RBL Bank NRI Fixed Deposits
RBL Bank NRI Fixed Deposits offer NRE, NRO and FCNR(B) options with rates up to 7.20% p.a., and tenures from seven days to ten years. NRE and NRO deposits earn rupee interest that is tax-free or taxable respectively, while FCNR(B) deposits protect foreign-currency savings from exchange-rate risk.
The bank also offers various interest payout options. There are also convenient features such as partial withdrawal and automatic renewal of the FDs.
The following are the various FD options offered to NRIs:
RBL Bank NRI Fixed Deposit Interest Rates
The following are the interest rates for the various FD schemes for NRIs offered by RBL Bank:
The minimum tenure for an RBL Bank NRE Fixed Deposit is one year, while an NRO Fixed Deposit can be booked for a minimum of seven days. Premature withdrawal on eligible deposits attracts a penalty on the interest rate that was applicable when the deposit was placed.
RBL Bank NRO FD Deposit Interest Rates BeIow Rs.3 Crore
The RBL bank NRO fixed deposit interest rates are as follows:
Tenure | NRO Interest Rates p.a. | Senior Citizen NRO Interest Rates p.a. |
7 days to 14 days | 3.50% | Not applicable |
15 days to 45 days | 4.00% | Not applicable |
46 days to 90 days | 4.50% | Not applicable |
91 days to 180 days | 4.75% | Not applicable |
181 days to 240 days | 5.50% | Not applicable |
241 days to 364 days | 6.05% | Not applicable |
365 days to 452 days (12 months to less than 15 months) | 7.00% | Not applicable |
453 days to 499 days (15 months to 16 months 14 days) | 7.00% | Not applicable |
500 days | 7.00% | Not applicable |
501 days to 545 days (16 months 16 days to less than 18 months) | 7.00% | Not applicable |
546 days to 24 months (18 months to 24 months) | 7.20% Highest | Not applicable |
24 months 1 day to 36 months | 7.20% Highest | Not applicable |
36 months 1 day to 60 months 1 day | 7.00% | Not applicable |
60 months 2 days to 120 months | 6.70% | Not applicable |
Tax Savings Fixed Deposits (60 months) | 6.70% | Not applicable |
Note: The interest rates are effective from 24 September 2025.
RBL Bank NRE FD Deposit Interest Rates Below Rs.3 Crore
The NRE fixed deposit interest rates are as given below:
Tenure | Interest rate |
365 days to 452 days (12 months to less than 15 months) | 7.00% |
453 days to 499 days (15 months to 16 months 14 days) | 7.00% |
500 days | 7.00% |
501 days to 545 days (16 months 16 days to less than 18 months) | 7.00% |
546 days to 24 months (18 months to 24 months) | 7.20% Highest |
24 months 1 day to 36 months | 7.20% Highest |
36 months 1 day to 60 months 1 day | 7.00% |
60 months 2 days to 120 months | 6.70% |
Note: The interest rates are effective from 24 September 2025.
RBL Bank NRO Tax Saver Fixed Deposit (FD)
The interest rates for the Tax Saver FD for NROs is as given below:
Tenure Period | Regular FD rates (per annum) |
60 months (5 years) | 6.70% |
This Tax Saver Fixed Deposit qualifies for deduction under Section 80C, carries a mandatory five-year lock-in with a maximum investment of Rs.1,50,000 per PAN, and is not available as an NRE deposit.
Note: The interest rates are effective from 24 September 2025.
RBL Bank FCNR (B) Deposit Interest Rates
The following table lists out the RBL FCNR (B) Fixed Deposit rates* corresponding to each foreign currency**:
Period | USD | GBP | EUR | AUD | SGD | JPY | CAD | CHF |
1 year and above but less than 2 years | 4.00% | 4.00% | 3.00% | 3.50% | 2.00% | 0.05% | 2.75% | 0.05% |
2 year and above but less than 3 years | 3.75% | 4.20% | 2.50% | 3.50% | 1.50% | 0.05% | 2.50% | 0.05% |
3 year and above but less than 4 years | 6.25% | 4.00% | 2.50% | 2.85% | 0.80% | 0.06% | 2.25% | 0.05% |
4 year and above but less than 5 years | 6.30% | 3.00% | 2.00% | 2.75% | 0.80% | 0.06% | 2.00% | 0.05% |
5 years | 6.35% | 3.00% | 2.00% | 2.60% | 0.80% | 0.06% | 2.00% | 0.05% |
RBL Bank FCNR(B) deposits are accepted for a minimum tenure of one year and a maximum of five years, cannot be withdrawn partially, and are not eligible for additional senior citizen interest.
