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    RBL Bank Fixed Deposit

    RBL Bank Fixed Deposit  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 20 Years
    5% - 8.15% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 20 Years
    7.5% - 7.65% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

    RBL Bank Fixed Deposit is Rated as "Satisfactory" by 13 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    About RBL Bank Fixed Deposit

    The foundation of RBL Bank dates back to as early as 1943. The bank underwent a management make-over in the year 2010 and has been growing at a commendable pace since then. Over the last few years the bank has been able to generate hundreds of crores of capital. RBL Bank specializes in the following five banking domains, namely

    • Retail Banking
    • Corporate Banking
    • Agriculture and Development Banking
    • Commercial Banking
    • Financial Markets

    RBL Bank has received various awards and accolades for its customer-centric business approach as well as technological advancements in the field of banking.

    In the mid-sized bank segment, the bank has been rated as India’s best bank in terms of growth.

    Can I open a Fixed Deposit with RBL Bank?

    All resident individuals, companies, NRIs, partnership firms, trusts and foundations, HUFs, family trust, charitable trust, sole proprietorships, clubs, associations and societies are eligible to open a fixed deposit account with RBL Bank. The documentation required for each entity is slightly different.

    What are the different Fixed Deposit schemes offered by RBL Bank?

    An array of fixed deposit schemes is offered by RBL Bank. These deposits are tailored to cater to your various financial needs.

    • Regular Fixed Deposits
    • An easy investment scheme to offer regular income at attractive rates of interest. Options of monthly and quarterly interest pay-outs. Deposit tenor ranges from 7 days to 10 years. Partial or full pre-mature withdrawal is allowed on these deposits. Overdraft facility is offered with these fixed deposits.

    • Tax Savings Fixed Deposits
    • As the name suggests, these are deposits for tenors of more than 5 years. Avail these deposits to earn income tax rebates.

    • Senior Citizen Fixed Deposits
    • Avail an additional 0.5% interest p.a. with the senior citizen fixed deposit scheme. This scheme is intended for individuals above 60 years of age. The deposit period ranges between 7days to 10 years. Nomination facility is available for these deposits.

    • Flexi-Sure Fixed Deposits
    • Enjoy the power of liquidity with this deposit scheme which provides you a savings or current account linked deposit account. Whenever there is shortage of cash in your savings or current account, the deposit is partially broken to meet the lack while the remaining part continues to earn interest. Multiple deposits can be linked to a single account. Option of choosing deposit tenor.

    What is the minimum amount that is required to open a Fixed Deposit with RBL Bank?

    The minimum amount required to open a RBL Bank fixed deposit is dependent on the type of deposit that you want to go for.

    What is the maximum amount acceptable for fixed deposit opening with RBL Bank?

    The maximum amount that is acceptable for fixed deposit opening is Rs.5 Crore.

    What are the minimum and maximum deposit periods applicable on Fixed Deposits of RBL Bank?

    RBL Bank offers fixed deposits that can be availed for any period between 7 days and 10 years.

    What is the exact process of Fixed Deposit account opening with RBL Bank?

    Fixed Deposit accounts with RBL Bank can be opened by visiting any of the bank branches. An application form needs to be filled when you visit the bank branch.

    What are the rates of interest offered by RBL Bank on its fixed deposit schemes?

    Different deposit tenures fetch different rates of interest. Here is a table that lists down all the applicable FD rates. Deposits below Rs.1 Crore are offered a slightly lower rate than deposits above Rs.1 Crore.

    Deposits with tenor between 7-45 days are pegged at 5.5% p.a. while those between 46-90 days enjoy a considerably higher interest rate of 7.57% p.a. A tenor between 91-180 days earns a return of 8.25% for the depositor whereas that of 181-240 days offers a slightly higher rate of 8.5% p.a. Deposits with a tenor of 1 year and above earn extremely attractive rates starting at 9.10% p.a. for a deposit of 1-3 years. A tenor between 3-4 years fetches a rate of interest of 9% p.a. while that above 4 years is pegged at 8.75% p.a.

