Rate of Interest On Rd In State Bank Of Patiala

Hii sir, I Wants to Know the Interest Rates of the Recurring Deposit of the State bank of Patiala ?

[pawan]

As you Asking for the Interest Rates of the Recurring Deposit of the State bank of Patiala Let Me tell you that the State bank of Patiala is Merged into the State bank of India So Here I am giving you the Interest Rate of the Recurring Deposit of the State bank of India

Recurring Deposit

SBI recurring deposit comes with excellent features and benefits. With term of RD ranging from 1 year to 10 years and attractive rate of interest ranging between 6.25% p.a to 6.75% p.a for regular customers and an additional interest rate hike of 0.50% for senior citizens, it is one of the most sought-after RDs in India.

Features
Monthly RD deposits can be as low as Rs.100 and thereafter in multiples of Rs.10 which makes savings easy for even those who earn less.
There is no maximum limit on the monthly RD deposits amount.
Another excellent feature of SBI RD is that loan or overdraft facility is available against the RD balance maintained by the customer.
Tax Deducted At Source(TDS) is applicable on interest earned through SBI recurring deposit.

Interest Rates

RD Tenure General Rates Rates For Senior Citizens
1 Year 6.75% p.a 7.25% p.a
Above 1 Year to 455 days 6.50% p.a 7.00% p.a
456 days to less than 2 years 6.50% p.a 7.00% p.a
2 years to less than 3 years 6.25% p.a 6.75% p.a
3 years to less than 5 years 6.25% p.a 6.75% p.a
5 years to 10 years 6.25% p.a 6.75% p.a


For more information you may Contact to the State bank of india Nearest branch