I just want to start my reccuring deposit in sbi bank and monthly deposit amount will be 5000
for 1 year.So how much rate of intesest will be after 1 year. Iam 19 year old.Can you please
help me out ragarding this……
Dear Laishram
From 11.05.2015 SBI has changed its interest rate on Recurring Deposit.Now they are giving 8.00 % interest rate for 1 year RD.If you open now then you will get 8.00% interest upto maturity of your RD.There will be no change if SBI change in their RD interest rate.If you open RD with monthly installment of 5000 then your maturity amount will be 62646.63 after 12 months or 1 year.
If any difficulty in understanding the above words kindly reply in the comment.
hi sir,
I just want to start my reccuring deposit in sbi bank and monthly deposit amount will be 5000
for 1 year.So how much rate of intesest will be after 1 year. Iam 19 year old.Can you please
help me out ragarding this……
Dear Laishram
From 11.05.2015 SBI has changed its interest rate on Recurring Deposit.Now they are giving 8.00 % interest rate for 1 year RD.If you open now then you will get 8.00% interest upto maturity of your RD.There will be no change if SBI change in their RD interest rate.If you open RD with monthly installment of 5000 then your maturity amount will be 62646.63 after 12 months or 1 year.
If any difficulty in understanding the above words kindly reply in the comment.