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sbi recurring deposit interest rate
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Miscellaneous
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Asked by gdfg -
2 years ago
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Best Answer:
On Recurring deposit bank offers high rates of interest applicable to Term Deposits alongwith liquidity to access that savings any time.So set aside a small amount every month and earn at compounded rates of interest. You get
# Flexibility in period of deposit with maturity ranging from 12 months to 120 months.
# Low minimum monthly deposit amount.
# You can start a Recurring Deposit with SBI for a monthly instalment of Rs.100/- only.
You can avail a loan/overdraft against your deposit.SBI provides you loan / overdraft upto 90% of your deposit amount at nominal cost.So you continue to earn interest in your deposit and still can meet your urgent financial requirements.
2 years ago - By Somu
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