RBL Bank FD Interest Rates (p.a.) Highlights 2022 | |
| Highest slab rate | 6.65% (for 15 months) |
| For 1 year | 6.25% |
| For 2 years | 6.50% |
| For 3 years | 6.30% |
| For 4 years | 6.30% |
| For 5 years | 6.30% |
| Tax-Saving FD | 6.30% |
The interest rates are updated as of 8 June 2022
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RBL FD Rates
Interest Rates on Domestic/NRO/NRE/Flexi Deposits of up to Rs 2 crore w.e.f. 8 June 2022
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 7 to 14 days | 3.25 | 3.75 |
| 15 to 45 days | 3.75 | 4.25 |
| 46 to 90 days | 4.00 | 4.50 |
| 91 to 180 days | 4.50 | 5.00 |
| 181 to 240 days | 5.00 | 5.50 |
| 241 to 364 days | 5.25 | 5.75 |
| 12 months to less than 15 months | 6.25 | 6.75 |
| 15 months | 6.65 | 7.15 |
| 15 months 1 day to less than 24 months | 6.25 | 6.75 |
| 24 months to less than 36 months | 6.50 | 7.00 |
| 36 months to less than 60 months | 6.30 | 6.80 |
| 60 months to 60 months 1 day | 6.30 | 6.80 |
| 60 months 2 days to less than 120 months | 5.75 | 6.25 |
| 120 months to 240 months | 5.75 | 6.25 |
Note: 1. The minimum tenure of NRE is 1 year
2. Additional senior citizen interest rates are not applicable for NRE & NRO fixed deposits
RBL Bank Tax Saver Deposit
| Tenure | Interest Rates (% p.a.) | |
| Regular Citizens | Senior Citizens | |
| 60 months | 6.30 | 6.80 |
Interest Rates on FCNR(B) deposits w.e.f. 1 June 2022
| Tenure | Interest Rates (% p.a.) | |||||||
| USD | GBP | EUR | AUD | SGD | JPY | CAD | CHF | |
| 1 year and above but less than 2 years | 1.95 | 1.20 | 0.05 | 1.00 | 1.20 | 0.05 | 1.30 | 0.05 |
| 2 years and above but less than 3 years | 2.00 | 1.20 | 0.04 | 1.00 | 1.25 | 0.05 | 1.65 | 0.05 |
| 3 years and above but less than 4 years | 2.35 | 1.25 | 0.05 | 1.00 | 1.30 | 0.06 | 1.80 | 0.05 |
| 4 years and above but less than 5 years | 2.45 | 1.35 | 0.05 | 1.20 | 1.35 | 0.06 | 1.95 | 0.05 |
| 5 years | 2.60 | 1.35 | 0.05 | 1.30 | 1.40 | 0.06 | 1.95 | 0.05 |
RBL Credit Cards Against FD
| Particulars | Freedom SuperCard |
| Card Limit | Up to 100% of FD |
| Joining Fee | Rs 999 |
| Annual Fee | Rs 999 (from 2nd year onwards) |
| Add on Card Fee | NIL |
| Finance Charges | 47.88% p.a. |
Types of RBL FD Schemes
Regular Fixed Deposits
- Tenure: 7 days – 20 years; Maximum tenure is 10 years if fixed deposits are booked through online channels
- Nomination facility is available
- Overdraft facility is available against fixed deposit
- Interest rates will be calculated on a “simple interest” basis for tenures of less than 180 days
- Monthly and quarterly payout options are available. In case of monthly payout, interest will be calculated at a discounted rate based on the prevailing rates
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Tax Savings FD
- Deposits under this scheme are eligible for tax deduction of up to Rs 1.5 lakh under Section 80C in each financial year
- Tenure: 5 years
- Nomination facility is available
- Interest rates will be calculated on a simple interest basis with tenure of less than 181 days
- Monthly payout option is available, where interest will be calculated at a discounted rate based on the prevailing rates
- Premature withdrawal or partial withdrawal is not allowed
- Depositors can book Tax saving FD through Net banking and Mobile Banking
Senior Citizen Fixed Deposits
- Additional interest rate of 0.50% p.a.for all tenures is applicable to FDs opened by resident senior citizens of aged 60 years and above
- Tenure: 7 days – 20 years; Maximum tenure is 10 years if FDs are booked through online channels
- Premature/partial withdrawal of deposit is allowed with no penalty
- Interest rates will be calculated on a simple interest basis with tenure of less than 181 days
- Monthly and quarterly pay out options are available. In case of monthly pay out, interest will be calculated at a discounted rate based on the prevailing rates
- FDs can be booked through Mobile Banking and Net Banking
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Flexi Sure Fixed Deposits
- This scheme enables depositors to link their FDs with their savings or current account
- In the case of a fund shortfall in the linked savings or current account, linked deposit amount can be partially broken and the remaining deposit amount will continue to earn the FD interest rate
- Depositors can link multiple deposits
- For fixed deposits with a duration of less than 181 days, interest will be calculated at maturity on the basis of simple interest.
