RBL Bank Fixed Deposit Interest Rates

RBL Bank Tax Saver Deposit

Tenure	Interest Rates (% p.a.)
	Regular Citizens	Senior Citizens
5 years	7.10	7.60

FD Rates on NRE Deposits of below Rs 2 crore w.e.f. 24 November 2023

Tenure	Interest Rates (% p.a.)
12 months to less than 15 months	7.50
15 months to less than 18 months	7.80
18 months to 24 months	8.00
24 months 1 day to less than 36 months	7.50
36 months to 60 months 1 day	7.10
60 months 2 days to 240 months	7.00

Interest Rates on FCNR(B)/RFC deposits w.e.f. 1 December 2023

Tenure	Interest Rates (% p.a.)
	USD	GBP	EUR	AUD	SGD	JPY	CAD	CHF
1 year and above but less than 2 years	6.10	4.00	3.00	3.50	4.05	0.05	2.75	0.95
2 years and above but less than 3 years	5.50	4.20	2.20	3.50	3.75	0.05	2.50	0.95
3 years and above but less than 4 years	4.40	4.00	2.00	2.85	1.30	0.06	2.25	0.25
4 years and above but less than 5 years	4.45	3.00	2.00	2.75	1.35	0.06	2.00	0.05
5 years	6.00	3.00	2.00	2.60	1.40	0.06	2.00	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 the case of a monthly payout, interest will be calculated at a discounted rate based on the prevailing rates

Tax Savings FD

• Deposits under this scheme are eligible for a 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 a 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

Digital Fixed Deposit

• Depositors can open an FD online without opening a savings bank account
• Re-investment and monthly & quarterly interest pay-out options are available
• Depositors also have the option to open a digital savings account after opening a fixed deposit online
• Credit card and overdraft facilities are also available against an online fixed deposit
• Depositors can also opt for daily hospital cash benefit cover under digital fixed deposit product

Senior Citizen Fixed Deposits

• Eligibility – Resident senior citizens aged 60 years and above
• Additional senior citizen FD interest rates of 0.50% p.a. are applicable for all tenures
• 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 a tenure of less than 181 days
• Monthly and quarterly payout options are available. In the 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

Super Senior Citizen Fixed Deposit

• Additional interest rate of 0.75% p.a. for all tenures is applicable to FDs opened by resident super senior citizens of 80 years and above
• Tenure: 7 days – 20 years; Maximum tenure is 10 years in case fixed deposits are booked through online channels
• Overdraft facility of up to 90% of the principal value is offered to super senior citizens
• Premature/partial withdrawal of deposit is exempt from a 1% penalty
• Interest rates will be calculated on a simple interest basis with a tenure of less than 181 days
• Monthly and quarterly pay-out options are available. In the case of a monthly payout, interest will be calculated at a discounted rate based on the prevailing rates
• Depositors also have the option of receiving interest pay-out at maturity
• Nomination facility is available
• FDs can be booked through Mobile Banking and Net Banking

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, the 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 principal 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 the 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 is eligible to open RBL Bank Regular Fixed Deposit scheme?

The following are eligible to open the RBL Bank Fixed Deposit scheme :

• Residents
• HUFs

Q: What is the highest FD rate in RBL Bank?