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RBL Bank Revises Fixed Deposit Interest Rates: Check The Latest Rates Here
RBL Bank provides a variety of Fixed Deposit options to regular citizens and senior citizens, with terms ranging from 7 days to 20 years. For deposits with a maturity period of 7 days to 20 years, FD interest rates vary from 3.5 percent per annum to 6.60 percent per annum. RBL Bank also provides tax-saving FDs with a 5 to 10 year lock-in term. RBL Bank has updated its FD interest rates today, and thus is effective from April 12, 2021.
RBL Bank FD Rates
After the revision, RBL Bank offers 3.25 percent on deposits maturing in 7-14 days, 4.00 percent on deposits maturing in 15-45 days, and 4.50 percent on deposits maturing in 46-90 days. 5.00 percent interest is provided on FDs maturing in 91 days to 180 days, and 5.25 percent interest is provided on deposits maturing in 180 days to 240 days. RBL Bank offers a 5.50 percent interest rate on deposits maturing between 241 and 364 days. RBL Bank offers 6.25 percent interest on long-term deposits for a term of two years or less than three years. RBL Bank pays a 6.40 percent interest rate on FDs maturing in three to five years. On FDs maturing in 60 months to less than 120 months and 120 months to 240 months the bank is currently providing 6.00 interest rate. RBL Bank offers additional rates of 0.50 per cent higher than the rates provided to the general customers. After the update, senior citizens will now get interest rates ranging from 3.75% to 7.10% respectively.
| Tenure | Interest rates for general public p.a. | Interest rates for senior citizens p.a. |
|---|---|---|
| 7 days to 14 days | 3.25% | 3.75% |
| 15 days to 45 days | 4.00% | 4.50% |
| 46 days to 90 days | 4.50% | 5.00% |
| 91 days to 180 days | 5.00% | 5.50% |
| 181 days to 240 days | 5.25% | 5.75% |
| 241 days to 364 days | 5.50% | 6.00% |
| 12 months to less than 24 months | 6.25% | 6.75% |
| 24 months to less than 36 months | 6.25% | 6.75% |
| 36 months to less than 60 months | 6.40% | 6.90% |
| 60 months to 60 months 1 day | 6.60% | 7.10% |
| 60 months 2 days to less than 120 months | 6.00% | 6.50% |
| 120 months to 240 months | 6.00% | 6.50% |
| Tax Savings Fixed Deposit (60 months) | 6.60% | 7.10% |
| W.e.f. April 12, 2021 the above rates are applicable for deposits up to Rs 3 Cr. Source: Bank's Website |
Interest rates on maturities across different tenures have also recently been updated by top small finance banks such as AU Small Finance Bank and Jana Small Finance Bank.