Note: The interest rates are effective from 12 June 2026.
Summary
RBL Bank offers NRI Fixed Deposits through NRE, NRO and FCNR(B) accounts, giving Non-Resident Indians a choice between a tax-free repatriable rupee deposit, a taxable rupee deposit for Indian income, and a foreign-currency deposit that avoids exchange-rate risk. Interest rates vary by tenure and currency, and RBL Bank does not offer additional interest to senior citizen NRIs. Compare the tables above before booking a deposit.
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FAQs on RBL Bank NRI Fixed Deposit
1.What is an RBL Bank NRI Fixed Deposit?
An RBL Bank NRI Fixed Deposit is a term deposit that lets Non-Resident Indians invest rupee or foreign-currency savings with RBL Bank for a fixed tenure at a fixed interest rate. NRIs can choose between NRE, NRO and FCNR(B) deposit accounts depending on the source of funds and repatriation needs.
2.What is the difference between an RBL Bank NRE and an RBL Bank NRO Fixed Deposit?
An RBL Bank NRE Fixed Deposit holds foreign earnings converted into Indian rupees, and both the principal and interest are freely repatriable and exempt from tax in India. An RBL Bank NRO Fixed Deposit holds income earned within India, such as rent or dividends, and its interest is taxable, with repatriation subject to limits.
3.What is an RBL Bank FCNR Fixed Deposit?
An RBL Bank FCNR(B) Fixed Deposit lets NRIs hold their deposit in a foreign currency instead of Indian rupees, which shields the investment from exchange-rate movements. RBL Bank offers FCNR(B) deposits across several major foreign currencies for tenures of one to five years.
4.Who is eligible to open an RBL Bank NRI Fixed Deposit?
Any Non-Resident Indian or Person of Indian Origin can open an RBL Bank NRI Fixed Deposit by holding or opening a qualifying NRE, NRO or FCNR(B) account with the bank. Standard NRI KYC documentation and proof of NRI status are required.
5.Can I open an RBL Bank NRI Fixed Deposit jointly?
Yes, an RBL Bank NRI Fixed Deposit can be opened jointly, but the joint holder must also qualify as an NRI. This requirement applies across RBL Bank's NRE, NRO and FCNR(B) deposit schemes.
6.Can I withdraw my RBL Bank NRI Fixed Deposit before maturity?
Yes, RBL Bank permits partial and full premature withdrawal on eligible NRI Fixed Deposits, subject to a penalty on the applicable interest rate. Some RBL Bank Fixed Deposit variants do not allow premature withdrawal, so it is worth checking the terms of the scheme chosen.
7.Do senior citizen NRIs earn additional interest on RBL Bank Fixed Deposits?
No, the additional interest rate RBL Bank offers senior citizens applies only to resident depositors and is not available on NRE or NRO Fixed Deposits. NRIs earn the same base rate published for the general category regardless of age.
8.Is interest on an RBL Bank NRI Fixed Deposit taxable?
Interest earned on an RBL Bank NRE Fixed Deposit is exempt from tax in India, while interest on an RBL Bank NRO Fixed Deposit is taxable and subject to TDS. Tax treatment in the depositor's country of residence should be checked separately.
9.How can I check the latest RBL Bank NRI FD interest rates?
The latest RBL Bank NRI FD interest rates for NRE, NRO and FCNR(B) deposits are listed in the rate tables above and vary by tenure and currency. RBL Bank revises these rates periodically, so it is worth checking the current tables before booking a deposit.
10.How do I apply for an RBL Bank NRI Fixed Deposit?
NRIs can apply for an RBL Bank Fixed Deposit online through the bank's NRI banking portal or by visiting an RBL Bank branch with the required NRI KYC documents. Existing RBL Bank NRI account holders can typically book a new deposit directly through net banking.
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