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 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 Balance	Rate of Interest (p.a.) effective till November 30, 2021	Rate of Interest (p.a.) w.e.f. December 01, 2021
Upto Rs. 1 lakh	4.25%	4.25%
Above Rs. 1 lakh upto Rs. 10 lakh	5.75%	5.50%
Above Rs. 10 lakh and upto Rs. 3 Crore	6.00%	6.00%
Above Rs. 3 Crore upto Rs. 5 Crore	6.00%	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 No	Type Of Charges	Account Type	Present Structure	Proposed Structure
1	Average Monthly Balance	Special Institutions Account - Current and Savings	Rs. 10,000	Rs. 50,000
2	Non-Maintenance Charges	Special Institutions Account - Savings	If Balance maintained is >50% then 5% of balance shortfall	If Balance maintained is >50% then 5% of balance shortfall
			If Balance maintained is	If Balance maintained is
			Maximum Rs. 500 per month	Maximum Rs. 750 per month
3	Non-Maintenance Charges	Special Institutions Account - Current	If AMB is	If AMB is
			Balance If AMB is > 50% - Rs.100	If AMB is > 50% - Rs 500
All charges are exclusive of GST. Source: Bank Website