RBL Bank FD Interest Rates
Over the years, Ratnakar Bank Limited (RBL) has established itself as one of the leading banks in the private sector. A key investment product offered by the bank is Fixed Deposits.
RBL FD rates lie between 3.50% p.a. to 8.00% p.a. for deposits of less than Rs.2 crore. This rate is applicable for a maturity period between 7 days and 20 years. Senior citizens are offered an additional rate of 0.50%.
RBL Domestic Fixed Deposit Rates: Below Rs.2 crore
This table has the RBL Fixed Deposit interest rates* for deposits below Rs.2 crore.
Period of Deposit | Domestic & Flexi FD Interest Rates p.a. | Senior Citizen Interest Rates p.a. |
7 days to 14 days | 3.50% | 4.00% |
15 days to 45 days | 4.00% | 4.50% |
46 days to 90 days | 4.50% | 5.00% |
91 days to 180 days | 4.75% | 5.25% |
181 days to 240 days | 5.50% | 6.00% |
241 days to 364 days | 6.05% | 6.55% |
365 days to 452 days (12 months to less than 15 months) | 7.50% | 8.00% |
453 days to 545 days (15 months to less than 18 months) | 7.80% | 8.30% |
546 days to 24 months (18 months to 24 months) | 8.00% | 8.50% |
24 months 1 day to 36 months | 7.50% | 8.00% |
36 months 1 day to 60 months 1 day | 7.10% | 7.60% |
60 months 2 days to 120 months | 7.00% | 7.50% |
Note: Interest rates applicable from 8 June 2024 and are subject to change without prior notice.
RBL Tax Saving FD Rates
Period of Deposit | Interest Rates p.a. | Senior Citizen Interest Rates p.a. |
Tax Savings Fixed Deposit (60 months) | 7.10% | 7.60% |
RBL Bank Fixed Deposit Rates: Premature Withdrawal Not Allowed
Period of Deposit | Domestic FD Interest Rates p.a. | Senior Citizen Interest Rates p.a. |
365 days to 452 days (12 months to less than 15 months) | 7.70% | 8.20% |
453 days to 545 days (15 months to less than 18 months) | 8.00% | 8.50% |
546 days to 24 months (18 months to 24 months) | 8.20% | 8.70% |
24 months 1 day to 36 months | 7.70% | 8.20% |
36 months 1 day to 60 months 1 day | 7.30% | 7.80% |
60 months 2 days to 120 months | 7.20% | 7.70% |
Types of RBL Non-Resident Indian (NRI) Deposits
- Non-Resident External (NRE) deposit scheme
- Non-Resident Ordinary (NRO) FD scheme
- Foreign Currency Non-Resident (Bank) Deposit (FCNR (B))
RBL NRE Deposit Rates
Period of Deposit | NRE Interest Rates p.a. |
365 days to 452 days (12 months to less than 15 months) | 7.50% |
453 days to 545 days (15 months to less than 18 months) | 7.80% |
546 days to 24 months (18 months to 24 months) | 8.00% |
24 months 1 day to 36 months | 7.50% |
36 months 1 day to 60 months 1 day | 7.10% |
60 months 2 days to 120 months | 7.00% |
RBL NRO Fixed Deposit Rates: Below Rs.2 crore
This table has the RBL NRO Fixed Deposit interest rates* for deposits up to Rs.2 crore.
Period of Deposit | NRO Interest Rates p.a. |
7 days to 14 days | 3.50% |
15 days to 45 days | 4.00% |
46 days to 90 days | 4.50% |
91 days to 180 days | 4.75% |
181 days to 240 days | 5.50% |
241 days to 364 days | 6.05% |
365 days to 452 days (12 months to less than 15 months) | 7.50% |
453 days to 545 days (15 months to less than 18 months) | 7.80% |
546 days to 24 months (18 months to 24 months) | 8.00% |
24 months 1 day to 36 months | 7.50% |
36 months 1 day to 60 months 1 day | 7.10% |
60 months 2 days to 120 months | 7.00% |
Tax Savings Fixed Deposits (60 months) | 7.10% |
*The RBL FD Rates tend to vary as per the discretion of the bank. The interest rates given here are valid as of 14 February 2024.
RBL FCNR (B) Deposit Rates
The following table lists out the RBL FCNR (B) Fixed Deposit rates* corresponding to each foreign currency**:
Period | USD | GBP | EUR | AUD | SGD | JPY | CAD | CHF |
1 year to less than 2 years | 6.10% | 4.00% | 3.00% | 3.50% | 4.05% | 0.05% | 2.75% | 0.95% |
2 years to less than 3 years | 5.50% | 4.20% | 2.20% | 3.50% | 3.75% | 0.05% | 2.50% | 0.95% |
3 years to less than 4 years | 4.40% | 4.00% | 2.00% | 2.85% | 1.30% | 0.06% | 2.25% | 0.25% |
4 years to less than 5 years | 4.45% | 3.00% | 2.00% | 2.75% | 1.35% | 0.06% | 2.00% | 0.05% |
5 years | 5.85% | 3.00% | 2.00% | 2.60% | 1.40% | 0.06% | 2.00% | 0.05% |
*The RBL NRE FD interest rates tend to vary as per the discretion of the bank. The interest rates given here are valid as of 1 July 2024.
