Ratnakar Bank Limited (RBL) Bank offers fixed deposit schemes with attractive interest rates for Indian citizens who have attained 60 years of age. Senior citizens can avail of an additional interest rate of 0.50% p.a. when compared to regular interest rates. The interest rates for this scheme lies between 3.75% p.a. to 6.80% p.a. for deposits up to Rs.3 crore.
Features of Senior Citizen Fixed Deposits
- Individuals with RBL Bank accounts can open a fixed deposit via internet banking.
- Interest payout is available on a monthly and quarterly basis. You can also choose to keep the interest invested till the fixed deposit matures.
- You can use net banking and mobile banking to open a fixed deposit.
- The tenure ranges from 7 days to 20 years.
- Partial or premature withdrawal is available.
- Nomination facility is available.
RBL Bank Senior Citizen Fixed Deposit Interest Rates
Given below are the FD interest rates for senior citizens for deposits up to Rs.3 crore.
|Tenure||Senior Citizens Rates p.a|
|7 days - 14 days||3.75%|
|15 days - 45 days||4.25%|
|46 days - 90 days||4.50%|
|91 days - 180 days||5.00%|
|181 days - 240 days||5.50%|
|241 days - 364 days||5.75%|
|12 months - less than 24 months||6.50%|
|24 months - less than 36 months||6.50%|
|36 months - less than 60 months||6.80%|
|60 months - 60 months 1 day||6.80%|
|60 months 2 days - less than 120 months||6.25%|
|120 months - 240 months||6.25%|
|Tax Savings Fixed Deposit (60 months)||6.80%|
FAQs on RBL Bank Senior Citizen FD Rates
What is the fixed deposit interest rate offered by RBL Bank to senior citizens?
The interest rate offered by RBL Bank to senior citizens ranges between 3.75% p.a. and 6.80% p.a.
What is the tenure for senior citizen fixed deposits?
RBL Bank offers fixed deposits with tenures ranging between 7 days to 20 years.
Is premature withdrawal of fixed deposits allowed?
Yes, premature withdrawal of a fixed deposit is allowed.
What is the penalty for premature withdrawal?
Senior citizens will not be charged any penalty for premature withdrawal of fixed deposits.
Is a nomination facility available?
Yes, RBL Bank offers a nomination facility on fixed deposits.
Can I open a fixed deposit through internet banking?
Yes. If you are an existing RBL Bank account holder, you can easily open a fixed deposit internet banking.