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. You can check RBL Bank FD rates online.Read more
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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.
|Rbl Bank FD Rates in India|
|Tenure||General Public FD Rates||Senior Citizen FD Rates|
|7 days to 14 days||5.00%||5.50%|
|15 days to 45 days||5.50%||6.00%|
|46 days to 90 days||6.15%||6.65%|
|91 days to 180 days||6.40%||6.90%|
|181 days to 240 days||6.65%||7.15%|
|241 days to 364 days||6.65%||7.15%|
|1 year to 1 year 364 days||7.20%||7.70%|
|2 years to 2 years 364 days||7.25%||7.75%|
|3 years 1 day||7.50%||8.00%|
|3 years 2 days to 4 years 364 days||7.00%||7.50%|
|5 years to 9 years 364 days||7.15%||7.65%|
|10 years to 20 years||6.65%||7.15%|
|Axis Bank||5.75%||5 years to 10 years||View Details|
|Bank of Baroda||5.30%||5 years 1 day to 10 years||View Details|
|Bank of India||5.40%||5 years to 10 years||View Details|
|Canara Bank||5.45%||3 years to 10 years||View Details|
|Central Bank of India||5.35%||5 years to 10 years||View Details|
|HDFC Bank||5.50%||5 years 1 day to 10 years||View Details|
|ICICI Bank||5.50%||5 years 1 day to 10 years||View Details|
|IDBI Bank||5.70%||7 years 1 day to 10 years||View Details|
|State Bank Of India||5.40%||5 years to 10 years||View Details|
|Yes Bank||7.00%||1 year to 10 years||View Details|
The types of fixed deposits offered by RBL Bank are:
All the Indian residents, Hindu Undivided Families, public and private companies, partnership firms, and trusts.
Resident Indians who are more than 60 years old.
Hindu Undivided Family and resident Indians.
Public or private limited companies, Resident Indians, trusts, Hindu Undivided Families, and partnership companies.
The FD calculator offers an estimate of how much one will earn from his/her fixed deposit upon its maturity. You can use the calculator of RBL Bank online and fill in some of the details like fixed deposit type, tenure, amount of deposit, and date.
According to the terms and conditions of the RBL Bank, the penalty on premature withdrawal of the FD of RBL Bank is along with the lower rate of interest of 1% than the actual rate of the contract. Upon premature withdrawals of the deposit, the interest is calculated at the RBL Bank FD rates applicable for the tenure for which the FD has kept in the bank.
In a given financial year, the state of the economy determines the return rates of various banks in the country. When 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.
Inflation is when the cost of 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 a 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.
It is advisable to reconfirm the FD Rates from the bank before making any decision based on the data provided below.
INTEREST RATE (p.a.)
Ratnakar Tax Savings Term Deposit Scheme - 60 months
Up to Rs. 1 lakh
*Tax benefit is subject to changes in tax laws
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