INSUBCONTINENT EXCLUSIVE:
Recurring Deposit (RD), a kind of investment plan, is offered by commercial banks, small finance banks and post offices
For setting up a recurring deposit (RD) account, he/she can choose from a variety of terms - or maturity period
For example- the maturity period of post office RD account is 5 years
The minimum period of State Bank of India (SBI) RD account, on the other hand, is 12 months
The maximum period of SBI RD is 120 months, according to SBI's website- sbi.co.in.State Bank of India (SBI)In SBI RD account, customers
are required to make monthly deposits of minimum of Rs
100 and in multiples of Rs 10 thereafter
accounts, noted the lender on its website
The following RD interest rates are applicable on deposits below Rs 2 crore, according to the bank's website- sbi.co.in:Post OfficeThe
according to India Post's official website
