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SVC Bank RD Rates: Shamrao Vithal Bank Recurring Deposit Rates and Features
The Reserve Bank of India kept the repo rate unchanged and so, the interest rates have remained the same. Shamrao Vithal Co-operative (SVC) Bank, a trusted urban co-operative bank with a strong presence across India, known for its customer-centric services offers RDs at competitive interest rates.
If you are considering opening a recurring deposit, check out the Shamrao Vithal Bank recurring deposit rates and features here before you invest.
Quick Synopsis
- Shamrao Vithal Bank recurring deposit rates range between 3.50% and 7.50%.
- The bank offers 0.5% higher interest rates to senior citizens.
- SVC Bank charges a 1% penalty on the effective interest rate for premature withdrawals.
Shamrao Vithal Bank Recurring Deposit Rates
The recurring deposit rates vary based on the tenure and the type of citizen. Here is the Shamrao Vithal Bank recurring deposit rates chart as of 18th July 2025:
Tenure | Interest Rate for Non-Senior Citizens | Interest Rate for Senior Citizens |
7 days to 14 days | 3.25% | 3.75% |
15 days to 45 days | 3.50% | 4.00% |
46 days to 89 days | 3.75% | 4.25% |
90 days | 4.75% | 5.25% |
91 days to 117 days | 5.00% | 5.50% |
118 days | 5.25% | 5.75% |
119 days to 179 days | 5.25% | 5.75% |
180 days | 5.75% | 6.25% |
181 days to 330 days | 5.75% | 6.25% |
331 days to 364 days | 5.75% | 6.25% |
12 months | 6.60% | 7.10% |
Above 12 Months to below 14 Months | 6.75% | 7.25% |
14 months to below 16 months | 6.75% | 7.25% |
16 months to 24 months | 6.75% | 7.25% |
Above 24 months to 60 months | 6.60% | 7.10% |
Above 60 months to 120 months | 6.60% | 7.35% |
Tax Exemption Scheme (5 Years) | 6.60% | 6.60% |
Features of Shamrao Vithal Bank Recurring Deposits
- As a depositor, you can book a recurring deposit for 6 months to 120 months.
- You can book a recurring deposit with a minimum amount of ₹50.
- If you book a recurring deposit using internet banking, you can earn reward points.
Top 4 Benefits of Availing Shamrao Vithal Bank Recurring Deposit
Other than being a reliable fixed-income instrument, the following are some of the most essential benefits of the SVC Bank RD:
- These recurring deposits offer variable tenure options for booking.
- SVC Bank recurring deposits can be booked using internet banking without visiting bank branches.
- SVC Bank recurring deposit is a safe and predictable fixed-income instrument.
- Interest on recurring deposits is reinvested every quarter.
Eligibility Criteria to Avail Shamrao Vithal Bank Deposit Rates
You can open a recurring deposit account with Shamrao Vithal Bank if you fall under any of the following categories:
- Individuals (jointly or singly)
- Hindu Undivided Families (HUFs)
- Co-operative Societies
- Non-scheduled UCBs
- Registered Trusts, Associations, Clubs, Charitable/Religious Educational Institutions
- Minors below the age of 10 years under guardianship
- Non-resident Ordinary (NRO)
- Non-resident External (NRE)
- Minors above the age of 10 years in their name
- Proprietorship firm
- Partnership firm
- Companies and Commercial Organisations
- Municipality or Panchayats
- Government or Quasi-government
Documents Required to Avail Shamrao Vithal Bank Recurring Deposit Rates
- Application form (online or offline)
- Address proof
- ID proof (additional if required)
- PAN card
- Additional KYC documents, if required by the bank.
Final Words
SVC Bank’s Recurring Deposit is a trusted savings option that allows you to invest a fixed amount regularly and earn predictable, predetermined interest throughout the tenure. With flexible deposit terms, it is ideal for those who prefer disciplined savings without exposure to market fluctuations. Shamrao Vithal Bank recurring deposit rates help you earn predictable and predetermined interest.
Want to maximise your interest income from recurring deposits? You can book a high-yielding RD with Stable Money-partnered banks and get up to 8.30% interest per annum.
Download the Stable Money app now to book recurring deposits with DICGC insurance cover up to ₹5 lakh!