    NOTE: Senior citizens enjoy 0.50% higher rates across all categories of fixed deposits.

    Are tax-saver Fixed Deposits part of the RBL Bank portfolio?

    Yes, RBL Bank offers a separate deposit scheme called Tax Saver deposit with a locking period of 5 years or more. The interest on these deposits is subject to waived-off income tax under section 80C of the Income Tax Act.

    Are RBL Bank’s Fixed Deposits taxable under the Income Tax Act?

    Yes. RBL Bank Fixed Deposits are taxable and are essentially split up into two groups. First is those for which the deposit holder has furnished his/her PAN number and the other is for which the deposit holder has not furnished his/her PAN number. In case the interest on the FD is equal to or more than Rs.10000 in a year, income tax at 10% is deducted. However, if the interest received in a year is more than Rs.10000 and the PAN number has not been provided then a tax of 20% on the interest received is levied.

    What are the key features of Fixed Deposits by RBL Bank?

    Here are a few main features of RBL Bank fixed deposits are listed here:

    • Additional 0.50% over and above the regular rate, for Senior Citizens
    • Overdraft facility is offered with deposit schemes
    • Loan against fixed deposit for 90% of fixed deposit amount
    • Option to link your savings or current account with your FD account for liquidity

    Can a loan be availed from RBL Bank against a Fixed Deposit?

    Yes. Loans of up to 90% of the fixed deposit amount can be granted to the customer. This loan is applicable to those who have a running fixed deposit account with RBL Bank.

    Are special rates offered to senior citizens on RBL Bank Fixed Deposits?

    Yes. Special and higher rates that are around 0.50% higher than the regular rates are offered to senior citizens who hold a fixed deposit with RBL Bank.

    Does RBL Bank offer credit card against a Fixed Deposit with the bank?

    No. Currently, credit cards from RBL Bank are not available with deposit schemes.

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  • RBL Bank Fixed Deposit Reviews

