SBI Recurring Deposit Account: Interest Rates, Investment Limits And More

In SBI's RD accounts, customers are required to make monthly deposits of a minimum Rs 100 and in multiples of Rs 10 thereafter. There is no maximum limit on the deposits. The minimum period of RDs is 12 months while the maximum is 120 months, according to SBI. (Also read: All You Need To Know About SBI Flexi Deposit Scheme) The interest rate payable to SBI staff and pensioners is kept at 1 percentage point above the applicable ra...