SBI Recurring Deposit

—Interest Rate

₹100 per monthBalance / Limit

—Initial Deposit

—Opening Mode

Bank / LenderState Bank of India

Product TypeRecurring Deposit

Interest Rate—

Minimum Balance₹100 per month

Tenure12–120 months

Account OpeningDelayed instalment penalty ₹1.50 per ₹100 per month for tenor up to 5 years; ₹2 per ₹100 per month for tenor above 5 years. ₹10 service charge in specified default-at-maturity cases. Premature withdrawal penalty as per SBI rules.

EligibilityEligible SBI customers as per RD rules.

Key Benefits

Regular monthly deposits; loan/OD against deposit; nomination; transferability among branches; universal passbook.

Eligibility

Eligible SBI customers as per RD rules.

Fees & Charges

Delayed instalment penalty ₹1.50 per ₹100 per month for tenor up to 5 years; ₹2 per ₹100 per month for tenor above 5 years. ₹10 service charge in specified default-at-maturity cases. Premature withdrawal penalty as per SBI rules.

How to Apply

Available at SBI branches.

Frequently Asked Questions

What is the minimum monthly deposit?

SBI states ₹100 per month, thereafter in multiples of ₹10.

What is the maximum tenure?

SBI states 120 months.

Is a loan against the RD available?

SBI states loan/OD against the deposit is available.

Source: Official bank website · Last verified 2026-08-31