Recurring Deposit

Earn the interest rate of Fixed Deposit with State Bank of Sikkim Recurring Deposit Scheme.

No matter how small your monthly investments are, you will enjoy the interest rates as high as that of Fixed Deposit.

Higher interest rates for Sr. Citizens

Rate of Interest (w.e.f. 24.11.2016)

Sl. No.Period of DepositNormalSr. Citizens
11 year to 3 years7.35% 7.85%
2Above 3 years to 5 years7.30% 7.80%
3Above 5 years 7.30%7.80%

Senior Citizen means Person of 58 years and above.

Penalty of 1% shall be levied for premature closure.

Account Opening Form
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