RD Rate Of Interest In State Bank Of Patiala

Hello Guys , I want to know what is the Required Eligibility , and Interest Rate for Recurring Deposit Scheme of State Bank Of Patiala , Will you please tell me ?

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Recurring Deposits (RD) with Banks are one of the Most Popular Investment Options for People with regular income.

RD enables to deposit fixed amount every month for a pre-defined period which earns interest similar to Fixed Deposits (FD).

Features & Benefits

Loan / Overdraft facility available against the security of the deposit.In case of minor, the same should be utilized for the benefit of the minor.

Free automatic transfer of monthly instalment amount to RD account, by debit to Saving Bank account.

Eligibility Criteria

i) All female singly or jointly (female as first applicant in joint account including minor child)
ii) The female should have a Saving Bank Account in any branch of SBP.
iii) Available for residents only

Recurring Deposit Interest Rates:

For RD duration of 1 Year Bandhan Bank offers 8.25%

For 2 years The Ratnakar Bank offers 8.5% and Bandhan Bank offers 8.25%

For 3 to 4 Years the best offer is by The Ratnakar Bank offering 8.75% interest rate

For 5+ Years RD duration the best interest is offered at 8.15% by The Ratnakar Bank

The Post Office offers 5 Year Recurring Deposit Scheme offering 7.4% interest rate