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Royal Bank of Scotland FD Rates

Royal Bank of Scotland Group, founded in the year 1727, is one of the pioneers in the banking sector, not just in India, but the world over. Headquartered in Edinburgh, Scotland, the Royal Bank of Scotland Group has expanded its base across the world. It specializes in banking services for businesses, institutions as well as individuals.

Royal Bank of Scotland, a retail banking subsidiary of Royal Bank of Scotland Groups, was established in 1921. It is renowned in its industry and its coveted clients are spread across fields – MNCs, high net worth individuals, the Indian government, blue-chip Indian corporations, leading financial institutions, etc.

Royal Bank of Scotland has a plethora of Fixed Deposit options that are especially customized for residents and non-residents, across financial and savings objectives.

RBS FD Rates 2019

Term Deposit Rates: Resident Customers

Royal Bank of Scotland Fixed Deposit Rates for Resident Customers for Deposits up to Rs. 1 crore (w.e.f. 17th November, 2017)

TenuresRate of Interest (p.a.)
7 days – 14 days3.50%
15 days – 30 days3.50%
31 days – 45 days3.50%
61 days up to 90 days3.50%

Note: Senior citizens get additional 0.25% rate of interest on Fixed Deposits.

*All information has been sourced from the official website

Term Deposit Rates - Non Resident Customers

Royal Bank of Scotland FD rates: For NRE Deposits - Interest rates (% p.a.) w.e.f. 17th November '17

1 year = 3.50

*All information has been sourced from the official website

Royal Bank of Scotland FD rates: For FCNR Deposits - Interest rates (% p.a.) w.e.f. 1st May, '17

Click here to know about Royal Bank of Scotland FD rates for FCNR Deposits

*All information has been sourced from the official website

Royal Bank of Scotland FD rates: For RFC Deposits - Interest rates (% p.a.) w.e.f. 1st May, '17

Maturity PeriodUSDGBPEUR
31 days to less than 6 months0.010.010.01
6 months to less than 1 year0.010.010.01
1 year to less than 2 years0.010.010.01
2 years to less than 3 years0.010.010.01
3 years only0.010.010.01

*All information has been sourced from the official website

Royal Bank of Scotland: NRO Fixed Deposit Rates for Deposits up to Rs. 1 crore (% p.a.) – w.e.f. 17th November, '17

Maturity PeriodRate of Interest (%)
7 days up to 14 days3.50%
15 days up to 30 days3.50%
31 days up to 60 days3.50%
61 days up to 90 days3.50%

*All information has been sourced from the official website

Features of Royal Bank of Scotland Fixed Deposits

  • Royal Bank of Scotland specializes in offering fixed deposits that are designed for residents and non-residents – FCNR, NRE, NRO and RC.
  • The tenure of Royal Bank of Scotland Fixed Deposits varies between a minimum of 7 days to a maximum of 90 days.
  • The interest rate of RBS FDs is fixed at 3.50% across tenures.
  • Senior citizens, or depositors aged 60 years and above, are eligible for availing an additional 0.25% p.a. on all term deposits.
  • For NRO FDs and Non Resident Ordinary (NRO) FDs, the interest rate is equivalent to that of domestic deposits, which is applicable to senior citizens as well.
  • Depositors of Non Resident External (NRE) FDs are eligible for tax exemptions in India.
  • The minimum investment tenure at the Royal Bank of Scotland for all FDs is 1 year.
  • Foreign Currency Non Repatriable (FCNR) deposits can be made in all of the major currencies in the world.

Eligibility Criteria for Royal Bank of Scotland FDs

Anyone belonging to the below categories is eligible to open a fixed deposit with Royal Bank of Scotland:

  • Resident individual
  • Non Resident Individual
  • Individual who is a bank accountholder
  • Individuals who are joint accountholders
  • Hindu Undivided Family (HUF)
  • Companies, Partnership Firms or Sole Proprietorships
  • Trusts
  • Societies
  • Associations
  • Clubs

FAQs on Royal Bank of Scotland FD Rates

What is the interest rate that RBS Fixed Deposit offers on senior citizens FDs?

Senior citizens get an additional 0.25% rate of interest on Fixed Deposits at Royal Bank of Scotland.

How to open a Royal Bank of Scotland Fixed Deposit account without a PAN card?

You can submit Form 16 instead of your PAN card while opening a Fixed Deposit account at the Royal Bank of Scotland.

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

The highest interest rate for Royal Bank of Scotland Fixed Deposits is 3.50%.

What are the FD tenure options offered on RBS Fixed Deposits?

For residents, the FD tenure options offered by Royal Bank of Scotland are:

  • 7 days up to 14 days
  • 15 days up to 30 days
  • 31 days up to 60 days
  • 61 days up to 90 days
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