RBL Bank Revises Interest Rates On Fixed, Recurring & Saving Bank Deposits

The private sector lender RBL Bank has revised its interest rates on saving bank deposits, fixed deposits and recurring deposits. The new rates are effective as of 3rd February 2022, according to the official website of the bank.

RBL Bank Interest Rates On Fixed Deposits of Less Than Rs 3 Cr

With effect from February 3, 2022, the bank will give a 3.25 percent interest rate on deposits of less than Rs 3 crore maturing in 7 to 14 days. Deposits maturing in 15 days to 45 days and 46 days to 90 days will now return 3.75 percent and 4.00 percent interest, respectively.

On fixed deposits maturing in 91 days to 180 days and 181 days to 240 days, RBL Bank is now providing interest rates of 4.50 percent and 5.00 percent. Term deposits maturing in 241 days to 364 days, and 12 months to less than 24 months, will now offer 5.25 percent and 6.25 percent, respectively.

On term deposits maturing in 24 months to less than 36 months and 36 months to 60 months 1 day, RBL Bank is now giving 6.50 percent and 6.30 percent interest rates, respectively. The general public will now receive a 5.75 percent interest rate on fixed deposits maturing in 60 months 2 days to 240 months. RBL Bank is currently giving a 6.30 percent interest rate on tax-saving deposits of less than Rs 1.5 lakh maturing in 60 months.

Senior citizens will continue to get an additional rate of 0.50% across all tenors on their fixed deposits. These interest rates are applicable on Domestic, NRO, NRE & Flexi fixed deposits.

Tenure	Regular Interest 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	6.25%	6.75%
24 months to less than 36 months	6.50%	7.00%
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%
Tax Savings Fixed Deposit (60 months)	6.30%	6.80%
Source: Bank Website. W.e.f. February 03, 2022

RBL Bank Recurring Deposit Interest Rates

RBL Bank is providing the following interest rates on recurring deposits of less than Rs 3 crore, effective February 3, 2022. Domestic, NRO, and NRE deposits are all eligible for these rates.

Tenure	Regular Interest 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	6.25%	6.75%
24 months to less than 36 months	6.50%	7.00%
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. February 03, 2022

RBL Bank Savings Account Interest Rates

RBL Bank is offering the following interest rates on domestic savings deposits, including NRE/NRO savings, as of February 3, 2022.

Daily balance	Rate of Interest (p.a.) effective till February 02, 2022	Rate of Interest (p.a.) w.e.f. February 03, 2022
Upto Rs. 1 lakh	4.25%	4.25%
Above Rs. 1 lakh upto Rs. 10 lakh	5.50%	5.50%
Above Rs. 10 lakh and upto Rs. 3 Crore	6.00%	6.25%
Above Rs. 3 Crore upto Rs. 5 Crore	6.00%	6.25%
Source: Bank Website