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  • State Bank of Bikaner and Jaipur Recurring Deposit Rates

    State Bank of Bikaner and Jaipur RD
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    State Bank of Bikaner and Jaipur Interest Rates for deposits less than 1 crore

    DURATIONPUBLIC % P.ASENIOR CITIZEN % P.ASTAFF % P.AEX-STAFF SENIOR CITIZEN % P.ANRO % P.ANRE % P.A
    1 year to 455 days6.97.47.98.46.96.9
    456 days to less than 2 years6.957.457.958.456.956.95
    2 years to less than 3 years6.857.357.858.356.856.85
    3 years  to less than 5 years6.577.586.56.5
    5 years and up to 10 years6.577.586.56.5

    State Bank of Bikaner and Jaipur Interest Rates for deposits from 1 crore to 10 crore

    DURATIONPUBLIC % P.ASENIOR CITIZEN % P.ANRO % P.ANRE % P.A
    1 year to 455 days4.254.754.254.25
    456 days to less than 2 years4.254.754.254.25
    2 years to less than 3 years4.254.754.254.25
    3 years  to less than 5 years4.254.754.254.25
    5 years and up to 10 years4.254.754.254.25

    Get The Best Rates For a State Bank of Bikaner and Jaipur Recurring Deposit

    A recurring deposit is an easy way to save money. Deposit small sums of money every month and over a period of time you would’ve accumulated a savings fund plus interest. SBBJ offers RD schemes that are suitable to salaried people, small business people and children. You need to deposit at least Rs. 100 per month in multiples of Rs. 10 after. You will earn interest in the range of 6.75% to 9.25% per annum depending on your age, residence, tenure and size of deposit. Interest is compounded on a quarterly basis. With an SBBJ recurring deposit you can also avail of a loan against deposit.

    State Bank of Bikaner and Jaipur Short Term Recurring Deposit Interest Rates

    Short term deposits are usually for 1 year to 455 days. Regular deposit holders will earn 7.05% per annum interest for deposits below Rs. 1 crore. On bulk deposits up to Rs. 10 crores, the interest rate offered is 5.75% interest per annum.

    State Bank of Bikaner and Jaipur Medium and Long Term Recurring Deposit Interest Rates

    Medium term deposits of 2 years to less than 3 years and 3 years to less than 5 years, earn between 7.00% per annum to 6.50% per annum. Deposits that exceed Rs. 1 crore up to Rs. 10 crore will earn 5.75% to 5.25% per annum.

    State Bank of Bikaner and Jaipur Senior Citizen Recurring Deposit Interest Rates

    Senior citizens are entitled to an additional interest rate above the normal rates. 0.50% incremental interest is given on deposits of Rs. 10,000 and above taken for a period of at least 6 months. For bulk deposits that exceed Rs. 1 crore upto Rs 10 crore, 0.25% additional interest is offered if the RD is taken for at least 1 year. Senior citizens can take joint accounts with those below the age of 60 years to avail of this benefit, but the senior citizen will be named as the first applicant.

    State Bank of Bikaner and Jaipur Employees and Ex-employees Recurring Deposit Interest Rates

    Employees and ex-employees of State Bank of Bikaner and Jaipur are entitled to an additional interest of 1% per annum on their deposits. This is irrespective of the tenure or deposit amount. If an ex-employee is a senior citizen, they are eligible for additional interest of 1% + 0.50% per annum. This bonus does not apply to NRE/NRO deposits. This is applicable only to domestic RDs of less than Rs. 1 crore for a tenure of at least 6 months.

    State Bank of Bikaner and Jaipur NRE/NRO Recurring Deposit Interest Rates

    NRE and NRO recurring deposits carry the same interest rates as the domestic recurring deposits. NRE RD accounts can be opened for 1 year to 10 years. NRE deposits will not eligible for the bonus interest rate for senior citizens, employees, and ex-employees.

    More you need to know about Recurring Deposit

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