RBL Bank offers Non-Resident Indians (NRIs) a wide range of fixed deposit options that provide competitive interest rates with flexible tenures of up to 20 years. 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:
The following are the interest rates for the various FD schemes for NRIs offered by RBL Bank:
| Tenure Period | Regular FD rates(per annum) |
|---|---|
| 7 days to 14 days | 3.25% |
| 15 days to 45 days | 3.75% |
| 46 days to 90 days | 4.00% |
| 91 days to 180 days | 4.50% |
| 181 days to 240 days | 5.00% |
| 241 days to 364 days | 5.25% |
| 1 year to less than 2 years | 6.25% |
| 2 years to less than 3 years | 6.50% |
| 3 years to 3 years 1 day | 6.30% |
| 3 years 2 days to less than 5 years | 6.30% |
| 5 years to less than 10 years | 5.75% |
| 10 years to 20 years | 5.75% |
*The NRO fixed deposit rates can be changed at the discretion of the bank. These interest rates are effective from 10 May 2022
The NRE fixed deposit interest rates are as given below:
| Tenure Period | Regular FD rates(per annum) |
|---|---|
| 1 year to less than 2 years | 6.25% |
| 2 years to less than 3 years | 6.50% |
| 3 years to 3 years 1 day | 6.30% |
| 3 years 2 days to less than 5 years | 6.30% |
| 5 years to less than 10 years | 5.75% |
| 10 years to 20 years | 5.75% |
*The NRE fixed deposit rates can be changed at the discretion of the bank. These interest rates are effective from 10 May 2022
The interest rates for the Tax Saver FD for NROs is as given below:
| Tenure Period | Regular FD rates(per annum) |
|---|---|
| 5 years to less than 10 years | 6.30% |
*The NRO Tax Saver fixed deposit rates can be changed at the discretion of the bank. These interest rates are effective from 10 May 2022
The FCNR (B) deposit interest rates are as given below:
| Period | GBP | USD | CAD | AUD | EUR | CHF | JPY | SGD |
|---|---|---|---|---|---|---|---|---|
| 1 year and above but less than 2 years | 1.20% | 1.95% | 1.30% | 1.00% | 0.05% | 0.05% | 0.05% | 1.20% |
| 2 year and above but less than 3 years | 1.20% | 2.00% | 1.65% | 1.00% | 0.04% | 0.05% | 0.05% | 1.25% |
| 3 year and above but less than 4 years | 1.25% | 2.35% | 1.80% | 1.00% | 0.05% | 0.05% | 0.06% | 1.30% |
| 4 year and above but less than 5 years | 1.35% | 2.45% | 1.95% | 1.20% | 0.05% | 0.05% | 0.06% | 1.35% |
| 5 years | 1.35% | 2.60% | 1.95% | 1.30% | 0.05% | 0.05% | 0.06% | 1.40% |
*The RBL Bank FCNR (B) FD rates can change at the bank's discretion. The interest rates given here are effective from 10 May 2022.
No, once you have opened an NRI FD account with the bank, you can change the tenure. However, once the account is matured, you can reinvest the principal amount and interest earned and choose a tenure of your choice.
Yes, the partial withdrawal facility is provided by the lender.
Yes, you can open a joint NRI account. However, you must note that the person with whom you wish to open an account must be an NRI as well.
No, you will not earn additional interest on your deposits even if you are an NRI who is aged 60 years and above. If you are a senior citizen who resides in India and opens an FD account with RBL, then you will be eligible to receive additional interest on your deposits.
If you open an NRE FD account, then you can deposit your money in foreign currency. In case you open an NRO account, then the deposit is to be made in Indian rupees.
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