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  • RBL Bank Recurring Deposit Interest Rates

     5.0 / 5.0   by 1 users
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    RBL Bank Recurring Deposit accounts are easy to manage and can be a very safe investment. The interest rates for this product are the same, as they are for their fixed deposit rates. The interest rate earned generally annualized would be around 8 percent and is based on the term that you choose.

    Deposit Terms Interest Rate - less than Rs.1 crore Interest Rate - Rs. 1 Crore and Above up to Rs. 3 Crore
    181 days to 240 days 7.00 6.90
    241 days to 364 days 7.10 6.85
    12 months to less than 24 months 7.20 6.85
    24 months to less than 36 months 7.30 6.85
    36 months to less than 60 months 7.20 6.85
    60 months to less than 120 months 7.20 6.85
    120 months to 240 months 7.20 6.85

    RBL Bank RD Interest Rates

    The tenure for the RD has to be at least for 6 months and up to 40 months as the upper limit.

    For recurring term deposits that last for less than 181 days, the computation of the interest will be done when the scheme matures and by simple interest. The rates at the time of the monthly payout will be considered for the term deposit interest payment discount. The customer can choose the Term as well as amount they wish to invest each month and earn earn the Guaranteed Return applicable interest rate at the given time.

    Interest Rates for Senior Citizens

    Senior citizens have an added 0.5% interest rate to be calculated, as a special benefit for the age group.

    Taxation on Interest Rates

    The regular TDS is applicable but other than that in-case the customer does not provide his or her PAN details 20% higher TDS will be deducted for deposits which have an interest income of Rs.10,000 or more at the given financial year.

    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.

    RBL Bank RD Rates Reviews

  • Page 1 of 1
    • review Recurring Deposit
      "Good"
      RATNAKAR BANK
      0.5 5.0/5 "Blown Away!"
      I am holding two recurring deposits from Ratnakar Bank. The best part about this deposit is they give more interest when compared to other banks. It is also easy to maintain the deposits and also to open the recurring deposits through online net banking is very easy.
      Was this review helpful? 6
      , sangli
      Reviewed on Jun 12, 2015
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    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.

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