Earn up to 8.85% FD rate: RBL Bank launches 'Vijay Fixed Deposits'; check details It has been designed to show appreciation for our military men. This limited-period offer pays tribute to the courage and sacrifices of our brave soldiers while providing exceptional financial benefits
RBL Bank has launched a special fixed deposit termed as 'Vijay Fixed Deposits'. This limited-time offer honors the bravery and sacrifices of India’s warriors offering significant financial rewards. The 'Vijay Fixed Deposits', has been designed to show appreciation for our military men, an RBL bank press release stated.
'Vijay Fixed Deposits' details
Here is a look at the FD’s interest rates:#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;} 8.85% p.a. for Super Senior Citizens8.60% p.a. for Senior Citizens8.1% p.a. for Regular Fixed DepositGet up to 8.5% FD interest rate, 8% on savings accounts: Latest Bandhan Bank interest rates on deposits
“This limited-period offer pays tribute to the courage and sacrifices of our brave soldiers while providing exceptional financial benefits. Designed as a mark of respect and appreciation for our service members, the ‘Vijay Fixed Deposits’ offer a distinctive 500-day tenor for deposits of less than Rs 3 crore,” stated the press release.
How to invest
You can book this FD either via the RBL Bank MoBank app, or visit the nearest RBL Bank branch.
RBL Bank FD interest rates
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%
Period 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%Highest8.60%Highest501 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%
Premature withdrawal rules
Minimum tenure for domestic & NRO FD is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit.
According to the RBL Bank website, “On premature full/partial withdrawal of the Fixed Deposit, interest shall be paid at the rate that was applicable on the date the deposit was placed and for the period for which the deposit is maintained with the Bank, subject to a penalty of 1% on such rate. However, there is no penalty for premature withdrawal of Fixed Deposits by senior citizens/super senior citizens.”
Deposits below Rs 3 crore- Premature withdrawal not allowed
The limit is Rs 50 lakhs and above for non-individual and INR 1 crore above for individual customers.
Period of DepositDomestic FD Interest Rates p.a.Senior Citizen Interest Rates p.a.365 days to 452 days (12 months to less than 15 months)7.70%8.20%453 days to 499 days (15 months to 16 months 14 days8.00%8.50%500 days8.30%Highest8.80%Highest501 days to 545 days (16 months 16 days to less than 18 months)8.00%8.50%546 days to 24 months (18 months to 24 months)8.20%8.70%24 months 1 day to 36 months7.70%8.20%36 months 1 day to 60 months 1 day7.30%7.80%60 months 2 days to 120 months7.20%7.70%
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This story originally appeared on: India Times - Author:Faqs of Insurances
