State Bank of India RD Interest Rates 2026
Save a fixed amount every month with a SBI recurring deposit. RD rates go up to 6.40% for regular customers and 7.05% for senior citizens, with instalments from ₹100 (multiples of ₹10). India’s largest bank by deposits and branches; majority-owned by the Government of India.
Rates effective 15 Dec 2025 · Checked 27 September 2026SBI recurring deposit at a glance
Have a lump sum instead? SBI FD rates go up to 6.45% →
SBI RD interest rates
| Tenure | General (p.a.) | Senior citizen (p.a.) |
|---|---|---|
| 1 – <2 years | 6.25% | 6.75% |
| 2 – <3 years | 6.40% | 6.90% |
| 3 – <5 years | 6.30% | 6.80% |
| 5 – 10 years | 6.05% | 7.05% |
SBI applies its term-deposit (FD) card to RDs of the same tenure. Source: www.policybazaar.com. Confirm with the bank before opening.
What your monthly savings will become
| Tenure | Rate (general / senior) | ₹2,000 / month | ₹5,000 / month | ₹10,000 / month |
|---|---|---|---|---|
| 1 year | 6.25% / 6.75% | ₹24,824 | ₹62,060 | ₹1,24,119 |
| 2 years | 6.40% / 6.90% | ₹51,316 | ₹1,28,291 | ₹2,56,582 |
| 3 years | 6.30% / 6.80% | ₹79,400 | ₹1,98,500 | ₹3,97,000 |
| 5 years | 6.05% / 7.05% | ₹1,40,311 | ₹3,50,778 | ₹7,01,556 |
General rate, quarterly compounding, before tax. “—” = no published slab for that exact tenure.
SBI RD calculator
Rules & charges
| Feature | Details |
|---|---|
| Minimum instalment | ₹100 (multiples of ₹10) |
| Tenure | 1 – 10 years |
| Missed / late instalment | Nominal penalty for delayed instalment, varies with instalment amount |
| Premature closure | 1% penalty; rate as per bank deposit policy |
| Loan against RD | Usually available up to 80%–90% of the balance |
| Nomination | Up to 4 nominees (from 1 Nov 2025) |
| Deposit insurance | DICGC up to ₹5 lakh per depositor (with other deposits at SBI) |
Tax on SBI RD
| Point | Rule |
|---|---|
| Taxability | Interest taxed at slab rate every year |
| TDS | 10% once FD + RD interest from SBI exceeds ₹50,000 a year (₹1 lakh for 60+); 20% without PAN |
| Avoid TDS | Submit Form 121 (earlier 15G/15H) if your tax is nil |
| Deduction | No 80C; seniors can claim up to ₹50,000 under 80TTB (old regime) |
How to open a SBI RD
- OnlineNet banking or mobile app → Deposits → Open Recurring Deposit. Choose instalment, tenure, debit date and nominee.
- BranchFill the RD form with KYC and give a standing instruction from your savings account.
- Set auto-debitSchedule the debit a day after salary credit to avoid missed instalments.
Documents
- PAN or Form 60
- Aadhaar / other address proof
- Age proof for senior citizen rate
Compare SBI with other banks
| Bank | Highest | 1 year | 5 years | Min. instalment |
|---|---|---|---|---|
| Bandhan Bank | 7.25% | 7.00% | 5.85% | Rs 100/month, multiples of Rs 1 |
| YES Bank | 7.00% | 6.65% | 6.75% | Rs 1,000/month |
| IndusInd Bank | 7.00% | 6.75% | 6.65% | ₹1,000 |
| Tamilnad Mercantile Bank | 7.00% | 6.80% | 6.70% | — |
| Dhanlaxmi Bank | 7.00% | 6.25% | 6.50% | Rs 1,000/month, multiples of Rs 500 |
| Saraswat Co-operative Bank | 7.00% | 6.60% | 7.00% | ₹500 |
| South Indian Bank | 6.80% | 6.25% | 5.70% | ₹100 |
| Federal Bank | 6.75% | 6.25% | 6.40% | Rs 50/month, multiples of Rs 10 |
| State Bank of India | 6.40% | 6.25% | 6.05% | ₹100 (multiples of ₹10) |
Frequently asked questions
What is the highest RD interest rate at State Bank of India?
SBI pays up to 6.40% on RDs (2 – <3 years) and up to 7.05% to senior citizens (rates effective 15 Dec 2025).
How much will ₹5,000 a month grow to in a SBI RD?
In 5 years at 6.05%, ₹3 lakh of instalments grow to about ₹3,50,778.
What is the minimum RD instalment at SBI?
The minimum monthly instalment is ₹100 (multiples of ₹10). Tenure: 1 – 10 years.
What if I miss an instalment?
SBI: Nominal penalty for delayed instalment, varies with instalment amount.
Can I close a SBI RD early?
SBI: 1% penalty; rate as per bank deposit policy.
Is RD interest taxable?
Yes, at your slab rate. TDS of 10% applies when your total FD + RD interest from SBI exceeds ₹50,000 in a year (₹1 lakh for seniors).
Is my RD safe with SBI?
RDs are insured by DICGC up to ₹5 lakh per depositor per bank, including interest.
Rates compiled from the bank’s published RD / term-deposit rates for comparison only. FinancePortal is not affiliated with State Bank of India. Confirm current rates with the bank.