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State Bank of Hyderabad is a public sector bank which offers five types of RD schemes to its customers, the schemes that are provided by State Bank of Hyderabad are State Bank of Hyderabad Flexi RD, Regular RD Scheme, Senior Citizen Scheme and Recurring Deposit Account Plus. The State Bank of Hyderabad Flexi RD scheme allows its customers to deposit any amount in the account and the depositors may deposit ten times the amount of the initial deposit each month.
State Bank of Hyderabad provides regular RD schemes with tenures ranging from 12-120 months. The minimum deposit amount is 100 rupees. If you are an existing customer of State Bank of Hyderabad and you open the RD Plus account, then a savings account is offered to their spouse or children.
Tenure of Deposit | Below 1 crore (%) | 1 crores to 10 crores (%) |
180 days to 210 days | 6.5 | 3.85 |
211 days to less than 1 year | 6.5 | 4 |
1 year to 455 days | 6.9 | 4.25 |
456 days to less than 2 years | 6.75 | 4.25 |
2 years to less than 3 years | 6.75 | 4.25 |
3 years to less than 5 years | 6.5 | 4.25 |
5 years and upto 10 years | 6.5 | 4.25 |
State Bank of Hyderabad offers different interest rates on RD accounts based on the amount of deposit and the tenure chosen. The short-term RD options available for the customers are as follows:
State Bank of Hyderabad offers an interest rate of 6.75% for RD tenures of 180-210 days and for a tenure of 211 days-1 years an interest rate of 7% is applicable. For the tenure of 1 year-455 days, an interest rate of 6.95% is applicable
State Bank of Hyderabad provides an interest rate of 3.85% for RD tenures ranging from 6 months-210 days and for a tenure ranging from 456 days-2 years, an interest rate of 4.25% is applicable
For State Bank of Hyderabad, these are the following medium and long-term RD options available:
An interest rate of 6.85% is applicable on medium-term deposits for tenures ranging from 2-3 years and an interest rate of 6.5% is applicable for tenures ranging from 3-5 years and 5-10 years
State Bank of Hyderabad provides an interest rate of 4.25% for tenures ranging from 2-5 years and 5-10 years.
An additional interest rate of 0.5% is applicable on the RD accounts of senior citizens. This special interest rate is applicable only on deposits with tenure of more than 1 year
State Bank of Hyderabad offers RD plans to NRIs at highly attractive rates of interest and flexible tenures.
The interest rate applicable on State Bank of Hyderabad RD account with tenures ranging from 455 days to a year is 7.45% and for tenures ranging from 2-3 years, the interest rate applicable is 7.5% and for long-term RD schemes with tenure of 5-10 years, the interest rate applicable is 7%
For tenures ranging from 1-3 years, the interest rate offered by State Bank of Hyderabad is 6.5% and for RD accounts with tenures ranging from 3-10 years the rate of interest applicable is 6%
The interest rate offered by State Bank of Hyderabad RD account with tenure ranging from 1-3 years is 6.5%. For RD with tenure ranging from 3-10 years, the interest rate applicable is 6%
Tenure of Deposit | Rate of Interest (% P.A.) Below 1 crore | Rate of Interest (% P.A.) 1 crores to 10 crores |
1 year to 455 days | 6.9 | 4.25 |
456 days to less than 2 years | 6.75 | 4.25 |
2 years to less than 3 years | 6.75 | 4.25 |
3 years to less than 5 years | 6.5 | 4.25 |
5 years to 10 years | 6.5 | 4.25 |
The interest rate offered by State Bank of Hyderabad NRO RD account with tenure ranging from 6 months-1 year is 7%. For RD accounts with tenures ranging from 1 year-455 days, the interest rate applicable is 7.45%. For a tenure ranging from 455 days-3 years, the interest rate applicable is 7.5% and for a long-term tenure of 5-10 years, the interest rate applicable is 7%
State Bank of Hyderabad NRO RD account offers an interest rate of 6.5% for deposits of tenure ranging from 6 months-3 years. For an RD with tenure starting from 3-10 years, the interest rate applicable is 6%
For State Bank of Hyderabad NRO accounts with tenures ranging from 6 months-3 years, the interest rate applicable is 6.5% and for RD accounts with tenures ranging from 3-10 years, the interest rate applicable is 6%