    • RBL Bank Fixed Deposit
      "POOR SERVICE BY RBL BANK"
      0.5 0.5/5 "Unacceptable"
      I HAVE APPLIED FOR FD IN RBL BANK, VERY POOR RESPONSE FROM PARIMAL BRANCH SIDE, AFTER MY FULL EFFORTS THEY ARE READY TO OPEN FD A/C, THEY ASK US TO FILL THE WHOLE 4-5 PAGES OF FORM. EVERY OTHER PRIVATE SECTOR BANK ARE GIVING FACILITY OF FILLING THE FORM ON BEHALF OF CLIENT AND ALSO GIVING DOOR STEP FACILITIES. THIS BOTH MAIN SERVICE FEATURES ARE MISSING HERE. POOR SERVICES. NEVER GO FOR RBL BANK
      Was this review helpful? 8
      , ahmedabad
      Reviewed on May 06, 2016
    • RBL Bank Fixed Deposit
      "POOR SERVICE BY RBL BANK "
      0.5 0.5/5 "Unacceptable"
      I HAVE APPLIED FOR FD IN RBL BANK, VERY POOR RESPONSE FROM PARIMAL BRANCH SIDE, AFTER MY FULL EFFORTS THEY ARE READY TO OPEN FD A/C, THEY ASK US TO FILL THE WHOLE 4-5 PAGES OF FORM. EVERY OTHER PRIVATE SECTOR BANK ARE GIVING FACILITY OF FILLING THE FORM ON BEHALF OF CLIENT AND ALSO GIVING DOOR STEP FACILITIES. THIS BOTH MAIN SERVICE FEATURES ARE MISSING HERE. POOR SERVICES. NEVER GO FOR RBL BANK
      Was this review helpful? 7
      , ahmedabad
      Reviewed on May 06, 2016
    • RBL Bank Fixed Deposit
      "Need more facilities..."
      0.5 3.0/5 "Satisfactory"
      I dropped my plan of applying fixed account with Ratnakar bank due to some reasons. First thing is we have to maintain minimum 10k and it should be reduce like 500rs. Secondly they do not have that much of branches. Other wise I am happy with their service which was really good.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jan 14, 2016
    • RBL Bank Fixed Deposit
      "Good "
      0.5 3.0/5 "Satisfactory"
      I have changed the plan of applying the fixed deposit with the Ratnakar Bank Limited. Rate of interest was around 8.5% to 8.75% which was okay for me and the services were okay with them because their customer service was not that much good.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jan 13, 2016
    • RBL Bank Fixed Deposit
      "Not recommended "
      0.5 2.0/5 "Expected more"
      It was a average experience with ratnakar bank based on the fixed deposit.After the time period of 1month the application was rejected.They have the required information for the process but still they have completed the process and returned my funds to me.
      Was this review helpful? 4
      , mumbai
      Reviewed on Jan 13, 2016
    • RBL Bank Fixed Deposit
      "Best benefits in terms of interest..."
      0.5 4.5/5 "Excellent!"
      Ratnakar bank is the one who providing more interest so, I have chosen this Ratnakar bank for fixed account. But the thing is, there is no option to open the account through net banking. We have visit the bank for to deposit It would be great and helpful, if they provide on line facilities.
      Was this review helpful? 4
      , chennai
      Reviewed on Jan 13, 2016
    • RBL Bank Fixed Deposit
      "Fine.."
      0.5 2.0/5 "Expected more"
      I just inquired about the fixed account with Ratnakar bank. They are providing good interest. They responded quickly. But I could not open fixed account with them. First thing is I did not heard much about Ratnakar bank so, I dropped my plan.
      Was this review helpful? 5
      , delhi
      Reviewed on Jan 13, 2016
    • RBL Bank Fixed Deposit
      "Easy to open"
      0.5 4.0/5 "Great!"
      The response provided was very immediate when I have tired to open a fixed deposit with Ratnakar Bank.They have taken around 1day to open the account.The interest rate applied for the fixed deposit was quite nominal.I may recommend the service in future
      Was this review helpful? 2
      , mumbai
      Reviewed on Jan 13, 2016
    • RBL Bank Fixed Deposit
      "Good"
      0.5 3.5/5 "Pretty good"
      The options given by online for fixed deposit from Ratnakar bank was not close to my place so with my own bank . I got the message that we get the call within 24 hours but i received only after three days.. The executive said that the collect the documents which i feel dis comfortable to handover such big amount to any one. .
      Was this review helpful? 2
      , delhi
      Reviewed on Jan 13, 2016
    • RBL Bank Fixed Deposit
      "Good "
      0.5 4.0/5 "Great!"
      The experience was really good with the Ratnakar bank limited for the fixed deposit. Facilities are good with them and I can access it very easily and the bank executives came to my place for collecting documents. Interest rate was around 7.25% and the services were good with them. Interest rate will be compounded on annually basis. The minimum lock in was around a month of time and I did it for two months of time.
      Was this review helpful? 4
      , pune
      Reviewed on Jan 13, 2016
    • RBL Bank Fixed Deposit
      "Not approachable "
      0.5 3.0/5 "Satisfactory"
      I felt the Ratnakar bank branch is very far and its not approachable for opening a fixed deposit account.The interest rate applied was around 8.25% which was quite good.I dont feel they have enough branches so they can work on the same.
      Was this review helpful? 5
      , delhi
      Reviewed on Jan 13, 2016
    • RBL Bank Fixed Deposit
      "Delay can be avoided!"
      0.5 2.0/5 "Expected more"
      There is a delay in the service offered by the Ratnakar Bank executives. I am comfortable with their interest rate and the other norms offered by them. I did not receive the Kit regarding the fixed deposit account. I would suggest them to improvise their services.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 13, 2016
    • RBL Bank Fixed Deposit
      "Good interest rate for deposit"
      0.5 4.0/5 "Great!"
      Its almost 1 year back i opened this account. As I am an employee of this bank, they provided good interest rate. I feel i get good services. On line banking is user friendly and they could be upgraded to the recent technologies. The maturity instructions, fixed deposit certificate should be done through branch.
      Was this review helpful? 11
      , mumbai
      Reviewed on Jul 21, 2014
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