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RBL Bank Revises Interest Rates On Savings Account: Now Get Up To 6%


RBL Bank, one of India's leading private sector banks has revised its interest rates on savings accounts. According to the bank's official website, the new rates are in force from December 1, 2021, and savings account holders will now be eligible for interest rates of up to 6%. Apart from higher interest rates, RBL Bank provides a variety of benefits to its savings account customers, which include online banking, a virtual debit card for online shopping, bill payments, and more, 24*7 fund transfer facility via UPI, NEFT, IMPS, RTGS, no charges for non-maintenance of balances, and much more.

RBL Bank Revises Interest Rates On Savings Account: Now Get Up To 6%

RBL Bank Savings Account Interest Rates

With effect from December 1, 2021, the following interest rates on Savings Deposits (including NRE/NRO Savings) are in force.

Daily BalanceRate of Interest (p.a.) effective till November 30, 2021Rate of Interest (p.a.) w.e.f. December 01, 2021
Upto Rs. 1 lakh4.25%4.25%
Above Rs. 1 lakh upto Rs. 10 lakh5.75%5.50%
Above Rs. 10 lakh and upto Rs. 3 Crore6.00%6.00%
Above Rs. 3 Crore upto Rs. 5 Crore6.00%6.00%
Source: Bank Website

RBL Bank Current Account & Saving Account Charges

The following changes to the Schedule of Charges for RBL Bank Savings Accounts (SA) and Current Accounts (CA) are in force from July 1, 2021.

Sr NoType Of ChargesAccount TypePresent StructureProposed Structure
1Average Monthly BalanceSpecial Institutions Account - Current and SavingsRs. 10,000Rs. 50,000
2Non-Maintenance ChargesSpecial Institutions Account - SavingsIf Balance maintained is >50% then 5% of balance shortfallIf Balance maintained is >50% then 5% of balance shortfall
If Balance maintained is If Balance maintained is
Maximum Rs. 500 per monthMaximum Rs. 750 per month
3Non-Maintenance ChargesSpecial Institutions Account - CurrentIf AMB is If AMB is
Balance If AMB is > 50% - Rs.100If AMB is > 50% - Rs 500
All charges are exclusive of GST. Source: Bank Website

Story first published: Friday, December 3, 2021, 13:02 [IST]
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