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RBL Bank FD Interest Rates
Ratnakar Bank Limited (RBL) offers competitive interest rates on its Fixed Deposit (FD) accounts. Currently, the bank provides an interest rate ranging from 3.50% to 7.50% for general citizens, depending on the maturity period selected, which can range from 7 days to 20 years. Additionally, senior citizens are offered an additional interest rate of 0.50%, making it even more attractive for them to invest in RBL Bank FDs. With these favorable interest rates, customers have the opportunity to grow their savings steadily and securely.
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RBL Bank FD Rates in India : Below 2 Crores
| 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 to 452 days (12 months to less than 15 months) | 7.00% | 7.50% |
| 453 days to less than 24 months (15 months to less than 24 months) | 7.80% | 8.30% |
| 24 months to less than 36 months | 7.50% | 8.00% |
| 36 months to 60 months 1 day | 7.10% | 7.60% |
| 60 months 2 days to 240 months | 7.00% | 7.50% |
| Tax Savings Fixed Deposit (60 months) | 7.10% | 7.60% |
Compare FD Interest Rates of Top Financial Institutions
| BANKS | GENERAL CITIZENS | SENIOR CITIZEN |
| SBI FD Rates | 3.00% - 7.10% | 3.50% - 7.60% |
| HDFC Bank FD Rates | 3.00% - 7.25% | 3.50% - 7.75% |
| ICICI Bank FD Rates | 3.00% - 7.10% | 3.50% - 7.60% |
| Axis Bank FD Rates | 3.50% - 7.20% | 3.50% - 7.95% |
| PNB FD Rates | 3.50% - 7.25% | 4.00% - 7.75% |
| Yes Bank FD Rates | 3.25% - 7.00% | 3.75% - 7.75% |
| Kotak Mahindra FD Rates | 2.75% - 6.20% | 3.25% - 6.70% |
| Bandhan Bank FD Rates | 3.00% - 5.00% | 3.75% - 5.75% |
| Union Bank of India FD Rates | 3.00% - 5.50% | 3.75% - 5.75% |
| Indusind Bank FD Rates | 2.75% - 6.00% | 3.25% - 6.50% |
| Canara Bank FD Rates | 2.93% - 6.40% | 2.93% - 6.40% |
| Bank of Baroda FD Rates | 3.00% - 5.10% | 3.50% - 5.60% |
| IDFC Bank FD Rates | 3.50% - 6.00% | 4.00% - 6.50% |
| Indian Bank FD Rates | 2.90% - 5.15% | 3.40% - 5.65% |
| DBS Bank FD Rates | 2.50% - 5.50% | 2.50% - 5.50% |
| UCO Bank FD Rates | 2.55% - 5.05% | 3.80% - 6.30% |
| Bank of India FD Rates | 2.85% - 5.35% | 3.00% - 6.50% |
| IDBI Bank FD Rates | 2.90% - 5.30% | 3.40% - 5.90% |
| Central Bank of India FD Rates | 2.75% - 5.15% | 3.25% - 5.65% |
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RBL Bank Tax Saver Deposit
| Tenure | Regular Citizens | Senior Citizens |
| 5 years | 7.10% | 7.60% |
FD Rates on NRE and NRO Deposits of Below Rs 2 Crores
| Period of Deposit | NRE Interest Rates p.a. | NRO Interest Rates p.a. |
| 365 days to 452 days (12 months to less than 15 months) | 7.20% | 7.20% |
| 453 days to less than 24 months (15 months to less than 24 months) | 8.00% | 8.00% |
| 24 months to less than 36 months | 7.70% | 7.70% |
| 36 months to 60 months 1 day | 7.30% | 7.30% |
| 60 months 2 days to 240 months | 7.20% | 7.20% |
RBL FCNR (B) Deposit Rates
| Period | USD | GBP | EUR | AUD | SGD | JPY | CAD | CHF |
| 1 year and above but less than 2 years | 5.70% | 4.00% | 3.00% | 3.50% | 4.05% | 0.05% | 2.75% | 0.95% |
| 2 year and above but less than 3 years | 5.50% | 4.20% | 2.20% | 3.50% | 3.75% | 0.05% | 2.50% | 0.95% |
| 3 year and above but less than 4 years | 4.40% | 4.00% | 2.00% | 2.85% | 1.30% | 0.06% | 2.25% | 0.25% |
| 4 year 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 | 5.35% | 3.00% | 2.00% | 2.60% | 1.40% | 0.06% | 2.00% | 0.05% |
RBL Bank Fxed Deposits Features and Benefits
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RBL Bank FD tenure: 7 days to 20 years.
