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RBL Bank FD Rates

RBL Bank FD Rate of Interest on Domestic Deposits less than Rs. 2 crore NRO, NRE & Flexi Free Deposits: w.e.f. 2nd March, 2019

Period of DepositInterest Rate (% p.a.)Effective Annualized Yield %Senior Citizen Interest Rate (% p.a.)
7 days - 14 days5.005.005.50
15 days - 45 days5.755.756.25
46 days - 90 days6.506.507.00
91 days - 180 days6.756.757.25
181 days - 240 days6.907.007.52
241 days - 364 days7.007.197.71
12 months to less than 24 months7.70 7.937.71
24 months to less than 36 months7.757.988.51
36 months to less than 60 months7.507.718.24
60 months to less than 120 months7.507.718.24
120 months to 240 months7.107.297.82
Tax Saving Fixed Deposit (60 months to less than 120 months)7.507.718.24

Deposits of Rs. 2 crore and above upto Rs. 3 crore

Period of DepositInterest Rate (% p.a.)Effective Annualized Yield %Senior Citizen Interest Rate (% p.a.)Effective Annualised Yield % for Senior Citizen
7 days - 14 days5.005.005.505.50
15 days - 45 days5.755.756.256.25
46 days - 90 days6.506.507.007.00
91 days - 180 days6.756.757.257.25
181 days - 240 days6.907.007.407.52
241 days - 364 days7.007.007.507.71
12 months to less than 24 months7.707.938.208.46
24 months to less than 36 months7.757.988.258.51
36 months to less than 60 months7.507.71 8.00 8.24
60 months to less than 120 months7.507.71 8.00 8.24
120 months to 240 months6.85 7.037.357.56
  1. The maximum aggregate amount that can be invested in the Tax Savings Fixed Deposit (80C FD) under a single PAN is Rs. 1,50,000 and the same cannot be closed prematurely before expiry of the lock-in period of 5 years.
  2. Deposits of Rs. 2 crore and above upto Rs. 3 crore. (above table)
  3. Above rates are also applicable for NRO/NRE Fixed Deposits.
  4. Senior Citizens (60 years and above) who are Resident Indians are eligible for additional Interest rate of 0.5% p.a.
  5. Senior Citizens rate is not applicable on Non Resident Fixed Deposits (NRE/NRO/FCNR).

RBL Bank FD Rate of Interest on FCNRB (B) Deposits: w.e.f. 2nd April, 2019 (rate of interest % per annum)

PeriodUSDGBPEURAUDSGDJPYCADCHF
1 Year to less than 2 Years3.50 1.50 0.101.552.110.322.400.10
2 Years to less than 3 Years3.50 1.50 0.101.602.110.082.400.10
3 Years to less than 4 Years3.50 1.50 0.101.702.110.082.450.10
4 Years to less than 5 Years3.50 1.50 0.101.702.120.052.450.10
5 Years3.50 1.50 0.101.702.140.052.450.10
  1. Rate of Interest % per annum mentioned above are effective from 4th September 2019.
  2. FCNR (B) Deposits cannot be partially withdrawn.
  3. FCNR (B) Deposits are acceptable for a minimum period of one year and maximum period of 5 years.

Features of the RBL Bank FD Account

  • The maximum aggregate amount that can be invested in the Tax Savings Fixed Deposit (80C FD) under a single PAN is Rs. 1,50,000.
  • A Tax Savings Fixed Deposit cannot be closed prematurely before expiry of the lock in period of 5 years.
  • On premature full withdrawal of the Fixed Deposit, a penalty will be charged at 1% of the ongoing RBL Bank FD rate of interest. However, there is no penalty for premature withdrawal of Fixed Deposits by senior citizens.
  • Interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.
  • Senior Citizens, who are Residents of Indians, are eligible for an additional interest rate of 0.5% p.a. However, the same is not applicable on NRI Fixed Deposits (NRE/NRO/FCNR).
  • The interest rate applicable on multiple deposits, made by the same customer in one particular tenor bucket, would be the rate which is applicable for the total value of such deposits.

Eligibility Criteria for RBL Bank FDs

  • Indian citizen
  • Hindu Undivided Family (HUF)
  • Private limited company
  • Public limited company
  • Trust, and
  • Partnership firm

FAQs on RBL Bank Fixed Deposit Rates

What is the FD interest rate that RBL Bank offers to the senior citizens?

Senior Citizens, who are Residents of Indians, are eligible for an additional interest rate of 0.5% p.a. However, the increased interest rate is not applicable on NRI Fixed Deposits (NRE/NRO/FCNR).

Can I make alterations to the tenure of my ongoing RBL Bank Fixed Deposit?

No, once you have chosen the tenure at the time of opening the fixed deposit with RBL Bank, you cannot change it later.

How to open a RBL Bank Fixed Deposit account without a PAN card?

You can submit Form 16, accurately filled up, instead of PAN card, while opening a Fixed Deposit account at RBL Bank.

What is the highest interest rate that is offered by RBL Bank Fixed Deposit?

The highest interest rate offered by RBL Bank is 8.05% for tenures that exceed 24 months, but less than 36 months.

What are the tenure options for RBL Bank Fixed Deposit?

The following are the tenure options for RBL bank Fixed Deposit:

  • 7 days - 14 days
  • 15 days - 45 days
  • 46 days - 90 days
  • 91 days - 180 days
  • 181 days - 240 days
  • 241 days - 364 days
  • 12 months to less than 24 months
  • 24 months to less than 36 months
  • 36 months to less than 60 months
  • 60 months to less than 120 months
  • 120 months to 240 months

What is the minimum amount required to start an RBL Bank Fixed Deposit account?

The minimum amount required to start a FD with RBL Bank is Rs. 1,000.

What is the eligibility criteria to open a RBL Bank Fixed Deposit account?

The following categories are eligible for opening a RBL Bank Fixed Deposit:

  • Indian citizen
  • Hindu Undivided Family (HUF)
  • Private limited company
  • Public limited company
  • Trust, and
  • Partnership firm

Can I open my RBL Bank Fixed Deposit without a PAN card?

You can open a Fixed Deposit with RBL Bank by submitting Form 16, filled up with correct information, instead of PAN card.

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