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    RBL Bank FD Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 20 Years
    5.25% - 9% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 20 Years
    8% - 8.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    RBL Bank FD Rates is Rated as "Satisfactory" by 13 Users

    Fees & Charges

    Promised Interest Rate

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    An Overview on RBL Bank

    Established in 1943, RBL Bank (formerly Ratnakar Bank) is now spread over 183 branches, 351 ATMs in 13 Indian states. RBL Bank offers services under five business verticals that are Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agriculture & Development Banking and Financial Markets.

    The bank offers fixed deposits at varying tenures and competitive rates. A comprehensive list of information about the fixed deposit schemes available from RBL Bank is mentioned in the sections that follow.

    RBL Bank offers FD schemes for deposit amounts of Rs.10,000 and above and for tenures of very-short term to medium and long-term i.e. 5 years and above.

    Short-Term Fixed Deposit Rates

    The minimum duration of the fixed deposit period under the bank’s short-term schemes is 7 days and the maximum duration is 364 days. This period is subsequently divided into five brackets with an increasing rate of return.

    For a period of 7 days to 45 days, the base rate is 5.50% p.a.. Moving into the next bracket of 46-90 days, the rate of return is increased by 2.00% to become 7.50% p.a.. For the third bracket of an increased term of 91-180 days, the rate of return increases only by 0.50% bringing the interest payable on this scheme to 8.00% p.a.. For the fourth and fifth brackets, the terms are 181-240 days and 241-364 days respectively. In both the brackets, there is an increase of 0.25% from the previous bracket. In the fourth bracket thus, the interest rate is 8.25% p.a. and in the fifth bracket, the highest rate of return is achieved at 8.50% p.a..

    Medium and Long-Term Fixed Deposit Rates

    The minimum duration of the fixed deposits under this category is one year. Starting off with a return rate of 8.85% p.a. for periods up to 24 months, the medium and long-term deposits gain an increase of 0.35% over the highest rate available under short-term Deposits. For a period of 24 months till 36 months, the rate of return increases by 0.25% to 9.10%. p.a. For deposit periods up to 60 months the rate is 9.00% p.a.. The highest rate of return, within this period, is thus achieved at 9.10% p.a.

    Senior Citizens Fixed Deposit Rates by RBL Bank

    Over and above the rack rates mentioned above for the general public, senior citizens can avail a 0.50% higher rate of return. This put the interest rates on FD scheme for senior citizens in the range of 6% p.a. to 9.60% p.a. These senior citizen rates are not applicable on NRO deposits.

    The FD rates offered by RBL Bank are highly competitive and offer depositors safe, fixed returns that make their investments profitable. The varying tenures and deposit options help FD account holders match their investing goals with their liquidity needs. The bank also boasts excellent customer servicing making them a bank of choice.

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    RBL Bank Fixed Deposit Rate Reviews

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