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High return investment options.
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Flexible interest pay-out options: quarterly, monthly, or until maturity.
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Online and internet banking for convenient FD booking.
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Nomination facility available.
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Overdraft/loan up to 90% of the FD amount.
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Premature/partial withdrawal allowed.
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Use the FD calculator to determine your fixed deposit's maturity earnings.
Types of RBL Bank Fixed Deposits
The types of fixed deposits offered by RBL Bank are:
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Regular Fixed Deposits
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RBL Bank provides a fixed deposit scheme specifically designed for individuals with a regular fixed income.
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The tenure for this scheme ranges from 7 days to 20 years. However, if you book the fixed deposits online, the maximum tenure is 10 years.
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This scheme offers attractive interest rates for fixed deposits at RBL Bank and provides convenient investment options.
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The option to nominate a beneficiary is available within this scheme.
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If you hold an account with RBL Bank, you can easily book this scheme online through net banking.
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You can utilize the overdraft facility against your fixed deposit.
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For tenures less than 180 days, the interest rates will be calculated based on a "simple interest" method.
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You have the flexibility to choose between monthly and quarterly payout options. In the case of a monthly payout, the interest will be calculated at a discounted rate determined by the prevailing rates.
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Senior Citizen Fixed Deposits
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Rates for fixed deposits opened by senior citizens aged 60 years and above will be increased by an additional 0.50% per annum.
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The available tenure for fixed deposits ranges from 7 days to 20 years, but if booked online, the maximum tenure is 10 years.
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Premature or partial withdrawal of the deposit is permitted without any penalty.
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For tenures of less than 181 days, interest rates will be calculated on a simple interest basis.
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Monthly and quarterly payout options are provided. In the case of monthly payouts, the interest
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will be calculated at a discounted rate based on the prevailing rates.
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Fixed deposits can be booked through Mobile Banking and Net Banking.
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The investment process is simple and convenient.
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The bank allows customers to choose the frequency of interest payment.
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If the depositor holds an RBL Bank account, they can easily book a fixed deposit through net banking.
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RBL Bank Tax Saving Fixed Deposits
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Rs. 1.5 lakh is deducted from taxable income in each financial year for deposits made under this scheme, according to Section 80C.
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The duration of the scheme is 5 years.
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Depositors have the option to nominate someone for the scheme.
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For tenures shorter than 181 days, interest rates will be calculated based on simple interest.
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Depositors can choose the monthly payout option, where interest will be calculated at a reduced rate determined by current rates.
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Premature withdrawal is not permitted.
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Depositors can conveniently book a Tax saving FD through Net banking and Mobile Banking.
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Digital Fixed Deposits
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The option to open a fixed deposit (FD) online is accessible to depositors without requiring them to open a savings bank account.
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Depositors have the choice to reinvest their funds and receive interest payouts on a monthly or quarterly basis.
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After opening a fixed deposit online, depositors can also choose to open a digital savings account.
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Credit card and overdraft facilities are available for depositors who have an online fixed deposit.
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Depositors can also select the digital fixed deposit product to receive daily hospital cash benefit coverage.
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Flexi Sure Fixed Deposits
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This scheme allows depositors to connect their fixed deposits (FDs) to their savings or current account.
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If there is a lack of funds in the linked savings or current account, a portion of the linked deposit can be withdrawn while the remaining amount will still earn interest at the FD interest rate.
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Depositors have the option to link multiple deposits.
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For fixed deposits with a duration of less than 181 days, interest will be calculated using simple interest and paid at maturity.
