RBL Bank Revised Savings Account Interest Rates, Effective From April 5, 2023

RBL Bank, a private sector lender, has announced the revision in its savings account interest rates. Following the announcement, RBL Bank will continue to offer savings account holders a maximum interest rate of 7%. The savings account's revised interest rates will be effective from April 05, 2023, according to the RBL Bank's official website.

The bank continues to offer an interest rate of up to 4.25% on daily balances upto Rs 1 lakh, 5.50% on daily balances above Rs 1 lakh upto Rs 10 lakh, and 6% on daily balances above Rs 10 lakh upto 25 crores.

The bank has reduced the interest rate from 7% to 6.25% on the daily balance above Rs 7.5 crore and up to Rs 25 crore. Customers will get the highest 7% interest rate on the daily balance above Rs 25 lakh upto Rs 7.5 crore.

The customers will continue to get the previous interest rates on the daily balance above Rs 25 crore up to Rs 400 crore.

Interest rates on Savings Deposit (including NRE/NRO Savings)

Daily balance	Rate of Interest (p.a.) effective till April 04, 2023	Rate of Interest (p.a.) w.e.f. April 05, 2023
Upto Rs. 1 lakh	4.25%	4.25%
Above Rs. 1 lakh upto Rs. 10 lakh*	5.50%	5.50%
Above Rs. 10 lakh upto Rs. 25 lakh*	6.00%	6.00%
Above Rs. 25 lakh and upto Rs. 7.5 Crore*	7.00%	7.00%
Above Rs. 7.5 Crore and upto Rs. 25 Crore*	7.00%	6.25%
Above Rs. 25 Crore upto Rs. 50 Crore*	6.25%	6.25%
Above Rs. 50 Crore upto Rs. 100 Crore*	5.25%	5.25%
Above Rs. 100 Crore upto Rs. 200 Crore*	6.00%	6.00%
Above Rs. 200 Crore upto Rs. 400 Crore*	4.00%	4.00%
Above Rs. 400 Crore*	5.25%	5.25%

Source - rblbank.com