RBL Bank Latest Fixed Deposit Interest Rates
Fixed Deposits
Attention of customers/public is invited on the changes in interest rates Fixed Deposits w.e.f. November 01, 2022
Interest Rate on Domestic, NRO, NRE & Flexi Fixed Deposits
| Deposits below Rs.2 crore | ||||
|---|---|---|---|---|
| Period of Deposit | Domestic & Flexi FD Interest Rates p.a. | Senior Citizen Interest Rates p.a. | NRE Interest Rates p.a. | NRO Interest Rates p.a. |
| 7 days to 14 days | 3.25% | 3.75% | NA | 3.25% |
| 15 days to 45 days | 3.75% | 4.25% | NA | 3.75% |
| 46 days to 90 days | 4.00% | 4.50% | NA | 4.00% |
| 91 days to 180 days | 4.50% | 5.00% | NA | 4.50% |
| 181 days to 240 days | 5.00% | 5.50% | NA | 5.00% |
| 241 days to 364 days | 5.25% | 5.75% | NA | 5.25% |
| 365 to 452 days (12 months to less than 15 months) | 6.50% | 7.00% | 6.50% | 6.50% |
| 453 to 459 days (15 months) | 7.00% | 7.50% | 7.00% | 7.00% |
| 460 to 724 days (15 months 1 day to less than 725 days) | 7.00% | 7.50% | 7.00% | 7.00% |
| 725 days | 7.25% | 7.75% | 7.25% | 7.25% |
| 726 days to less than 24 months | 7.00% | 7.50% | 7.00% | 7.00% |
| 24 months to less than 36 months | 6.75% | 7.25% | 6.75% | 6.75% |
| 36 months to 60 months 1 day | 6.55% | 7.05% | 6.55% | 6.55% |
| 60 months 2 Days to 240 months | 5.75% | 6.25% | 5.75% | 5.75% |
| Tax Savings Fixed Deposit (60 months) | 6.55% | 7.05% | NA | 6.55% |
Note:
- For Fixed Deposits equal to and above Rs. 2 Crore please contact concerned branch staff.
- Interest rates are subject to change from time to time. Deposit will be booked upon availability of clear funds with the bank at applicable interest rate as on the date of receipt of the funds by the bank.
- Interest earned on the Fixed Deposit will be subject to applicable Tax Deducted at Source as per Income Tax laws.
- The Fixed Deposit rate applicable for a monthly interest option will be discounted rate over the applicable rate.
- The maximum aggregate amount that can be invested in the Tax Savings Fixed Deposit (80C FD) under a single PAN is Rs. 150,000 and the same cannot be closed prematurely before expiry of the lock-in period of 5 years. Tax Savings Fixed Deposit is applicable for Domestic/NRO (Not Applicable for NRE Fixed Deposits).
- For Fixed Deposits with tenure below 181 days, interest will be calculated at maturity as simple interest.
- No deviation from the above rates will be permitted.
- The revised rates are applicable for fresh Fixed Deposits and renewal of old Fixed Deposits.
- On premature full/partial withdrawal of the Fixed Deposit, interest shall be paid at the rate that was applicable on the date the deposit was placed and for the period for which the deposit is maintained with the Bank, subject to a penalty of 1% on such rate. However, there is no penalty for premature withdrawal of Fixed Deposits by senior citizens/super senior citizens.
- Above rates are also applicable for NRO/NRE Fixed Deposits
- Minimum tenure for NRE Fixed Deposit is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.
- Minimum tenure for Domestic & NRO Fixed Deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit.
- Senior Citizens (60 years to less than 80 years) are eligible for additional interest rate of 0.50% p.a. and Super Senior Citizens (80 years and above) are eligible for additional interest rate of 0.75% p.a. Senior Citizens/Super Senior Citizens rates are not applicable on Non Resident Fixed Deposits (NRE/NRO).
- Please note that the interest rate applicable on multiple deposits, made by the same customer in one particular tenor bucket would be the rate which is applicable for the total value of such deposits.
- Tenures mentioned in months and days from 365 days to less than 24 months is simplification of TD booking for the customers however applicable rate shall be as per number of days only.
NRI Fixed Deposits (NRE & NRO)
Attention of customers/public is invited on the changes in interest rates Fixed Deposits w.e.f. November 01, 2022
Interest Rate on NRE & NRO Fixed Deposits
| Deposits below Rs.2 crore | |||
|---|---|---|---|
| Period of Deposit | NRE Interest Rates p.a. | NRO Interest Rates p.a. | |
| 7 days to 14 days | NA | 3.25% | |
| 15 days to 45 days | NA | 3.75% | |
| 46 days to 90 days | NA | 4.00% | |
| 91 days to 180 days | NA | 4.50% | |
| 181 days to 240 days | NA | 5.00% | |
| 241 days to 364 days | NA | 5.25% | |
| 365 to 452 days (12 months to less than 15 months) | 6.50% | 6.50% | |
| 453 to 459 days (15 months) | 7.00% | 7.00% | |
| 460 to 724 days (15 months 1 day to less than 725 days) | 7.00% | 7.00% | |
| 725 days | 7.25% | 7.25% | |
| 726 days to less than 24 months | 7.00% | 7.00% | |
| 24 months to less than 36 months | 6.75% | 6.75% | |
| 36 months to 60 months 1 day | 6.55% | 6.55% | |
| 60 months 2 Days to 240 months | 5.75% | 5.75% | |
| Tax savings Fixed Deposits(60 months) | NA | 6.55% | |
Note:
- For NRE/NRO Fixed Deposits equal to and above Rs. 2 Crore please contact concerned branch staff.
- Interest rates are subject to change from time to time. Deposit will be booked upon availability of clear funds with the bank at applicable interest rate as on the date of receipt of the funds by the bank.
- Interest earned on the NRO Fixed Deposit will be subject to applicable Tax Deducted at Source as per Income Tax laws.
- The Fixed Deposit rate applicable for a monthly interest option will be discounted rate over the applicable rate.
- The maximum aggregate amount that can be invested in the Tax Savings Fixed Deposit (80C FD) under a single PAN is Rs. 150,000 and the same cannot be closed prematurely before expiry of the lock-in period of 5 years. Tax Savings Fixed Deposit is applicable for NRO Deposits (Not Applicable for NRE Fixed Deposits).
- For Fixed Deposits (NRO) with tenure below 181 days, interest will be calculated at maturity as simple interest.
- No deviation from the above rates will be permitted.
- The revised rates are applicable for fresh Fixed Deposits and renewal of old Fixed Deposits.
- On premature full/partial withdrawal of the Fixed Deposit, interest shall be paid at the rate that was applicable on the date the deposit was placed and for the period for which the deposit is maintained with the Bank, subject to a penalty of 1% on such rate.
- Minimum tenure for NRE Fixed Deposit is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.
- Minimum tenure for NRO Fixed Deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit.
- Senior Citizens rate is not applicable on Non Resident Fixed Deposits.
- Please note that the interest rate applicable on multiple deposits, made by the same customer in one particular tenor bucket would be the rate which is applicable for the total value of such deposits.
- Tenures mentioned in months and days from 365 days to less than 24 months is simplification of TD booking for the customers however applicable rate shall be as per number of days only.