The Royal Bank of Scotland (RBS) is a premier international banking entity that has a branch in Mumbai, India. They have a worldwide customer base, namely, in the UK, western Europe, Hong Kong, Japan and Singapore. Royal Bank of Scotland (RBS) fixed deposits (FDs) are top class investment options for those looking out for term deposit schemes. The bank offers both domestic deposits and time deposit schemes for Non-Resident Indians. It is important to note here that unlike other banks, this bank does not offer medium or long term deposits. There are only a wide range of short-term FD plans that an investor can choose from.
Given below are the revised interest rates offered on Royal Bank of Scotland fixed deposits in 2018 for regular depositors and senior citizens:
|Tenure||Regular interest rate (per annum)||Senior citizen interest rate (per annum)|
|7 days to 14 days||3.50%||3.75%|
|15 days to 30 days||3.50%||3.75%|
|31 days to 60 days||3.50%||3.75%|
|61 days to 90 days||3.50%||3.75%|
*Mentioned above are rates for investments that are up to Rs.1 crore in Indian rupee
Apart from domestic term deposits, the bank also offers a wide range of fixed deposit investment options for Non-Resident Indians (NRIs). The various deposits that are offered include NRO, NRE, RFC and FCNR.
The following are the interest rates offered on Royal Bank of Scotland NRI deposits:
|Tenure||Regular rate||Senior citizen rate|
|365 days||3.50%||Not Applicable|
|Currency/ Tenure||5 years||4 years but less than 5 years||3 years but less than 4 years||2 years but less than 3 years||1 years to less than 2 years|
|2 years to below 3 years||0.01%||0.01%||0.01%|
|1 year to below 2 years||0.01%||0.01%||0.01%|
|6 months to below 1 year||0.01%||0.01%||0.01%|
|31 days to below 6 months||0.01%||0.01%||0.01%|
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.