Great offer for SBI account holders
SBI: In times of inflation, everyone wants security and good returns. Bank is the best option. However, bank interest rates lag inflation. But if you are a customer of State Bank of India then it is a different matter. There is good news for the account holders of State Bank of India. If you want to invest for the future then this is a golden opportunity for you. Actually, bumper interest is being offered to the people under SBI Recurring Deposit Scheme. In this scheme the investor can get interest of Rs 55,000. Under this scheme, 6.50 to 7 percent interest is available on RD. You can get huge funds through this scheme. The time for depositing money in this scheme is also very less, due to which people can get benefits quickly. So if you are looking for short term investment then this can be a good option for you. SBI offers RD to its customers for tenures ranging from 1 year to 10 years. In this, the investor can start investing from Rs 100 per month. As far as interest is concerned, 6.5 to 7 percent interest is given to the general public and 7 to 7.5 percent interest to senior citizens. Rs 55,000 interest RD is a recurring deposit scheme where money is deducted from your bank account every month. For example, suppose you deposit Rs 5,000 per month in RD for 5 years, you will get interest at the rate of 6.50% (SBI RD interest rate). According to this, you get interest of around Rs 54,957 on maturity. Out of this, Rs 3 lakh will be your investment and the interest amount on recurring deposit will be approximately Rs 54,957. SBI offers RD for tenures ranging from one year to ten years. You can deposit a minimum of Rs 100 per month. SBI’s RD offers 6.5% to 7% interest for general public and 7% to 7.5% interest for senior citizens. These rates will be applicable from 15 February 2023. interest rate on sbi rd It is 6.80% for General and 7.30% for Senior Citizens from 1 year to 2 years. 2 years Less than 3 years 7% (General) 7.50% (Senior Citizens)
