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  • State Bank Of Travancore Recurring Deposit Interest Rates

    STATE BANK OF TRAVANCORE RECURRING DEPOSIT
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    SBT RD Interest Rates Below One Crore

    SBT RD Interest Rates Below One Crore
    Tenure of Deposit Interest rate (% per annum) Interest Rate for Senior Citizens (% per annum)
    1 year to below 2 years 6.95 7.45
    2 years to below 3 years 6.85 7.35
    3 years to 5 years 6.50 7.00
    5 years 6.50 7.00

    Get the Highest Interest Rates on State Bank Of Travancore

    State Bank of Travancore, a subsidiary of SBI Group, is a nationalized bank which is headquartered in Trivandrum, Kerala. The Bank offers various financial and banking options to its customers in order to facilitate various requirements and investment opportunities. Recurring Deposit scheme is one such service extended to customers of State Bank Of Travancore. An eligible individual can open an RD account in SBT for a period ranging from 12 months to 120 months. There is no maximum limit on the amount that can be deposited. Minors who are older than 10 years of age can open an account for a duration during which the maturity amount will not exceed Rs. 2 lakh. TDS is not applicable on this scheme. Facilities such as nomination, loans against deposit, premature withdrawal of funds, etc. are available.

    State Bank Of Travancore Short-term RD Interest Rates

    State Bank Of Travancore offers Recurring Deposit for a short deposit term from a minimum of 12 months to less than 2 years at an interest rate of 6.95% for regular customers. For holding an RD for a short duration of more than 2 years to not more than 3 years, the rate of interest offered by the Bank is 6.85%.

    State Bank Of Travancore Medium and Long Term RD Interest Rates

    State Bank Of Travancore also offers medium deposit tenures and long deposit tenures on Recurring Deposit. Medium tenures for holding an RD account with the Bank ranges over a period of more than 3 years to 5 years and the interest rate applicable is 6.50%. The long term RD can be held with the Bank for a tenure of 5 years, at an interest rate of 6.50% as well.

    State Bank Of Travancore Senior Citizen Recurring Deposit Interest Rates

    State Bank Of Travancore offers Senior Citizens an additional interest 0f 0.50% over the interest rate offered to other customers. In this case, they will receive 7.45% interest rate for a short term RD ranging from 1 year to 2 years and for a period of more than 2 years to not more than 3 years the interest rate applicable will be 7.35%. For a medium term and long term recurring deposit ranging from 3 years to 5 years is 7.00% and for 5 years, the interest rate offered by the Bank is 7.00%.

    State Bank Of Travancore Other Recurring Deposit Scheme Interest Rates

    State Bank of Travancore also offers a unique RD scheme called the Twinkle Deposit Scheme, solely for the benefit of children who are not more than 18 years of age. The rate of interest offered on this scheme is 8% per annum and additional interest rate is not applicable even if senior citizens act as the joint account holder/ guardian.

    More you need to know about Recurring Deposit

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