RBL Bank FD Rates

Over the years, Ratnakar Bank Limited (RBL) has established itself as one of the leading banks in the private sector. A key investment product offered by the bank is Fixed Deposits. RBL FD rates lie between 3.25% p.a. to 6.50% p.a. for deposits up to Rs.3 crore. This rate is applicable for a maturity period between 7 days and 20 years. Senior citizens are offered an additional rate of 0.50%.

RBL Domestic Fixed Deposit Rates: Up to Rs.3 crore

This table has the RBL Fixed Deposit interest rates* for deposits up to Rs.3 crore.

Period of Deposit 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 5.40% 5.90%
12 months to less than 24 months 6.10% 6.60%
24 months to less than 36 months 6.10% 6.60%
36 months to less than 60 months 6.30% 6.80%
60 months to 60 months 1 day 6.50% 7.00%
60 months 2 days to less than 120 months 6.00% 6.50%
120 months to 240 months 6.00% 6.50%
Tax Savings Fixed Deposit (60 months) 6.50% 7.00%

RBL Tax Saving FD Rates

Period of Deposit Interest Rates p.a. Senior Citizen Interest Rates p.a.
Tax Savings Fixed Deposit (60 months) 6.50% 7.00%

Types of RBL Non-Resident Indian (NRI) Deposits

  • Non-Resident External (NRE) deposit scheme
  • Non-Resident Ordinary (NRO) FD scheme
  • Foreign Currency Non-Resident (Bank) Deposit (FCNR (B))

RBL NRO Fixed Deposit Rates: Up to Rs.3 crore

This table has the RBL NRO Fixed Deposit interest rates* for deposits up to Rs.3 crore.

Period of Deposit 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 5.40% 5.90%
12 months to less than 24 months 6.10% 6.60%
24 months to less than 36 months 6.10% 6.60%
36 months to less than 60 months 6.30% 6.80%
60 months to 60 months 1 day 6.50% 7.00%
60 months 2 days to less than 120 months 6.00% 6.50%
120 months to 240 months 6.00% 6.50%
Tax Savings Fixed Deposit (60 months) 6.50% 7.00%

*The RBL FD Rates tend to vary as per the discretion of the bank. The interest rates given here are valid as of 01 July 2021.

RBL NRE Fixed Deposit Rates: Up to Rs.3 crore - General Public

This table has the RBL NRE Fixed Deposit interest rates* for deposits less than Rs.3 crore.

Tenure bracket Regular FD rates (per annum)
12 months to 24 months 6.10%
24 months to less than 36 months 6.10%
36 months to 60 days 6.30%
60 months to less than 120 months 6.00%
120 months to 240 months 6.00%

*The RBL FD Rates tend to vary as per the discretion of the bank. The interest rates given here are valid as of 01 July 2021.

RBL NRE Fixed Deposit Rates: Up to Rs.3 crore - Senior Citizen

This table has the RBL NRE Fixed Deposit interest rates* for deposits less than Rs.3 crore.

Tenure bracket Senior Citizen FD rates (per annum)
Tenure bracket Senior Citizen FD rates (per annum)
12 months to 24 months 6.60%
24 months to less than 36 months 6.60%
36 months to 60 days 6.80%
60 months to less than 120 months 6.50%
120 months to 240 months 6.50%

*The RBL FD Rates tend to vary as per the discretion of the bank. The interest rates given here are valid as of 01 July 2021.

RBL FCNR (B) Deposit Rates

The following table lists out the RBL FCNR (B) Fixed Deposit rates* corresponding to each foreign currency**:

FCNR (B) FD Rates (% per annum)
Tenure EUR CAD USD JPY CHF SGD AUD GBP
1 year and above but less than 2 years 0.05 1.40 1.95 0.05 0.05 1.30 1.15 1.25
2 years and above but less than 3 years 0.05 1.75 2.00 0.05 0.05 1.40 1.15 1.30
3 years and above but less than 4 years 0.05 1.90 2.50 0.05 0.05 1.45 1.25 1.30
4 years and above but less than 5 years 0.05 2.00 2.60 0.05 0.05 1.50 1.45 1.40
5 years 0.05 2.05 2.80 0.05 0.05 1.55 1.55 1.40

*The RBL NRE FD interest rates tend to vary as per the discretion of the bank. The interest rates given here are valid as of 1 July 2021.

**EUR- Euro, CAD- Canadian Dollar, USD- US Dollar, JPY- Japanese Yen, CHF- Swiss Franc, SGD- Singapore Dollar, AUD- Australian Dollar, and GBP- Pound Sterling.

Features & Benefits of RBL Bank Fixed Deposits

Some of the features and benefits of RBL Bank Fixed Deposits are:

  • Tenure ranging between 7 days and 20 years.
  • Easy process to open an RBL FD account.
  • Easy investment with attractive returns guaranteed.
  • Choose the option of receiving interest on a monthly or quarterly basis. You can keep your deposit invested till its maturity.
  • Premature or partial withdrawal facility allowed.
  • You can open an RBL FD account online as well.

