| Re: SBI Recurring Deposit Interest Rate
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body. It is a government corporation statutory body headquartered in Mumbai, Maharashtra.
State Bank of India (SBI) offers recurring deposit option to their customers to park their periodically generated surplus savings for a fixed tenure.
State Bank of India (SBI) RD Interest Rates 2019
Tenure General Rates Senior Citizen Rates
5 years to 10 years 6.85% 7.35%
1 year to 1 year 364 days 6.80% 7.30%
2 years to 2 years 364 days 6.80% 7.30%
3 years to 4 years 364 days 6.80% 7.30%
State Bank of India (SBI) Recurring Deposit
SBI offers RD interest rates up to 6.85%
Interest on RD with SBI is compounded quarterly.
SBI accepts minimum deposits starting at 1000.
For senior citizens SBI offers RD rate upto 7.35%.
Bank profile
Type
Public
Traded as
NSE: SBIN
BSE: 500112
LSE: SBID
BSE SENSEX Constituent
CNX Nifty Constituent
Industry Banking, financial services
Predecessor
Imperial Bank of India (1921-1955)
Bank of Calcutta (1806-1921)
Bank of Bombay (1840-1921)
Bank of Madras (1843-1921)
State Bank of Travancore (1945-2017)
Founded
2 June 1806, Bank of Calcutta
15 April 1840, Bank of Bombay
1 July 1843, Bank of Madras
27 January 1921, Imperial Bank of India
1 July 1955, State Bank of India
Headquarters State Bank Bhawan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India
Number of locations
24,000
Area served
Worldwide
Key people
Rajnish Kumar
(Chairman)
Products Retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance
Revenue Increase₹265,100 crore (US$38 billion)(2018)
Operating income
Decrease₹15,528 crore (US$2.2 billion) (2018)
Net income
Decrease₹6,547 crore (US$950 million) (2018)
Total assets Increase₹3,312,461 crore (US$480 billion) (2018)
Owner Government of India
Number of employees
264,041 including 107,077 officers
(March 2018)
Parent SBI Group
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