SBI RD Scheme: In today’s time everyone is investing money for their future. The only concern is where to invest your money. Similarly, State Bank of India is also running a special scheme for its customers, which is known as RD.
SBI RD Scheme
By investing in SBI RD scheme you can get very good interest rates, due to which they give higher returns at the time of maturity. State Bank is one of the safest banks in India. There will be no risk of losing your invested money. Let us know how much return you will get by depositing Rs 10,000 in this scheme.
Know what is SBI RD Scheme
The RD scheme of State Bank of India is a savings scheme run by the bank for its customers. In which bank account holders can invest their money for a fixed time. In this recurring deposit scheme, you can invest money for a period ranging from 3 months to 10 years.
Now if we talk about the interest received in this, then you will be given interest ranging from 6.50 percent to 7 percent. At the same time, senior citizens are given 0.50 percent more interest than banks. According to this, senior citizens get interest at the rate of 7 percent to 7.5 percent.
You will get this much return by depositing Rs 10,000 every month
If you deposit Rs 10,000 every month for 5 years in your recurring deposit account in SBI Bank, you get an interest rate of 6.50 percent. In such a situation, Rs 1,20,000 will be deposited in your account in one year and a total of Rs 6 lakh will be deposited in your account in 5 years.
On this deposit of Rs 6 lakh, Rs 1,09,902 will be given as interest after 5 years at 6.50 percent interest rate. According to this, at the time of maturity after 5 years, you will get a total of Rs 7,09,902 from the bank.
In this way you can open RD account
You have come to know how much interest is being received in this RD scheme. Now if you want to open an account in this recurring deposit scheme of State Bank of India, then you can open it by going to the nearest bank branch. Apart from this, you can also open it online sitting at home through Yono app.
