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RBL Bank Revises Interest Rates On Fixed Deposit: Check Latest Rates Here

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RBL Bank, a leading private sector bank of India provides its customers with fixed deposit (FD) options that have attractive interest rates and amazing benefits. The bank offers a range of fixed deposit schemes such as Regular Fixed Deposits, Tax Savings Fixed Deposits, Senior Citizen Fixed Deposits, Recurring Fixed Deposits, and Flexi-Sure Fixed Deposits. With the convenience of opening a fixed deposit account online, RBL Bank also offers monthly or quarterly options for interest payout, flexible deposit tenure ranging from 7 days to 10 years, availability of nomination facility and premature or partial withdrawal, overdraft facility additional interest rates to senior citizens and much more. The bank today has revised interest rates on its fixed deposits of up to an amount of Rs 3 Cr which are as follows.

RBL Bank Regular Fixed Deposits Interest Rates
 

RBL Bank Regular Fixed Deposits Interest Rates

RBL Bank offers 3.25 percent on deposits maturing in 7 to 14 days, 3.75 percent on deposits maturing in 15 to 45 days, and 4.00 percent on deposits maturing in 46 to 90 days. Term deposits maturing in 91 days to 180 days will return you 4.50 percent interest, while those maturing in 181 days to 240 days would bring you 5.00 percent. RBL Bank currently offers a 5.25 percent interest rate on deposits maturing in 241 and 364 days.

For FDs maturing in 12 months to less than 36 months, the bank offers an interest rate of 6.00% whereas deposits maturing in 36 months to less than 60 months 1 day will offer an interest rate of 6.30%. Regular customers will get an interest rate of 5.75% on their deposits maturing in 60 months 2 days to less than 240 months. On tax-saving fixed deposits of 60 months (lock-in period), the general public will now get an interest rate of 6.30% on their deposits up to Rs 3 Cr after the most recent revision of the bank on interest rates.

Period of depositInterest Rates p.a.
7 days to 14 days 3.25%
15 days to 45 days 3.75%
46 days to 90 days 4.00%
91 days to 180 days 4.50%
181 days to 240 days 5.00%
241 days to 364 days 5.25%
12 months to less than 24 months 6.00%
24 months to less than 36 months 6.00%
36 months to less than 60 months 6.30%
60 months to 60 months 1 day 6.30%
60 months 2 days to less than 120 months 5.75%
120 months to 240 months 5.75%
Tax Savings Fixed Deposit (60 months) 6.30%
Source: Bank Website, W.e.f. September 01, 2021

RBL Bank Fixed Deposit Interest Rates For Senior Citizens

RBL Bank Fixed Deposit Interest Rates For Senior Citizens

Resident senior citizens who are 60 years and above will continue to get an additional interest rate of 0.5% p.a on their deposits. With effect from 01 September 2021, senior citizens will get the following interest rates on their deposits of less than Rs 3 Cr.

Period of depositInterest Rates p.a.
7 days to 14 days 3.75%
15 days to 45 days 4.25%
46 days to 90 days 4.50%
91 days to 180 days 5.00%
181 days to 240 days 5.50%
241 days to 364 days 5.75%
12 months to less than 24 months 6.50%
24 months to less than 36 months 6.50%
36 months to less than 60 months 6.80%
60 months to 60 months 1 day 6.80%
60 months 2 days to less than 120 months 6.25%
120 months to 240 months 6.25%
Tax Savings Fixed Deposit (60 months) 6.80%
Source: Bank Website, W.e.f. September 01, 2021

RBL Bank Recurring Fixed Deposits Interest Rates

RBL Bank Recurring Fixed Deposits Interest Rates

For a deposit amount of less than Rs 3 Cr, both regular and senior citizens will get the following interest rates on their recurring deposits which are in force from September 01, 2021.

Period of depositInterest Rates p.a.Senior Citizen Interest Rates p.a.
7 days to 14 days 3.25% 3.75%
15 days to 45 days 3.75% 4.25%
46 days to 90 days 4.00% 4.50%
91 days to 180 days 4.50% 5.00%
181 days to 240 days 5.00% 5.50%
241 days to 364 days 5.25% 5.75%
12 months to less than 24 months 6.00% 6.50%
24 months to less than 36 months 6.00% 6.50%
36 months to less than 60 months 6.30% 6.80%
60 months to 60 months 1 day 6.30% 6.80%
60 months 2 days to less than 120 months 5.75% 6.25%
120 months to 240 months 5.75% 6.25%
Source: Bank Website, W.e.f. September 01, 2021

 

Read more about: fd fixed deposit investment rbl bank
Story first published: Wednesday, September 1, 2021, 8:25 [IST]
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