Fixed Deposit Rate of Rbl Bank
|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||6.75%||7.25%|
|91 days to 180 days||6.75%||7.25%|
|181 days to 240 days||7.00%||7.50%|
|241 days to 364 days||7.25%||7.75%|
|1 year to 1 year 364 days||7.50%||8.00%|
|2 years to 2 years 364 days||7.65%||8.15%|
|3 years to 4 years 364 days||7.50%||8.00%|
|5 years to 9 years 364 days||7.50%||8.00%|
|10 years to 20 years||7.50%||8.00%|
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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.
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.
List of Bank
- Allahabad Bank
- Andhra Bank
- Axis Bank
- Bandhan Bank
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Canara Bank
- Central Bank of India
- Citi Bank
- Corporation Bank
- Dena Bank
- HDFC Bank
- ICICI Bank
- IDBI Bank
- IDFC Bank
- Indian Bank
- Indian Overseas Bank
- IndusInd Bank
- Karnataka Bank
- Kotak Mahindra Bank
- Punjab National Bank
- State Bank of Hyderabad
- State Bank Of India
- State Bank of Mysore
- State Bank of Travancore
- Syndicate Bank
- UCO Bank
- Union Bank of India
- Vijaya Bank
- Yes Bank