RBL Bank FD Rates

Note: Interest rates w.e.f. August 13, 2019. Figures mentioned in the above table are subject to change without prior information.

The above mentioned rates are also applicable for NRE/NRO Fixed Deposits.

Note: Interest rates w.e.f. August 13, 2019. Figures mentioned in the above table are subject to change without prior information.

The above mentioned rates are also applicable for NRE/NRO Fixed Deposits.

1. RBL Bank Regular Fixed Deposit Scheme

RBL Bank Regular Fixed Deposit Scheme is the basic fixed deposit scheme available to investors. The scheme has the following features:

Eligibility –

The following are eligible to open the account-

• Residents
• HUFs

2. RBL Bank Tax Saving Fixed Deposit Scheme

This is another type of Fixed Deposit account with the sole purpose of tax savings, wherein the deposits are eligible for tax exemption according to the Income Tax Act, 1961 (Section 80C). The scheme has the following features:

Eligibility –

The following are eligible to open the account:

• Resident Individuals
• HUFs

3. RBL Bank Senior Citizen Scheme

This scheme is meant especially to provide fixed deposits for senior citizens. In order to open this fixed deposit account, the applicant must be over the age of 60 years. The main benefit of this scheme is that the depositors’ gets to enjoy an interest rate that is higher than those meant for other schemes. The scheme has the following features:

4. RBL Bank Flexi-Sure Fixed Deposit Scheme

This is a fixed deposit scheme that is linked with the customer’s savings or current account. The customer, therefore, enjoys better returns and also enjoys the facility of liquidity. A deficit that occurs in the account is taken care of by withdrawing the exact amount from the Flexi-Sure Fixed Deposit Account.

RBL Bank Premature Withdrawal Facility means that the depositor can withdraw the fixed deposit amount before maturity. Fixed Deposit is classified into two types:

• With the premature withdrawal facility
• Without premature withdrawal facility (For instance – Tax Saving FD that comes with a lock-in period of 5 years)

However, individuals who want to make premature withdrawals will be required to pay penalty for the same, which will be charged on the RBL Bank FD Rate.

Investors can check the maturity amount of the scheme by using the RBL Bank 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 with the maximum returns. Any individual can use a FD calculator by providing details like deposit amount, RBL Bank 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 RBL Bank FD calculator, account holders can check and compare RBL Bank FD Interest Rates with other banks as well.

For opening a RBL Bank Fixed Deposit account, the documents mentioned below have to be submitted by the customer to the bank. The documents should be original for verification and self-attested copies should be taken as well:

• Identity Proof (Any one) – Passport / Voter ID card / Driving License / PAN Card /Government ID Card / Ration Card / Senior citizen ID Card
• Address Proof (Any one) – Passport / Ration Card / Aadhar Card / Electricity or Telephone Bill / Rental Agreement / Certificate or ID Card issued by the Post Office

Customers can open their RBL Bank Fixed Deposit account by visiting the nearest branch. Account holders will be required to fill up the application form and submit the deposit amount to open a Fixed Deposit account. Customers can also open their fixed deposit account via internet banking also. For any further assistance, customers can call RBL Bank customer care number.

Q. What is the minimum and maximum tenure of RBL Bank Fixed Deposit?

A. The minimum tenure of RBL Bank FD is 7 days & 20 years respectively.

Q. What are the various types of RBL Bank Fixed Deposit schemes?

A. 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. What is the highest RBL Bank FD interest rate?

A. The highest RBL Bank FD interest rate is 7.75% for regular individuals and 8.25% for senior citizens.

Q. Who all are eligible to open RBL Bank Regular Fixed Deposit scheme?

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

• Residents
• HUFs