RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 3 crore

FD rate up to 8.6%: This private bank revises interest rates on fixed deposits The revised FD interest rates are effective from July 29, 2024. The bank has also revised savings account interest rates, and the new rates are effective July 1, 2024

RBL Bank has revised the interest rates of fixed deposits for amounts below Rs 3 crore. The revised FD interest rates are effective from July 29, 2024. The bank has also revised savings account interest rates. The new rates are effective July 1, 2024.

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What is the highest interest FD rate RBL Bank is offering?

RBL Bank offers the highest interest rate of 8.10% on FDs maturing in 500 days. On the same FD tenure, the senior citizen will earn 0.50% extra i.e., 8.60%, and super senior citizens (80 years and above) are eligible for an additional interest rate of 0.75% i,e., 8.85%


Deposits below INR 3 crorePeriod of DepositDomestic & Flexi FD Interest Rates p.a.Senior Citizen Interest Rates p.a.7 days to 14 days3.50%4.00%15 days to 45 days4.00%4.50%46 days to 90 days4.50%5.00%91 days to 180 days4.75%5.25%181 days to 240 days5.50%6.00%241 days to 364 days6.05%6.55%365 days to 452 days (12 months to less than 15 months)7.50%8.00%453 days to 499 days (15 months to 16 months 14 days)7.80%8.30%500 days8.10%8.60%501 days to 545 days (16 months 16 days to less than 18 months)7.80%8.30%546 days to 24 months (18 months to 24 months)8.00%8.50%24 months 1 day to 36 months7.50%8.00%36 months 1 day to 60 months 1 day7.10%7.60%60 months 2 days to 120 months7.00%7.50%Tax Savings Fixed Deposits (60 months)7.10%7.60%

RBL savings account interest rates

RBL Bank offers savings account interest rate between 3.75% to 7.75% depending on the amount. *On daily balances in excess of INR 1 lakh.

Daily balanceRate of Interest (p.a.) Effective from1-Jul-24Upto INR 1 lakh3.75%Above INR 1 lakh upto INR 10 lakh*5.50%Above INR 10 lakh upto INR 25 lakh*6.00%Above INR 25 lakh and upto INR 2 Crore*7.50%Above INR 2 Crore and upto INR 3 Crore*7.00%Above INR 3 Crore upto INR 7.5 Crore*6.50%Above INR 7.5 Crore upto INR 25 Crore*6.25%Above INR 25 Crore upto INR 50 Crore*6.25%Above INR 50 Crore upto INR 75 Crore*5.25%Above INR 75 Crore upto INR 100 Crore*7.75%Above INR 100 Crore upto INR 125 Crore*7.75%Above INR 125 Crore upto INR 200 Crore*6.00%Above INR 200 Crore upto INR 400 Crore*4.00%Above INR 400 Crore*6.75%Source: Bank website. #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
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This story originally appeared on: India Times - Author:Faqs of Insurances