- Monthly payout option is available, where interest will be calculated at a discounted rate based on the prevailing rates
NRE Fixed Deposits
- Tenure: 7 days – 20 years; Maximum tenure is 10 years if FDs are booked through online channels
- The principle and interest amount is fully repatriable
- FD can be held jointly with non-residents
- Depositors can opt for a monthly or quarterly payout option or keep investing till maturity
- Partial withdrawal is permitted
- Automatic renewal facility is available on maturity
NRO Fixed Deposits
- Tenure: 7 days – 20 years; Maximum tenure is 10 years if fixed deposits are booked through online channels
- Deposits can be repatriated with a limit of USD 1 million in a financial year
- Partial withdrawal facility is available
- Automatic renewal facility is available on deposits
- Depositors can enjoy higher post tax yields by availing Double Taxation Avoidance Agreement (DTAA) facility
NRO Tax Saver Fixed Deposits
- Tenure: 5 years
- Nomination facility is available
- Premature withdrawal or partial withdrawal is not allowed
- FD can be repatriated with a limit of USD 1 million in a financial year
- Depositors can book NRO Tax saving FD through Net banking and Mobile Banking
FCNR Fixed Deposits
- This FD scheme can be opened in the following currencies: US Dollars (USD), Australian Dollar (AUD), Canadian Dollar (CAD), Euro, British Pound Sterling (GBP), Japanese Yen (YEN), Singapore Dollar (SGD) and Swiss Franc (CHF)
- Both the principal and interest earned are fully repatriable
- Half yearly payout option is available
- Automatic renewal facility is available on maturity
Premature Withdrawal of Fixed Deposits – Penalty Charges
- Premature/partial withdrawal of deposits is allowed, subject to a penalty of 1%. Interest will be calculated at the applicable interest rate for the period for which the FD has remained with the bank or at the contracted rate, whichever is lower.
- No penalty is levied for the premature withdrawal of senior citizen FDs
- In case of NRE FDs and FCNR deposits, no interest will be paid if the deposit amount is prematurely closed within a duration of 1 year
- No interest will be paid if NRO fixed deposit is prematurely closed within a tenure of 7 days
FD Calculator
Investors can check the maturity amount of the scheme by using the FD Calculator at Paisabazaar. Also, RBL Bank FD interest rates are different for different tenures. FD calculator will help in deciding the right tenure option which can yield him/her the maximum returns. Any individual can use an FD calculator by providing details like deposit amount, FD Rate, and deposit tenure. Once all the information is entered, investors can check the interest and the maturity amount by using the FD calculator.
Moreover, using the FD calculator, account holders can check and compare RBL Bank FD Interest Rates with other banks as well.
FAQs
Q. What is the minimum and maximum tenure of RBL Bank Fixed Deposit?
The minimum and maximum tenure of RBL Bank FD is 7 days and 20 years respectively.
Q. What are the various types of RBL Bank Fixed Deposit schemes?
There are four types of RBL Bank Fixed Deposit schemes and they are:
- RBL Bank Regular Fixed Deposit Scheme
- RBL Bank Tax Saving Fixed Deposit Scheme
- RBL Bank Senior Citizen Scheme
- RBL Bank Flexi-Sure Fixed Deposit Scheme
Q. Who all are eligible to open RBL Bank Regular Fixed Deposit scheme?
The following are eligible to open RBL Bank Fixed Deposit scheme :
- Residents
- HUFs