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List of recurring deposit rates across all banks in India
A Recurring Deposit (RD) is a safe and convenient way of saving money while also earning interest on it.
An RD allows you to safely deposit a fixed amount for a fixed tenure with a bank or financial institution into a special term account. The tenure generally ranges between one to ten years. At the end of the tenure, the funds along with accrued interest are typically deposited to the account specified at the time of booking of the Recurring Deposit.
It is similar to a Fixed Deposit (FD) in that you enjoy a higher rate of interest than a savings account for the same principal amount. The main difference between an FD and an RD is that a recurring deposit allows you to make ongoing periodic investments in the deposit, whereas in a fixed deposit, you need to deposit the entire lump amount at the time you open the FD account.
About State Bank Of Travancore Recurring Deposit Rate
An RD in State Bank of Travancore instills a habit of regular savings, where in you can invest a fixed amount every month for a fixed number of months. You can make these installments to a State Bank of Travancore recurring deposit scheme either by a Standing Order, ECS mandate or by regular direct remittance.
State Bank of Travancore RD interest rates are similar to rates offered for FD accounts. You can get the best rates for a State Bank of Travancore Recurring Deposit by investing in any of its RD schemes. Following is an overview of State Bank of Travancore RD interest rates including State Bank of Travancore Short-Term RD Interest Rates. For the latest and accurate RD interest rates in SBT, it is advisable to check with the bank directly.
The current RD Interest rate ranges from 6% to 7% for normal Indian residents including minors and HUF. It is advisable to contact the bank directly for the revised and up to date interest rates as they fluctuate on a regular basis.
Senior citizens enjoy preferential rates, i.e., 0.50% more on the interest rate as applicable for normal customers. For the latest revised or updated interest rates, it is advisable to contact the bank directly.
You can make use of the State Bank of Travancore online RD Calculator to compute the interest and the maturity earned on your invested amount. Using the Calculator is easy— you need to enter the instalment amount you want to invest monthly, the duration, and the interest rate—the calculator will do the hard number crunching and provide the maturity amount that you get at the time of maturity of the Recurring Deposit. Using an RD calculator helps you find out how much you need to save and what your maturity amount will be. You can try various amount and opt for the one that helps achieve your financial goal and suits your budget.
1. What is the eligibility criteria to open an RD account with SBT?
Following are eligible to open an RD with SBT:
2. What is the minimum deposit period?
The minimum deposit tenure is 6 months and can go up to as high as 120 months.
3. How do I apply for a regular recurring deposit?
You can visit your nearest branch and submit the Deposit Account form or send an email to the customer care at cmpsb (at) sbt (dot) co (dot) in
4. What is the documentation required to open an RD account?
You will require the following documents:
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