State Bank of India offers good interest rate to its customers. According to SBI’s official website Sbi.co.in, SBI is giving interest on its RD scheme at the rate of 5.3 percent per annum for a period of 3-5 years.
SBI is giving better returns
State Bank of India, the country’s largest government bank, is giving you such an opportunity, by investing in which you can get good returns. The special thing is that in this scheme of SBI, you can get a return of Rs.1 lakh 59 thousand by investing only Rs.1,000 per month. Come, let’s know about this scheme
SBI gives good interest on RD
State Bank of India offers good interest rate to its customers. According to SBI’s official website Sbi.co.in, SBI is giving interest on its RD scheme at the rate of 5.3 percent per annum for a period of 3-5 years. Not only this, if your RD scheme is more than 5 years, then SBI will pay you interest at the rate of 5.4%.
Senior citizens benefit more
If a senior citizen invests in an RD scheme, the bank gives them an additional interest rate of .80 per cent. That is, SBI will give interest at the rate of 6.2 percent to senior citizens on RDs of more than 5 years.
Penalty Rules on SBI RD
If you have taken RD and are not paying it on time, then SBI also levies penalty. Penalty will be charged at the rate of Rs 1.5 per Rs 100 on RDs of less than 5 years duration. RDs above 5 years will be charged at Rs 2 per Rs 100. That is, 20 rupees for 1000 rupees. If the money is not deposited continuously for 6 months, then SBI will close that scheme and will send all the money to your savings account.
SBI RD Service Charge
According to sbi.co.in, if the money is not deposited on time 3-4 times, then the bank will levy a levy of Rs 10. Which will be charged as service charge.
How to get 1.59 lakh return?
State Bank of India ( SBI ) said Kalikuletr if you are under the age of 60 years and stored according to Rs 1,000 per month to 120 months. So you will get 1.59 lakh 155 rupees in 10 years at the rate of 5.4 percent.
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