Want to create a fund for your children's education or marriage or to buy a car or for a dream holiday? Whatever may be your financial goals, through our Recurring Deposit Scheme you can save a little every month so that at the time of need you have sufficient funds to achieve your financial goals. Recurring Deposit provides you the element of compulsion to save at rates of interest applicable to Term Deposits along with liquidity to access that savings any time. So set aside a small amount every month and earn at compounded rates of interest.
Wide Choice in Period of Deposit
Flexibility in period of deposit
Low minimum monthly deposit amount.
You can start a Recurring Deposit with SBI Muscat for a monthly instalment of OMR 25 only.
Sbi Recurring Deposit Interest Rate Calculator
It is the most convenient tool to enquire on the interest rates on a recurring deposit. Users have just to put the values, and the information regarding interest or principal rate is visible in no time on your SBI RD deposit calculator. SBI RD calculator online can be easily assessed wherever you travel. Rate of Interest as applicable to Term Deposits The interest rate payable to SBI Staff and SBI pensioners will be 1.00% above the applicable rate. The rate applicable to all Senior Citizens of age 60 years and above will be 0.50% above the applicable rate.
SBI Muscat Fixed Deposit Rates Apply
Check out our Interest Rates Online
Choose the amount you wish to invest and the maturity period.
Highlights
Safety
We understand the value of your hard earned money and continue to deliver on our promise of safety and security.
Regular Instalments to your Account
Now you have motivation/compulsion to save a chosen amount every month and create a fund, which helps you to meet your future financial needs.
Liquidity
Loan facility: You can avail a loan against your Recurring Deposit. SBI Muscat provides you loan @ 1.50% above the rate payable on the Recurring Deposit which is being offered as security. So you continue to earn interest in your deposit and still can meet your urgent financial requirements.
Easy and convenient access of information at SBI Muscat Internet Banking
Other Benefits
- Regular Instalments to your Account
- Save in your account through Fixed Monthly Instalments.
- Monthly Instalments can be deposited on any working day of the month.
- Instalments payable in multiples of OMR 25
Free Fund Transfer
Free transfer of your funds through standing instructions from your Current or Savings Bank Account to your Recurring Deposit Account every month for the payment of your instalments, so that you do not have to worry about regular payments.
Regular Updates
You can monitor your deposit through SBI Muscat Internet Banking
Other Deposits Inner Page Slide
Save now to invest in your future
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Recurring deposit Content
Recurring Deposit
Regular small savings to build up a fund
Recurring Deposit allows you to invest a fixed amount ranging from minimum LKR 1,000/ per month to maximum LKR 25,000/- per month (in multiples of LKR 1,000/-) at monthly intervals for building up an amount at the end of the term to fulfill your dreams.
Term of deposit
12 / 24 months.
Eligibility
- Resident Individuals (Sri Lankan, Indian & Other Nationals) of 18 years of age & above.
- Single or in Joint names with other individuals.
Interest Rates
Sbi Recurring Deposit Interest Rates 2019
- Card rates on Fixed deposits.
- Please refer ‘interest rates' link under ‘Quick links' for latest interest rates.
Key Benefits
- High safety & security of your funds.
- Free Nomination facility.
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