Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Deposit period12 to 120 months
Source 1Monthly instalmentMinimum ₹100 per month, then in multiples of ₹10
Source 2Current public rates6.25% for 1 to under 2 years; 6.40% for 2 to under 3 years; 6.30% for 3 to under 5 years; 6.05% for 5 to 10 yearsEffective 15 Dec 2025
Source 3Current senior-citizen rates6.75% for 1 to under 2 years; 6.90% for 2 to under 3 years; 6.80% for 3 to under 5 years; 7.05% for 5 to 10 yearsEffective 15 Dec 2025
Source 4Premature-closure penalty0.50% for principal up to ₹5 lakh and 1% above ₹5 lakh, for all tenors; no interest if the deposit remains for less than 7 days
Source 5Delayed-instalment penalty₹1.50 per ₹100 per month for tenors of 5 years or less; ₹2 per ₹100 per month for tenors over 5 years
Source 6Closure after missed instalmentsThe account is prematurely closed if six consecutive instalments are not received, with the balance paid to the account holder
Source 7Unregularised-default service charge₹10 when an RD is paid on or after maturity with three or more consecutive instalments in default and the account was not regularised
Source 8Maturity instructionsCredit proceeds to a savings or current account, issue an IOI, or issue an STDR
Source 9Account facilitiesIndividual-only nomination, universal passbook, loan or overdraft against deposit, and transfer among SBI branches
Source 10Benefits and features
- Fixed monthly savings from ₹100
- One-to-ten-year tenure choice
- Public and senior-citizen term-deposit rates
- Loan or overdraft facility against the deposit
- Multiple maturity-disposal options
Eligibility
- The reviewed page does not publish a detailed eligibility or KYC checklist; SBI's current account-opening rules apply.
- Interest depends on the chosen tenor, customer category and booking date.
- Delayed instalments attract published penalties and six consecutive missed instalments trigger premature closure.
- The fixed-deposit promotional widget embedded on the page is stale; the separately reviewed official retail rate table controls the rates shown here.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- KYC and deposit-opening documents applicable under SBI's current rules; the recurring-deposit page does not publish a dedicated checklist