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SBI Annuity Scheme vs SBI FD vs SBI RD: A Comparison For Good Returns


Steps to update email id with SBI savings account online

  • Visit www.onlinesbi.com and sign in to your net banking account using the required credentials.
  • Click on the 'Profile-Personal Details-Change email ID' option and go to the 'My Accounts' section on the left panel of the page.
  • Now select your savings account number, enter your email id and click on 'Submit'
  • Using the OTP sent to your registered mobile number, changes to an email address can be done successfully.
  • Profile' section, click on 'Edit'
  • Now enter your Email-ID and generate an OTP
  • Authenticate the OTP you received on your registered mobile number by entering it in the required space.
  • Click on 'Submit' and you are done

Steps to update email id with SBI savings account offline

Optionally, you can also go to your nearest SBI bank branch to change the email-ID in your savings account. Follow the steps below for the same:

  • Visit your nearest SBI bank branch and fill in the 'Letter of Request'
  • Submit the letter and the updation will be done successfully upon effective verification.
  • You will get a notification regarding the same on your revised email ID.

Steps to update email id with SBI savings account via mobile banking

SBI savings account holders can also change their email-ID through SBI mobile app. The below-listed steps are for the same:

The largest lender in India, SBI has instructed its customers to link their current mobile number and email ID to their savings account. By doing this SBI savings account holders can not only confirm when their bank account is illegitimate but also maintain a record of all the transactions that have been undertaken by them. And also, on the registered mobile number itself, they get all OTP, PIN activation notifications. Even, you can not withdraw more than 10,000 from your SBI account if you have not updated the bank with your correct mobile number. In order to update mobile number and email-id with his or her SBI savings account, an account holder can make use of online banking, mobile banking or can directly visit his or her nearest SBI bank branch. Go through the below-covered procedures for the same.

How To Update Mobile Number & Email ID With Your SBI Savings Account?

The largest lender in India, SBI has instructed its customers to link their current mobile number and email ID to their savings account. By doing this SBI savings account holders can not only confirm when their bank account is illegitimate but also maintain a record of all the transactions that have been undertaken by them. And also, on the registered mobile number itself, they get all OTP, PIN activation notifications. Even, you can not withdraw more than 10,000 from your SBI account if you have not updated the bank with your correct mobile number. In order to update mobile number and email-id with his or her SBI savings account, an account holder can make use of online banking, mobile banking or can directly visit his or her nearest SBI bank branch. Go through the below-covered procedures for the same.

Steps to update email id with SBI savings account online

  • Visit www.onlinesbi.com and sign in to your net banking account using the required credentials.
  • Click on the 'Profile-Personal Details-Change email ID' option and go to the 'My Accounts' section on the left panel of the page.
  • Now select your savings account number, enter your email id and click on 'Submit'
  • Using the OTP sent to your registered mobile number, changes to an email address can be done successfully.

Steps to update email id with SBI savings account offline

Optionally, you can also go to your nearest SBI bank branch to change the email-ID in your savings account. Follow the steps below for the same:

  • Visit your nearest SBI bank branch and fill in the 'Letter of Request'
  • Submit the letter and the updation will be done successfully upon effective verification.
  • You will get a notification regarding the same on your revised email ID.

Steps to update email id with SBI savings account via mobile banking

SBI savings account holders can also change their email-ID through SBI mobile app. The below-listed steps are for the same:


  • Login to SBI mobile app and under the 'My Profile' section, click on 'Edit'
  • Now enter your Email-ID and generate an OTP
  • Authenticate the OTP you received on your registered mobile number by entering it in the required space.
  • Click on 'Submit' and you are done.
State Bank of India (SBI) provides an annuity deposit scheme in which, after depositing a lump sum amount, customers can receive a fixed amount every month. A fixed amount is offered to the account holder in equated monthly instalments (EMIs) and as per SBI the EMIs contain both a part of the principal amount and interest on the declining of the principal amount, compounded on a quarterly basis and adjusted on a monthly basis. Thus, along with interest, the deposits made by the customers are returned to them in the form of a monthly installment.

Steps to update email-ID with SBI savings account via SBI YONO app

By using the SBI YONO mobile application, you can also update or register your email ID with your SBI account. Follow the below-listed steps for the same:

  • Open the SBI YONO app and sign in to your account
  • Tap on 'Service Request' and head to the 'Profile' section
  • Now tap on the 'Edit' icon to change your email-ID
  • Enter your new email ID and tap on 'Submit'

Steps to update your mobile number with SBI savings account online

  • Sign in to your SBI internet banking account and head to the 'My Accounts & Profile' section.
  • Click on 'Profile' and select 'Personal Details/Mobile'
  • Now click on 'Quick Contact' and then click on 'Edit'
  • Now you will get an OTP on your old registered mobile number.
  • Verify the OTP and click on 'Submit'

Steps to update your mobile number with SBI savings account via mobile banking

  • Login to SBI mobile app and under the 'Menu' tab head to the 'My Profile' section.
  • Click on 'Edit' and enter your new mobile number
  • You will now receive an OTP on your old registered mobile number.
  • Verify the OTP and click on 'Submit'

Steps to update your mobile number with SBI savings account offline

  • Visit your nearest SBI bank branch fill in the required application form
  • Along with the application form you need to submit the required KYC documents to the bank.
  • Upon effective authentication, your mobile number or email-ID will be successfully updated.

SBI Annuity Deposit vs SBI RD: Know the key difference

The customer performs installment payments and receives the maturity amount in the Recurring Deposit Account at the maturity. A one-time deposit and that balance plus interest on the declining principal are returned to the customer in installments under the SBI annuity deposit over the tenor preferred by the customer.

SBI Annuity Deposit Scheme vs SBI FD: Know the key difference

SBI Annuity Deposit Scheme vs SBI FD: Know the key difference

In the case of STDR, the customer makes a one-time payment and receives the maturity balance at the maturity date, which includes principal and interest, and principal only in the case of TDR, as interest is paid annually on the SBI FD account. The SBI annuity deposit allows a one-time deposit and the balance is returned in EMIs to the customer over the tenor chosen by him/her, along with interest.

Interest rates comparison

At present, SBI offers an interest rate of 2.9 per cent to 5.40 per cent on deposits maturing in 7 days to 10 years. The interest rates applied to the SBI annuity scheme is similar to that of the SBI FD which are in effect from January 8, 2021.

SBI RD Rates

TenureROI for non-senior citizensROI for senior citizens
1 year to 1 year 364 days5.00%5.50%
2 years to less than 3 years5.10%5.60%
3 years to less than 5 years5.30%5.80%
5 years and up to 10 years5.40%6.20%
TenureROI for non-senior citizensROI for senior citizens
7 days to 45 days2.90%3.40%
46 days to 179 days3.90%4.40%
180 days to 210 days4.40%4.90%
211 days to less than 1 year4.40%4.90%
1 year to less than 2 year5%5.50%
2 years to less than 3 years5.10%5.60%
3 years to less than 5 years5.30%5.80%
5 years and up to 10 years5.40%6.20%

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