**EUR- Euro, CAD- Canadian Dollar, USD- US Dollar, JPY- Japanese Yen, CHF- Swiss Franc, SGD- Singapore Dollar, AUD- Australian Dollar, and GBP- Pound Sterling.
Features & Benefits of RBL Bank Fixed Deposits
Some of the features and benefits of RBL Bank Fixed Deposits are:
- Tenure ranging between 7 days and 20 years.
- Easy process to open an RBL FD account.
- Easy investment with attractive returns guaranteed.
- Choose the option of receiving interest on a monthly or quarterly basis. You can keep your deposit invested till its maturity.
- Premature or partial withdrawal facility allowed.
- You can open an RBL FD account online as well.
Eligibility criteria and Documents Required
Eligibility
- Should be a resident of India.
- Should have a bank account with RBL.
Documents required
- Identity proof
- Address proof
- Details of your bank account
- 2 passport size photos
- PAN Card
Types of RBL Bank Fixed Deposit Schemes
- Regular Fixed Deposit
- Flexi Sure Fixed Deposit
- Tax Saving Fixed Deposits
- Senior Citizen Fixed Deposit
Other Features of RBL Bank FD
RBL Bank Loan Against FD
You can avail up to 90% of the deposit amount as loan against FD.
Nomination Facility on RBL Bank FD
Nomination facility is available.
FAQs on RBL Bank Fixed Deposit Rates
- What is the highest fixed deposit interest rate for RBL Bank?
Highest fd interest rate offered is 8.80% p.a. for tenure of 18 months to 24 .
- What are the current RBL Bank FD interest rates 2024?
The current interest rate offered by RBL ranges between 3.50% p.a. and 8.80% p.a.
- Is there any minimum amount that I have to give for opening a Fixed Deposit with RBL Bank?
You can open an FD account by depositing a minimum amount of Rs.1,000.
- Is it possible to change the tenure of my existing fixed deposit account with RBL Bank?
No, you cannot change the tenure of your existing FD account with RBL account.
- Can a customer open an FD account online in RBL Bank?
Yes, you can open an RBL Bank FD account online.
- In how many years FD will double in RBL Bank?
The maturity amount you will receive will depend on factors such as the deposit amount and the tenure chosen by you.
News about RBL Bank FD rates
RBI raised FCNR (B) deposit rates by 200 basis points for NRIs
The Reserve Bank of India (RBI) has recently made a significant move by raising the cap on Foreign Currency Non-Resident (FCNR) (B) deposit rates for 1-3 year tenures. The new cap, set at Alternate Reference Rate (ARR) + 400 basis points (previously ARR + 200 basis points), aims to attract more foreign currency inflows and continue until March 2025. For those looking to invest in FCNR (B) deposits, State Bank of India (SBI) offers a competitive 5.2% for USD, 4.85% for GBP, and 3.75% for EUR on 1-year deposits. ICICI Bank provides 4.75% for both USD and GBP, while Indian Bank offers an attractive 5.5% for USD and 4.75% for GBP. Canara Bank, too, offers favourable rates, with 5.35% for USD and 5% for GBP. In addition, Non-Resident External (NRE) Fixed Deposits continue to be a popular choice for NRIs, allowing them to earn tax-free interest on their savings in India. The latest NRE FD rates for tenures ranging from 1 to 10 years show that SBI offers rates between 6.80% and 7.25%, effective from 15 July 2024; HDFC Bank offers 6.60% to 7.40%, effective from 24 July 2024; and Axis Bank provides 6.70% to 7.25%, providing multiple attractive options for NRI savers.
RBL Bank revises FD rates
RBL Bank has announced a revision in its fixed deposit (FD) interest rates with effect from 1 May 2024. The new interest rates are applicable to fixed deposits of less than Rs.2 crore. After the revision, fixed deposits maturing in 7 days to 14 days will receive an interest rate of 3.50%. The bank is providing a 4.00% interest rate on FDs due in 15 days to 45 days and 4.50% for those maturing in 46 days to 90 days. Fixed deposits with maturity periods of 91 days to 180 days will earn an interest of 4.75% while fixed deposits maturing in 181 days to 240 days will be paid 5.50%.
For FDs maturing in 241 days to 364 days. RBL Bank offers a 6.05 interest rate while FDs due in 12 months to less than 15 months will be paid 7.50% interest. The interest rates on fixed deposits maturing in 15 months to less than 18 months and 18 months to 24 months are 7.80% and 8.00%, respectively. RBL Bank has revised the interest rate to 7.50% for FDs that mature in more than 24 months to 36 months. Fixed deposits maturing in more than 36 months to 60 months 1 day will receive an interest rate of 7.10%. The interest rate for FDs with maturities of 60 months 2 days to 120 months has been updated to 7.00%. For Non-Resident External (NRE) fixed deposits, RBL Bank provides interest rates ranging from 7.50% to 8.00%. Non-Resident Ordinary (NRO) fixed deposits will receive interest rates ranging from 3.50% to 8.00%.
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