New Delhi: RBL Bank FD rates have been revised recently and savings accounts interest rates were also updated, with effect from July 29, 2024, and July 1, 2024, respectively. This revision aims to offer competitive returns to its customers amid a dynamic financial environment, the lender said.
RBL revised FD rates
For fixed deposits, RBL Bank now offers its highest interest rate of 8.10 per cent on deposits with a tenure of 500 days. Senior citizens benefit from an additional 0.50 per cent, bringing the effective FD rate to 8.60 per cent. For super senior citizens aged 80 years and above, the interest rate further increases by 0.75 per cent, reaching an attractive 8.85 per cent. The bank rewards older customers with higher returns.
The revised FD rates are structured as follows:
Deposits below INR 3 crore
Period of Deposit
Domestic & Flexi FD Interest Rates p.a.
Senior Citizen Interest Rates p.a.
7 days to 14 days
3.50%
4.00%
15 days to 45 days
4.00%
4.50%
46 days to 90 days
4.50%
5.00%
91 days to 180 days
4.75%
5.25%
181 days to 240 days
5.50%
6.00%
241 days to 364 days
6.05%
6.55%
365 days to 452 days (12 months to less than 15 months)
7.50%
8.00%
453 days to 499 days (15 months to 16 months 14 days)
7.80%
8.30%
500 days
8.10%
8.60%
501 days to 545 days (16 months 16 days to less than 18 months)
7.80%
8.30%
546 days to 24 months (18 months to 24 months)
8.00%
8.50%
24 months 1 day to 36 months
7.50%
8.00%
36 months 1 day to 60 months 1 day
7.10%
7.60%
60 months 2 days to 120 months
7.00%
7.50%
Tax Savings Fixed Deposits (60 months)
7.10%
7.60%
RBL revised savings ban rates
In addition to FDs, RBL Bank has also updated its savings account interest rates for a balance exceeding Rs 1 lakh, the rates range from 3.75 per cent to 7.75 per cent:
Daily balance
Rate of Interest (p.a.) Effective from
July 01, 2024
Upto INR 1 lakh
3.75%
Above INR 1 lakh upto INR 10 lakh*
5.50%
Above INR 10 lakh upto INR 25 lakh*
6.00%
Above INR 25 lakh and upto INR 2 Crore*
7.50%
Above INR 2 Crore and upto INR 3 Crore*
7.00%
Above INR 3 Crore upto INR 7.5 Crore*
6.50%
Above INR 7.5 Crore upto INR 25 Crore*
6.25%
Above INR 25 Crore upto INR 50 Crore*
6.25%
Above INR 50 Crore upto INR 75 Crore*
5.25%
Above INR 75 Crore upto INR 100 Crore*
7.75%
Above INR 100 Crore upto INR 125 Crore*
7.75%
Above INR 125 Crore upto INR 200 Crore*
6.00%
Above INR 200 Crore upto INR 400 Crore*
4.00%
Above INR 400 Crore*
6.75%
RBL Bank FD rates: The private bank has revised its FD rates up to 8.60% on certain tenures, effective July 29, 2024. Check revised RBL savings account interest rates. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
