This concept may be fruitfully applied to your earnings with SBM Private Wealth Recurring Deposit.

You can open a flexible and convenient recurring deposit account with consistent monetary deposits, and build a sizeable corpus over the long run. What’s more, this comes with the assurance that your capital invested is secure.

You can create your fixed deposit through Internet Banking or Phone Banking within minutes, and shape your future the way you imagine it.

Winning features with real benefits

Earn interest on flexible tenures starting from a minimum of 6 months to a maximum of 10 years.

In-built
flexibility

Open an RD in single or joint name via Internet banking, phone banking, or visiting the branch.

Multiple opening
modes

Earn attractive compounded returns varying across short-term, medium-term, and long-term investment tenures.

Competitive interest
rates

Open your RD within a few minutes without any tedious paperwork.

Hassle-free
process

Transfer funds from your savings account to your RD to earn additional interest.

Seamless
transfer

Nominate an individual as a nominee for your recurring deposit.

Nomination
facility

In case of immediate funds required to meet an emergency, you can choose to prematurely close your RD. A premature closure penalty calculated as per the system would apply.

Premature
encashment

Avail a loan anytime against the amount in your RD account.

Loan
Facility
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