Rbl Bank FD Rates

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 14 days 5.00% 5.50%
15 days to 45 days 5.25% 5.75%
46 days to 90 days 7.00% 7.50%
91 days to 180 days 7.15% 7.65%
181 days to 240 days 7.15% 7.65%
241 days to 364 days 7.15% 7.65%
1 year to 1 year 364 days 7.25% 7.75%
2 years to 2 years 364 days 7.25% 7.75%
3 years to 4 years 364 days 7.15% 7.65%
5 years to 9 years 364 days 7.15% 7.65%
10 years to 20 years 7.10% 7.60%

Rbl Bank Fixed Deposit Calculator

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Investment Amount Minimum - Rs.1000 Maximum- No Maximum Limit
Tenure Minimum - 7 daysMaximum- 20 Years
Tax Saving Fixed Deposits Under Section 80C of Income Tax Act, you can enjoy tax exemption on the deposit amount between Rs. 100 to Rs. 1,50,000
Senior Citizen Offer Apart from 0.5% additional interest per annum, senior citizens can avail monthly and quarterly interest until maturity

Rbl Bank FD Interest Rates

What Causes Interest Rates of Fixed Deposits to Increase?

A fixed deposit account is every Indian’s most preferred way of investment. The interest rate on fixed deposit account varies from bank to bank. The minimum amount required to open a fixed deposit account is also different in each bank.

Like most Indian banks, the RBL FD interest rates are attractive. However, the interest rate that is offered by these banks including the RBL FD rates depends on certain conditions.

1. Economic Conditions

In a given financial year, the state of the economy determines the return rates of various banks in the country. When the economic growth is high in a particular year, the credit demand increases. In such a case, the banks make FD interest rates attractive. FD interest rates in RBL also depend on the economic conditions.

2. Inflation

Inflation is when the cost of the goods increases. During inflation, there is a possibility of rupee devaluation.  This is most commonly caused due to a lower percentage of purchasing power. This leads to loss of interest in the loans that are lent. To nullify this, banks increase the interest rate on fixed deposits.

Thus the interest rates on fixed deposits across all banks including fixed deposit rates in RBL depend on various economic factors.

The RBL Bank offers competitive interest rates on fixed deposits. The customer can choose from the selection of tenures that include short-term and medium-term.  The fixed returns and the safety of the investment make RBL fixed deposits a beneficial choice of investment.


RBL Bank Fixed Deposit Rates

It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.

For Domestic Deposits - Less than lakh to Rs. 1 cr (As on May 25, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 14 days Less than lakh to Rs. 1 cr 5 5.5
15 days to 45 days Less than lakh to Rs. 1 cr 5.25 5.75
46 days to 90 days Less than lakh to Rs. 1 cr 6.75 7.25
91days to 180 Days Less than lakh to Rs. 1 cr 6.75 7.25
181 days to 240 days Less than lakh to Rs. 1 cr 7 7.62
241 days to 364 days Less than lakh to Rs. 1 cr 7.1 7.82
12 month to less than 24 month Less than lakh to Rs. 1 cr 7.4 8.14
24 month to less than 36 month Less than lakh to Rs. 1 cr 7.5 8.24
36 month to les than 60 month Less than lakh to Rs. 1 cr 7.35 8.08
60 months to 120 months Less than lakh to Rs. 1 cr 7.35 8.08
120 months to 240 months Less than lakh to Rs. 1 cr 7.35 8.08

 

For Domestic Deposits - Rs. 1 cr and above to upto Rs 3 cr (As on May 25, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
7 days to 14 days Rs. 1 cr and above to upto Rs 3 cr 5.75 6.25
15 days to 45 days Rs. 1 cr and above to upto Rs 3 cr 5.75 6.25
46 days to 90 days Rs. 1 cr and above to upto Rs 3 cr 6.5 7
91days to 180 Days Rs. 1 cr and above to upto Rs 3 cr 6.75 7.25
181 days to 240 days Rs. 1 cr and above to upto Rs 3 cr 7 7.62
241 days to 364 days Rs. 1 cr and above to upto Rs 3 cr 6.95 7.66
12 month to less than 24 month Rs. 1 cr and above to upto Rs 3 cr 7.05 7.77
24 month to less than 36 month Rs. 1 cr and above to upto Rs 3 cr 7 7.71
36 month to les than 60 month Rs. 1 cr and above to upto Rs 3 cr 7 7.71
60 months to 120 months Rs. 1 cr and above to upto Rs 3 cr 7 7.71
120 months to 240 months Rs. 1 cr and above to upto Rs 3 cr 7 7.71

 

Tax Saver FD (Max Deposit - 1 LPA)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
General Senior Citizen
Ratnakar Tax Savings Term Deposit Scheme - 60 months to 120 months Upto Rs. 1 lakh 7.35 8.08

 

Tax Implications

  1. The amount invested in Fixed Deposit with a tenure of 5 years with RBL Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
  2. The applicable tax will be deducted at source, i.e. RBL Bank, in case the annual interest earned crosses Rs. 10,000.

 

For NRO Fixed Deposit - Less than lakh to Rs. 1 cr (As on May 25, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
7 days to 14 days Less than lakh to Rs. 1 cr 5
15 days to 45 days Less than lakh to Rs. 1 cr 5.25
46 days to 90 days Less than lakh to Rs. 1 cr 6.75
91days to 180 Days Less than lakh to Rs. 1 cr 6.75
181 days to 240 days Less than lakh to Rs. 1 cr 7
241 days to 364 days Less than lakh to Rs. 1 cr 7.1
12 month to less than 24 month Less than lakh to Rs. 1 cr 7.4
24 month to less than 36 month Less than lakh to Rs. 1 cr 7.5
36 month to les than 60 month Less than lakh to Rs. 1 cr 7.35
60 months to 120 months Less than lakh to Rs. 1 cr 7.35
120 months to 240 months Less than lakh to Rs. 1 cr 7.35

 

For NRO Fixed Deposit - Rs. 1 cr and above to upto Rs 3 cr (As on May 25, 2017)

MATURITY PERIOD DEPOSIT AMOUNT INTEREST RATE (% p.a.)
7 days to 14 days Rs. 1 cr and above to upto Rs 3 cr 5.75
15 days to 45 days Rs. 1 cr and above to upto Rs 3 cr 5.75
46 days to 90 days Rs. 1 cr and above to upto Rs 3 cr 6.5
91days to 180 Days Rs. 1 cr and above to upto Rs 3 cr 6.75
181 days to 240 days Rs. 1 cr and above to upto Rs 3 cr 7
241 days to 364 days Rs. 1 cr and above to upto Rs 3 cr 6.95
12 month to less than 24 month Rs. 1 cr and above to upto Rs 3 cr 7.05
24 month to less than 36 month Rs. 1 cr and above to upto Rs 3 cr 7
36 month to les than 60 month Rs. 1 cr and above to upto Rs 3 cr 7
60 months to 120 months Rs. 1 cr and above to upto Rs 3 cr 7
120 months to 240 months Rs. 1 cr and above to upto Rs 3 cr 7

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