SBI RD Calculator
SBI, also known as State Bank of India, is one of the largest public sector
banks in India, offering a range of Recurring deposit schemes to investors. SBI Recurring
deposit
schemes are popular among investors due to their high safety, guaranteed
returns, and flexible tenure options. Investors can use the SBI Recurring deposit investment
calculator to calculate the returns on their Recurring deposit investments with SBI.
SBI Recurring deposit Schemes
SBI offers several Recurring deposit schemes to cater to the diverse needs of
investors. Some of the most popular SBI Recurring deposit schemes are: SBI Regular Recurring
deposit:
This scheme is suitable for investors who want to invest a lump
sum amount for a fixed period of time. The minimum investment amount for SBI Regular Fixed
Deposit is Rs. 1,000, and the tenure options range from 7 days to 10 years. SBI Tax Saving Fixed
Deposit: This scheme is ideal for investors
who want to save tax while earning a guaranteed return on their investment. The minimum
investment amount for SBI Tax Saving Recurring deposit is Rs. 1,000, and the tenure is fixed at
5
years. SBI Flexi Deposit Scheme: This scheme
is suitable for investors who want the flexibility of withdrawing their money from the fixed
deposit account without having to break the entire deposit. The minimum investment amount for
SBI Flexi Deposit Scheme is Rs. 5,000, and
the tenure options range from 1 year to 5 years. SBI Annuity Deposit Scheme: This scheme is
suitable for investors who want a regular income stream from their Recurring deposit investment.
Under this scheme, the investor makes a lump
sum deposit, and the bank pays the interest earned as a monthly installment to the investor. The
minimum investment amount for SBI Annuity Deposit Scheme is Rs. 25,000, and the tenure options
range from 3 years to 10 years.
