SBI RD Account: There is good news for those having accounts in State Bank (SBI Account). SBI Bank is giving special offers to the customers for investment. If you also have an account in the country’s largest government bank, then you can benefit.
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In this scheme of SBI, you will get interest of around Rs 55,000. In this scheme of SBI you do not have to deposit any money at once. If you also get RD done in SBI, then general customers will get interest ranging from 6.50 percent to 7 percent. Even if you deposit your small savings every month, you can create a big fund in it.
SBI Recurring Deposit
SBI offers RD for a period of one year to ten years. In this, a minimum of 100 rupees can be deposited every month. SBI’s RD is offering 6.5% to 7% interest for the general public and 7% to 7.5% interest for senior citizens. These rates are applicable from 15 February 2023.
SBI RD interest rates
1 year to less than 2 years 6.80% for general and 7.30% for senior citizens.
2 years to less than 3 years 7% (General) 7.50% (Senior Citizens)
3 years to less than 5 years 6.50 (General) 7.00 (Senior Citizens)
Upto 5 years and 10 years 6.50 (General) 7.50 (Senior Citizen)
You will get around Rs 55,000 in SBI RD
RD i.e. Recurring Deposit Scheme is a scheme in which money is deducted from your bank account every month. For example, suppose you deposit Rs 5,000 every month in an RD for 5 years, then you will get an interest rate of 6.50%. Accordingly, you will get an interest of about Rs 54,957 on maturity. Let us tell you that your investment of Rs 5000 every month in 5 years will be Rs 3 lakh, but on maturity you will get around Rs 3,54,957 lakh. Out of this Rs 3 lakh will be your investment and the amount of interest will be around Rs 54,957.
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