Question 1

What is the current SBI RD interest rate in 2026?

Accepted Answer

SBI offers RD interest rates ranging from 6.5% to 7.1% for general customers depending on tenure, and 7.0% to 7.6% for senior citizens (as of Q1 2026). Rates are subject to periodic revision by the bank.

Question 2

What is the minimum deposit for SBI Recurring Deposit?

Accepted Answer

The minimum monthly deposit for SBI RD is Rs. 100, with no upper limit. Deposits must be made in multiples of Rs. 10. SBI allows RD tenures from 1 year to 10 years.

Question 3

How is RD interest calculated?

Accepted Answer

RD interest is calculated using compound interest, typically compounded quarterly. Each monthly installment earns interest from its date of deposit until maturity, so earlier deposits earn more interest than later ones.

Question 4

Can I break my SBI RD before maturity?

Accepted Answer

Yes, SBI allows premature closure of RD accounts with a penalty of 1% on the applicable interest rate. The interest is recalculated at the rate applicable for the actual period the RD was held, minus the penalty.

SBI RD Calculator

SBI RD Calculator