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State Bank of IndiaRecurring deposit

SBI Recurring Deposit

SBI's standard recurring deposit uses regular monthly instalments over 12–120 months and applies the corresponding term-deposit rate for public or senior-citizen customers.

First-party evidencePublished researchReviewed September 9, 2026Active
Current rate evidenceSBI states that its RD earns the rate applicable to term deposits. The reviewed retail term-deposit schedule below ₹3 crore is effective from 15 December 2025.
Instalment / tenureMinimum monthly instalment ₹100, then in multiples of ₹10; tenure from 12 months to 120 months.
Missed instalments / premature closureDelayed instalments attract a stated per-₹100 monthly penalty; six consecutive missed instalments can cause premature closure. Premature withdrawal can reduce the applicable rate by 0.50% or 1% depending on principal amount.
Contracted rate / booking conditionThe RD's interest rate follows SBI's corresponding term-deposit rate at opening rather than a separate permanently fixed RD headline rate.
Research processPublished by littleden.blog

Structured from first-party bank/issuer evidence. This page does not claim personal hands-on product use unless that experience is explicitly stated.

2 first-party sources
Last checkedSeptember 9, 2026

Recorded source review date, not a claim that the product changed that day.

Maintenance stateWithin scheduled review window

Target recheck: October 9, 2026.

Critical decision facts

Rate, tenure, liquidity and booking conditions belong together.

A headline deposit rate is incomplete without the dated schedule, tenure band, customer category and premature-withdrawal rules.

01 · Current rate evidenceSBI states that its RD earns the rate applicable to term deposits. The reviewed retail term-deposit schedule below ₹3 crore is effective from 15 December 2025.
02 · Instalment / tenureMinimum monthly instalment ₹100, then in multiples of ₹10; tenure from 12 months to 120 months.
03 · Missed instalments / premature closureDelayed instalments attract a stated per-₹100 monthly penalty; six consecutive missed instalments can cause premature closure. Premature withdrawal can reduce the applicable rate by 0.50% or 1% depending on principal amount.
04 · Contracted rate / booking conditionThe RD's interest rate follows SBI's corresponding term-deposit rate at opening rather than a separate permanently fixed RD headline rate.
Exact product-type evidence

Recurring deposit evidence stays in its own structure.

Specialist fields below remain source-scoped. Missing values stay missing; one banking product type is never used to manufacture facts for another.

Comparable tenure points

Rate anchors you can compare without reading a headline maximum.

Only tenure points directly represented by the reviewed bank schedule are stored. We do not interpolate a rate between published bands.

Research matrix: Tenure; General; Eligible senior
TenureGeneralEligible senior
1 year6.25%6.75%
18 months6.25%6.75%
2 years6.40%6.90%
3 years6.30%6.80%
4 years6.30%6.80%
5 years6.05%7.05%

Rate basis: SBI RD product page points to the corresponding term-deposit rate; anchors use the current below-₹3-crore schedule effective 15 December 2025. · Effective/reference date: December 15, 2025

Rate history

Dated deposit-rate snapshots.

Effective-date evidence is preserved instead of silently replacing an older rate when a bank reprices new deposits.

Observed September 9, 2026
SBI RD follows the applicable retail term-deposit rate; reviewed anchors include 12m 6.25%/6.75%, 24m 6.40%/6.90% and 60m 6.05%/7.05% for general/senior.

SBI RD product page points to the corresponding term-deposit rate; anchors use the current below-₹3-crore schedule effective 15 December 2025.

Maintained terms

Fees, balances, benefits, limits and eligibility without a single-score shortcut.

These six fields are the cross-product layer. The specialist section above controls whenever a type-specific field is more precise.

Current rate evidenceSBI states that its RD earns the rate applicable to term deposits. The reviewed retail term-deposit schedule below ₹3 crore is effective from 15 December 2025.
Instalment / tenureMinimum monthly instalment ₹100, then in multiples of ₹10; tenure from 12 months to 120 months.
Compounding / deposit featuresAvailable across SBI branches, transferable among branches, nomination available, loan/overdraft against the deposit available and maturity proceeds can be credited to a savings/current account or reinvested.
Missed instalments / premature closureDelayed instalments attract a stated per-₹100 monthly penalty; six consecutive missed instalments can cause premature closure. Premature withdrawal can reduce the applicable rate by 0.50% or 1% depending on principal amount.
EligibilityEligible SBI customers under current recurring-deposit and KYC rules; senior-citizen rate treatment follows the applicable term-deposit schedule.
Contracted rate / booking conditionThe RD's interest rate follows SBI's corresponding term-deposit rate at opening rather than a separate permanently fixed RD headline rate.
Fit & cautions

Who this record appears designed for—and what can break the fit.

Best-fit wording summarizes the published proposition. It is not individualized financial advice or an approval prediction.

Potential fit

SBI customers seeking a long-tenure disciplined savings plan with a very low ₹100 monthly starting amount and transparent missed-instalment rules.

Verify before relying
  • Check the exact tenure-specific term-deposit rate on the booking date.
  • Six consecutive missed instalments can lead to premature closure.
  • Premature withdrawal penalties differ above and below ₹5 lakh principal.
Maintained comparisons

Compare this product only where the pair is deliberately maintained.

Both sides keep independent review dates, exact conditions and first-party evidence. No winner score is generated.

First-party source ledger

Complete evidence set for this maintained profile.

Each source remains independent. A product page, tariff, KFS/MITC, rate schedule or programme document is not silently treated as interchangeable evidence.

Current-use rule

When the bank changes a term after the recorded review, the current agreement, tariff, KFS/MITC or effective rate table controls.

Research boundary

This page organizes dated public evidence; it does not guarantee eligibility, availability, approval, service quality or future pricing.