SBI Recurring Deposit (RD) Interest Rate 2026
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Quick Answer
State Bank of India offers a recurring deposit (RD) interest rate of approximately 6.8% p.a. RDs allow systematic monthly savings starting from ₹100 with tenures of 6 months to 10 years.
SBI Recurring Deposit — Rates at a Glance
| 6 months | 6.30% p.a. |
| 1 year | 6.8% p.a. |
| 2 years | 6.8% p.a. |
| 3–5 years | 6.70% p.a. |
| Senior Citizen (1 year) | 7.30% p.a.(+0.50% extra) |
| Minimum monthly deposit | ₹100 |
Rates are indicative as of 2026-04-07. Verify with State Bank of India official website before investing.
Key Things to Know
- 1SBI RD rate: ~6.8% p.a. (same as corresponding FD rate)
- 2Minimum deposit: ₹100/month; no maximum limit
- 3Tenures available: 6 months to 10 years
- 4Premature closure allowed with 1% penalty
- 5TDS applies if annual interest exceeds ₹40,000 (₹50,000 for seniors)
- 6Loan against RD: up to 90% of accumulated balance
Calculate Your Returns
Total Deposited
₹1,20,000
Interest Earned
₹9,099
Maturity Amount
₹1,29,099
Calculated with quarterly compounding as per RBI guidelines for RD accounts. TDS applies on interest above ₹40,000 per year (₹50,000 for senior citizens).
Frequently Asked Questions
What is SBI RD interest rate in 2026?
State Bank of India RD interest rate is approximately 6.8% p.a. for 1-year tenures. Senior citizens earn an additional 0.50% over the regular rate.
How is SBI RD maturity amount calculated?
RD maturity = P × n + P × n × (n+1)/24 × R/100, where P = monthly installment, n = tenure in months, R = annual rate. Use our RD calculator for exact values.
Can I open SBI RD online?
Yes, existing SBI customers can open an RD account through net banking or the mobile app. Minimum monthly deposit is ₹100.
What happens if I miss an SBI RD installment?
If you miss an installment, a penalty of ₹1.50–₹2 per ₹100 per month may be charged. After 4 consecutive missed installments, the RD account may be converted to a closed account.