Where Consistency Meets Compounding Power!

Enjoy best-in-class rates with SBM Recurring Deposit

Request a Callback

Recurring Deposit Interest rate
Tenure	Recurring Deposit Interest Rates - Less than 3 Cr (w.e.f. 03-08-25)
6 Months	6.55%
9 Months	6.55%
12 Months	7.05%
15 Months	7.05%
18 Months	7.05%
21 Months - 24 Months	7.05%
27 Months - 36 Months	7.05%
39 Months - 57 Months	7.05%
60 Months	7.50%
60 Months - 120 Months	6.80%

Download Rate Request a Callback

Disclaimer:
Above rates are subject to change without prior notice. Depositors may please confirm the rate with respective branches before the investment. Notes: 0.5% additional benefit for senior citizens (only applicable for deposits for Resident Indians).

In case of premature payment, the deposit shall be subject to penalty provisions at the rates decided by the Bank from time to time. Currently, the Bank will allow withdrawal of all recurring deposits of Rs. 3 Crore and below before completion of the period of the deposit agreed upon at the time of placing the deposit subject to levy of penal charges as applicable. The Bank will be paying interest for the run period prevalent at the time of opening of the deposit. The premature deposit closure penalty is 1% p.a.

Above rates are subject to change without prior notice. Depositors may please confirm the rate with respective branches before the investment.

SBM Bank (India) Ltd is registered with DICGC for the deposit insurance scheme under the DICGC Act 1961. For more information you can visit https://www.dicgc.org.in/ Or Scan the QR code

NEVER SHARE your Card Number, CVV, PIN, OTP, Internet Banking User ID, Password, or URN with anyone, as it can lead to unauthorised access to your account. | DIAL 1930 FOR ONLINE FINANCIAL FRAUD. REPORT ANY CYBERCRIME AT | Dear Customer, in line with RBI regulation, if there are any changes/updates in the KYC documents you previously submitted with the Bank, please provide the updated documents within 30 days of such changes.

Request a call back