Slice Small Finance Bank RD Interest Rates

What is Slice Small Finance Bank Recurring Deposit?

A Slice Small Finance Bank recurring deposit lets you save a fixed amount every month, starting from just ₹100. You can choose a tenure from 7 days up to 120 months, based on your savings plan. Interest is calculated based on tenure and increases steadily over time through compounding. You can also use an RD calculator to get a clear idea of your maturity amount. If you pay instalments on time, your savings grow steadily. If there are delays, the bank may apply penalties or adjust the interest as per its rules.

Slice Small Finance Bank RD Interest Rates

The following table highlights the current RD interest rates offered for deposits up to ₹2 crore:

*Slice Small Finance Bank RD Interest Rates w.e.f. September 17, 2025

Key Features of Slice Small Finance Bank RD

Recurring deposits at Slice Small Finance Bank contain a variety of features which facilitate systematic savings:

• Standing Instruction Facility: This option will automatically debit your instalment payment to your savings account. This will assist you in remaining steady and not defaulting on payments.
• Loan Against RD: Slice Small Finance Bank loan against RD helps you borrow up to 90% of your RD without closing your deposit. This makes it easier to address emergency needs as your savings grow.
• Extra Interest for Senior Citizens: Senior citizens receive an additional 0.50% interest on top of the standard RD interest rate. This is beneficial in enhancing returns during the deposit period.
• Premature Withdrawal Facility: Slice Small Finance Bank RD premature withdrawal allows you to close your deposit before maturity if needed. A fine of about 1% of the interest payable may be imposed. This can bring a slight decrease in your total returns.

How to Open a Slice Small Finance Bank RD

A recurring deposit can be opened online or offline with minimum documentation.

Online Method

To open a Slice Small Finance Bank RD online, you need to complete just a few very easy steps carefully:

• Log in to Your Account: Access your Slice mobile app or internet banking using your login details.
• Go to the Deposits Section: Select the Deposits or Savings section to get RD options.
• Click on the Deposits Section: Click on the Deposits or Savings section to get RD options.
• Select Recurring Deposit Option: Select the option to open a new recurring deposit account.
• Complete Deposit Details: Complete the monthly instalment and select the tenure that you want.
• Select Linked Account: Select the savings account where the instalments will be charged.
• Check and Countercheck: If everything is all right, place your request.

Offline Method

You can open a Slice Small Finance Bank RD by visiting the branch and following these steps:

• Visit the closest branch: Visit a Slice Small Finance Bank branch and ask them to give you an RD application form.
• Collect the Application Form: Ask the bank staff for the recurring deposit form and basic details.
• Fill the Application Form: Provide your personal details along with the deposit amount and tenure.
• Submit KYC Documents: Submit valid identity and address proof as required.
• Choose Instalment Details: Select your monthly instalment amount and deposit tenure.
• Deposit First Instalment: Pay the first instalment to activate your RD account.

Eligibility Criteria for Slice Small Finance Bank RD

To open an RD account, you have the following minimum requirements:

• Age Requirement: No strict age requirement. The minors are allowed to open an account with the assistance of a guardian.
• Eligibility: RD accounts can be opened by individuals, joint account holders, minors under guardianship, firms and institutions.
• KYC Documentation: You must submit genuine identity documents, address documents and PAN documents as required by the bank.
• Bank Account Requirement: You need to have a Slice Small Finance savings account where monthly instalment deductions are made.

Key Takeaways

Slice Small Finance Bank's recurrent deposits represent a simple way of saving money through periodic payments. You need to start with ₹100 and choose a tenure of 7 days to 120 months, depending on your financial needs. Depending on the tenure, the RD interest rates vary between 4.50% to 7.50% p.a per annum on general citizens and 4.75% to 7.50% per annum on senior citizens. Consider Slice Bank FD interest rates if you want guaranteed returns from a one-time investment.