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There is a monthly payout option available, where the interest will be calculated at a discounted rate based on the current rates.
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Super Senior Citizen Fixed Deposits
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Resident super senior citizens aged 80 and above receive an extra interest rate of 0.75% p.a. for all FD tenures.
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Tenure ranges from 7 days to 20 years, with a maximum of 10 years for online bookings.
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Super senior citizens can avail an overdraft facility of up to 90% of the principal amount.
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No 1% penalty for premature/partial withdrawal of the deposit.
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Interest is calculated using simple interest for tenures less than 181 days.
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Monthly and quarterly pay-out options are available, with discounted rates for monthly payouts.
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Depositors can choose to receive interest at maturity.
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Nomination facility is provided.
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FDs can be booked through Mobile Banking and Net Banking.
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Flexi Sure Fixed Deposits
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It is a fixed deposit scheme that is linked with your current or savings account with ensured liquidity. Whenever you have a shortage in your savings or current account, this FD can be broken partially to meet the shortfall in your cash whereas the remaining part keeps earning interest.
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Option to choose the tenure of the deposit.
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Offers the convenience to link multiple deposits in your fixed deposit account.
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FAQ's
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What is the eligibility criteria for FDs in RBL bank?
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Must be an Indian resident.
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Must hold a bank account with RBL.
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What are the documents required to open a fixed deposit?
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Proof of identity.
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Proof of address.
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Bank account details.
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2 passport-size photos.
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PAN Card.
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What happens if I withdraw my RBL Bank Fixed Deposit before its maturity date?
According to the terms and conditions, in the case of premature full or partial withdrawal, the interest will be paid at the rate applicable on the date of deposit placement for the period it was maintained, subject to a 1% penalty on that rate. -
Are there any exceptions to the penalty for premature withdrawal?
Yes, senior citizens and super senior citizens are exempt from the penalty for premature withdrawal of their Fixed Deposits. -
Is there a minimum amount required to open a Fixed Deposit with RBL Bank?
Yes, you can open an FD account with a minimum deposit of Rs. 1,000. -
Can I change the tenure of my existing fixed deposit account with RBL Bank?
No, it is not possible to change the tenure of your existing FD account with RBL Bank. -
Is it possible to deposit some additional amounts in my FD account?
No, you cannot deposit an additional amount after opening an FD account with the bank. However, if you wish to add more amount to your FD, then you can open a new fixed deposit account with the bank. -
Who can open an FD account with RBL Bank?
All resident individuals, NRIs, HUFs, Firms, and minors can open a fixed deposit account with the bank. -
Provide the list of the documents needed for opening an FD account with the bank?
The documents that are needed for opening an FD account with RBL bank are - two photographs and a PAN card. -
Can I change the tenure of my existing fixed deposit with the RBL Bank?
No, it is not possible to change the tenure of my fixed deposit once the FD account is opened. However, if you wish you can close your existing FD and open a new FD with changed tenure. -
What are the implications of opening an FD account without a PAN Card?
You will have to face the following issues if you have opened an FD account without a PAN card:- The income tax department will not credit any TDS.
- The TDS deduction rate will be 20% which is 10% for those who have PAN card u/s 206AA.
- You will not get a TDS certificate.
- Form 15H/G and other certificates of tax exemption become invalid and penal TDS is applied.
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What are the current RBL Bank FD rates for the general public?
Current RBL Bank FD rates for the general public are - 3.25% to 6.50%. -
Is it possible to open an FD account online with RBL bank?
Yes, it is possible to open an FD account online with RBL Bank through its website. As soon as you apply for the same, a bank's representative will contact you and further process your request, which includes the submission of KYC documents and filling out the application process. -
In how many years has the FD of RBL Bank gets doubled?
The RBL Bank FD rates depend on the tenure for which you invest your money. For getting the period in which, your FD will be doubled, you should divide 72 by 6.50%. So, for RBL Bank, the number of years in which your FD gets doubled is 72/6.50 = 11.
*All savings are provided by the insurer as per the IRDAI approved
insurance plan. Standard T&C Apply
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable
tax slabs post 31st march 2023
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