Sbi Recurring Deposit Interest Rates 2020

Interest Rates

For Q1 of FY 2020-21, the government had slashed rates of small savings schemes by 0.7-1.40%. If the governmen. India Post not to charge any late payment fee for RD holders in May. Jun 03, 2020, 05.38 PM. The Department of Posts has announced that RD account holders may deposit the. SBI RD Calculator: Your Rs 1000 monthly savings can become Rs 1.59 lakh; check interest rate, penalty, other details at sbi.co.in SBI RD Calculator: The State Bank of India (SBI) Recurring Deposit (RD) or SBI RD is a product to provide a person with an opportunity to build up savings through regular monthly deposits of fixed sum over a period of time. For the quarter ending 30 September, the annual returns are 5.8% for the recurring deposit accounts. The current interest rates on recurring deposits for the period from July to September is 5.8%. These accounts have a lock-in period of five years. 23 November 2020. Update: From February 10, 2020 the interest rates have been revised to 4.50% – 6.00% for General and 5.00% – 6.50% for senior citizens depending on the tenure of deposit. The table below gives the details. SBI Fixed and Recurring Deposit Interest Rate wef 10 February 2020.

Interest Rates on ZAR Deposit

Interest rates on Savings Bank Accounts in % p.a w.e.f 21.12.2020

Daily Balance Of	Interest Rate
Below Rand 10,000/-	2.00
Rand 10,000/- and above but below Rand 50,000/-	225
Rand 50,000 and above below Rand 100,000/-	2.50
Rand 100,000 and above	2.50

Term Deposit Interest Rates Sbi

Interest Rates on Call Deposits (% p.a w.e.f. 21.12.2020)

Call Deposit	Less than 25,000	25,000 to <100,000	100,000 to <1 mio	1 mio to 10 mio
Individual	0.00	2.50	2.50	on request
Corporate	0.00	2.50	2.50	on request

Interest Rates on Time Deposits / Recurring Deposits:
Interest Paid on maturity (% p.a w.e.f 21.12.2020)

Amount Tenor	10,000 upto <100,000	100,000 upto < 1,000,000
7 Days to <=3 Month	2.50	2.50
3 Month to <=6 Month	2.75	2.75
6 Month to <=24 Month	3.00	3.00
24 Month to < =36 Month	3.25	3.25
36 Month to < 120 Month	3.25	3.25

Please Note:

Rates for R 1.00 Mio and above on request only
Senior Citizens (age:65 years or more) on deposits of 24 months and above to get additional 25 bps interest.
All Interest rates are for single Deposit amounts.