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RBL Bank Revises FD rates, Now Offer Up TO 8.50% To Senior Citizens; Check Rates Here
Private sector lender RBL Bank has recently revised its fixed deposits (FDs) interest rates effective from Thursday, June 01, 2023. RBL Bank offers FDs with a Premature Withdrawal facility and without a Premature Withdrawal facility. Following the revision, the senior citizens can earn up to 8.50 per cent interest on their deposits.
Fixed Deposit - Premature Withdrawal Allowed
RBL Bank is offering 3.50 per cent to 7.80 per cent interest rates to the general public, and 4 per cent to 8.30 per cent interest to senior citizens. The above interest rates are applicable on the deposit period of 7 days to 240 months (including 5 years of Tax Savings FD) below Rs. 2 crore.
Interest Rate on Domestic, NRO, NRE & Flexi Fixed Deposits w.e.f. June 01, 2023
| Period of Deposit | Domestic & Flexi FD Interest Rates p.a. | Senior Citizen Interest Rates p.a. | NRE Interest Rates p.a. | NRO Interest Rates p.a. |
|---|---|---|---|---|
| 7 days to 14 days | 3.50% | 4.00% | NA | 3.50% |
| 15 days to 45 days | 4.00% | 4.50% | NA | 4.00% |
| 46 days to 90 days | 4.50% | 5.00% | NA | 4.50% |
| 91 days to 180 days | 4.75% | 5.25% | NA | 4.75% |
| 181 days to 240 days | 5.50% | 6.00% | NA | 5.50% |
| 241 days to 364 days | 6.05% | 6.55% | NA | 6.05% |
| 365 to 452 days (12 months to less than 15 months) | 7.00% | 7.50% | 7.00% | 7.00% |
| 453 days to less than 24 months (15 months to less than 24 months) | 7.80% | 8.30% | 7.80% | 7.80% |
| 24 months to less than 36 months | 7.50% | 8.00% | 7.50% | 7.50% |
| 36 months to 60 months 1 day | 7.10% | 7.60% | 7.10% | 7.10% |
| 60 months 2 days to 240 months | 7.00% | 7.50% | 7.00% | 7.00% |
| Tax Savings Fixed Deposit (60 months) | 7.10% | 7.60% | NA | 7.10% |
Fixed Deposit - Premature Withdrawal Not Allowed
RBL Bank is offering 7.20 per cent to 8 per cent interest rate to regular domestic customers and 7.70 per cent to 8.50 per cent for senior citizens. The above interest rates are applicable on the deposit period of 365 days to 240 months. The deposit amount under this scheme is between Rs. 50 lakhs to below Rs. 2 crore.
Interest Rate on Domestic, NRO, NRE Fixed Deposits w.e.f. June 01, 2023
| Period of Deposit | Domestic FD Interest Rates p.a. | Senior Citizen Interest Rates p.a. | NRE Interest Rates p.a. | NRO Interest Rates p.a. |
|---|---|---|---|---|
| 365 days to 452 days (12 months to less than 15 months) | 7.20% | 7.70% | 7.20% | 7.20% |
| 453 days to less than 24 months (15 months to less than 24 months) | 8.00% | 8.50% | 8.00% | 8.00% |
| 24 months to less than 36 months | 7.70% | 8.20% | 7.70% | 7.70% |
| 36 months to 60 months 1 day | 7.30% | 7.80% | 7.30% | 7.30% |
| 60 months 2 days to 240 months | 7.20% | 7.70% | 7.20% | 7.20% |
Source - RBLbank.com
According to the RBL Bank's official website, "Senior Citizens (60 years to less than 80 years) are eligible for additional interest rate of 0.50% p.a. and Super Senior Citizens (80 years and above) are eligible for additional interest rate of 0.75% p.a. Senior Citizens/Super Senior Citizens rates are not applicable on Non Resident Fixed Deposits (NRE/NRO)."
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