Detailed step by step process to open SBI RD online with State Bank net banking, Find SBI RD Interest Rates 2024 applicable for General Public and Senior Citizens…
Recurring Deposit accounts are special fixed deposit accounts that require a customer to deposit the investment in a way like a premium amount. In the Recurring Deposit, customers need to make payments as per monthly or selected interval.
It is to get your sum of amount will add to the final amount that you have fixed. This may enjoyed by the salaried individual, as your amount adds to make a big investment which agreed during the registration of Recurring Deposit. The maturity amount is as per the customer agreement which waits for your regular premium paid.
Individuals can anytime visit the online SBI net banking account with their assigned username and password. Else customers are asked to get themselves registered with net banking. Use these internet banking pages to get registered with Recurring Deposit.
The amount, which is agreed in the Recurring Deposit, will be deducted from your savings account on the said date. The agreed rate of interest will be added to your sum of amount. These amounts will be sent back to your savings account, once the tenure has been completed.
How to Open SBI RD Online with SBI Net Banking
Follow the following steps to open RD with SBI net banking in online.
- Open official website of SBI net banking with the link onlinesbi.com
- Tap on Login option which is present under the personal banking section
- After clicking on login a new page opens, Click on Continue to Login option present on Top-Right of the page
- Provide your username and password and then tap on login to proceed further
- Home page opens after login, then Click on e-RD option in Fixed Deposit present on top of the page
- Tap on proceed option
- Choose Debit account for initial amount if you more than one account in SBI
- Select the amount that you want to open in RD
- Select senior citizen option if you are above 60 years old
- Choose tenure of deposit that how many years you want to open RD, you can choose a maximum of 10 years of period
- Select a option from Payback Principle and interest or Convert to STDR under maturity instruction for your RD Account
- After completing all steps carefully then Click on I Accept the Terms and Conditions option
- Click on submit option to proceed further
- Verify all details shown carefully and then tap on confirm option
- Finally you completed your request for creation of RD in SBI and Click on Set SI to complete the process
SBI RD Interest Rates 2024
| Period | Interest Rates in % Revised for public w.e.f 27/12/2023 (<Rs2cr) | Revised Rates in % for Senior Citizen w.e.f. 27.12.2023 (<Rs2cr) | Revised Rates in % f or Public w.e.f 27.12.2023 (Rs.2Cr & Above ) | Revised Rates in % for Senior Citizen w.e.f. 27.12.2024(Rs.2Cr & Above) |
|---|---|---|---|---|
| 7 to 45 days | 3.00 | 4.00 | 5.00 | 5.50 |
| 46 to 179 days | 4.75 | 5.25 | 5.75 | 6.25 |
| 180 to 210 days | 5.75 | 6.25 | 6.50 | 7.00 |
| 211 to less than 1 year | 6.00 | 6.50 | 6.75 | 7.25 |
| 1 year to less than 2 years | 6.80 | 7.30 | 6.80 | 7.30 |
| 2 years to less than 3 years | 7.00 | 7.50 | 6.75 | 7.25 |
| 3 years to less than 5 years | 6.50 | 7.00 | 6.25 | 6.75 |
| 5 years and upto 10 years | 6.50 | 7.50 | 6.00 | 6.50 |
For more information, please visit the page https://sbi.co.in/web/interest-rates/interest-rates/deposit-rates#show
Is there any timings to open RD account online?
Yes. It is possible from 8 am to 8 pm to open RD in online
Details of newly opened RD and Savings account same?
The name, Branch and mode of operation of a newly generated RD account is same with your savings account
Can we close the RD online itself or shall we go to branch for closure?
Upon expiry or after payment of last installment, SBI Online RD will automatically closed and credit to the Saving bank account. There is no need of approach to bank branch.
Will SBI RD extend automatically in Online?
If any automatic renewal instructions given, then it may renewed after expiry, If not, this may automatically credit to savings account.