Eligibility criteria and Documents Required

Eligibility

  • Should be a resident of India.
  • Should have a bank account with RBL.

Documents required

  • Identity proof
  • Address proof
  • Details of your bank account
  • 2 passport size photos
  • PAN Card

Types of RBL Bank Fixed Deposit Schemes

RBL Bank Loan Against FD

You can avail up to 90% of the deposit amount as loan against FD.

Nomination Facility on RBL Bank FD

Nomination facility is available.

FAQs on RBL Bank Fixed Deposit Rates

  1. What is the highest fixed deposit interest rate for RBL Bank?

    Highest fd interest rate offered is 6.50% p.a. for tenure between 60 months and 60 months and 1 day.

  2. What are the current RBL Bank FD interest rates 2021?

    The current interest rate offered by RBL ranges between 3.25% p.a. and 6.50% p.a.

  3. Is there any minimum amount that I have to give for opening a Fixed Deposit with RBL Bank?

    You can open an FD account by depositing a minimum amount of Rs.1,000.

  4. Is it possible to change the tenure of my existing fixed deposit account with RBL Bank?

    No, you cannot change the tenure of your existing FD account with RBL account.

  5. Can a customer open an FD account online in RBL Bank?

    Yes, you can open an RBL Bank FD account online.

  6. In how many years FD will double in RBL Bank?

    The maturity amount you will receive will depend on factors such as the deposit amount and the tenure chosen by you.

News About RBL Bank FD Rates

  • RBL Bank revises FD rates

    RBL Bank has revised its term deposit rates. The bank which offers different fixed deposit schemes offer attractive rates and amazing benefits. In addition to that, RBL Bank offers monthly or quarterly options for interest payout. A FD account with the lender can be opened for a period that ranges between 7 days to 10 years. Following the revision in the rates, interest of 3.25 percent per annum was offered on deposits opened for a tenure maturing in 7 to 14 days while those maturing in 14 to 45 days attract interest of 3.75 percent per annum. Deposits which have a tenure of 46 days to 90 days and 91 to 180 days attract interest of 4 and 4.50 percent per annum respectively.

    RBL bank offers interest of 5 and 5.25 percent per annum on deposits which are opened for a period that ranges between 181 to 240 days and 241 days to less than one year. Term deposits having a tenure between 1 year and less than 3 years attract 6 percent per annum as interest while those having a tenure between 3 and 5 years 1 day attract 6.30 percent annually. The rate of interest offered on deposits having a tenure between 5 years 2 days and 10 years stood at 5.75 percent per annum. Senior citizens will continue to get an additional interest rate of 0.50 percent on their deposits. The new rates are effective 1 September 2021.

    01 September 2021

  • FD interest rates revised by RBL Bank

    RBL Bank offers its customers a fixed deposit account for regular and senior citizens ranging from a period of 7 days to 20 years. The bank had recently revised its fixed deposit interest rates for various tenures.

    The interest rate for deposits maturing in 7-14 days will be 3.25% and 4.00% for the deposits ranging between 15 and 45 days. For the FDs maturing between 46 and 90 days, the interest rate offered is 4.50%.

    RBL Bank will now be offering an interest rate of 5.00% for the fixed deposits maturing between 91 days to less than 3 months. The rate of interest will be 5.25% for the deposits which will be maturing between 180 days and 24 days. An additional 25 bps will be given for the deposits maturing between 241 days to less than 1 year at 5.50%.

    For the fixed deposits maturing between 2 years to less than 3 years, the rate of interest applicable will be 6.25% and 6.40% for the FDs maturing between 3 years to 5 years. For senior citizens, the interest rate offered will be 0.50% higher than regular citizens.

    13 April 2021

  • Fixed Deposits interest rates revised by RBL Bank

    Various Fixed Deposit (FD) options over a fixed duration are offered by RBL Bank. The maturity period ranges from 7 days to 20 years and the rate of interest varies from 5% p.a. to 7.75% p.a. Tax-savings FDs are offered by RBL Bank as well. However, these FDs come with a lock-in period of 5 years and 10 years, respectively.

    Under Section 80C of the Income Tax Act, tax deductions can be claimed for a 5-year FD term. With effect from 13 August 2019, RBL Bank revised the FD interest rates. RBL Bank offers FD interest rates of 5.00%, 5.75%, and 6.50% for deposits that mature in 7-14 days, 15-45 days, and 46-90 days, respectively. FDs that mature in 91-180 days, 181-240 days, and 241-364 days fetch interest rates of 6.75%, 6.90%, and 7.00%, respectively. Long-term deposits ranging from more than one year but less than two years and for more than two years but less than three years fetch interest rates of 7.70% and 7.75%, respectively. FD that are taken for a duration of more than three years, but less than five years will receive a rate of interest of 7.50%. In the case of FDs with a maturity period of 5 years but less than 10 years, the rate of interest will be 7.50%. The interest rate will be 7.10% for FDs with a maturity period of above 10 years but below 20 years. Special rates are offered by RBL Bank in case senior citizens open an FD. The interest rates range from 5.50% to 8.25% for senior citizens.

    22 August 2019

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