Sbi Recurring Deposit Interest Rates 2020 Average ratng: 3,7/5 2690 reviews
Fixed deposit rates revised by SBI The State Bank of India has reduced the interest rates on fixed deposits from 27 May 2020 by 40 basis points across all tenures. A fixed deposit for a tenure of 1 year will now offer an interest rate of 5.10% compared to 5.50% earlier. SBI RD Calculator. Most people opt for recurring deposits to earn something extra on their savings. The maturity amount on your RD depends on various factors such as the deposit amount, the rate of interest, tenure of the RD, TDS, and other such factors.
- Sbi Recurring Deposit Interest Rates 2020 Rates
- Recurring Deposit Interest Rates
- Sbi Recurring Deposit Interest Rates
Interest Rates
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 |
Sbi Recurring Deposit Interest Rates 2020 Rates
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.
Recurring Deposit Interest Rates
USD deposits: (w.e.f 31.07.2020 in % p.a)
| Tenor | USD upto 500,000 | USD 500,000 and above |
|---|---|---|
| CFC | 0.10 | 0.25 |
| Term Deposits | Rates for term deposits on request only. | |
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