RBL Bank revises rates of interest on fastened deposits: Check new charges

RBL Bank, a personal sector lender, has revised rates of interest on fastened deposits under ₹2 crore. The financial institution introduced this at the moment, June 8, 2022, and because of the modification, the financial institution is providing an everyday charge of three.25% to five.75% to most people and three.75% – 6.25% to senior residents.

RBL Bank FD Rates

The financial institution will give a 3.25 per cent rate of interest on deposits made between 7 and 14 days, and a 3.75 per cent rate of interest on deposits made between 15 and 45 days. The rate of interest on time period deposits maturing from 46 days to 90 days is 4.00 per cent, whereas the rate of interest on fastened deposits maturing from 91 days to 180 days is 4.50 per cent. RBL Bank is presently providing a 5.00 per cent rate of interest on deposits maturing from 181 days to 240 days and a 5.25 per cent rate of interest on deposits maturing from 241 days to 364 days. 

Previously, the financial institution supplied a 6.25 per cent rate of interest on deposits maturing in 12 months to lower than 24 months, however now it can supply a 6.25 per cent rate of interest on deposits maturing in 12 months to lower than 15 months, 6.65 per cent on deposits maturing in 15 months, and 6.25 per cent on deposits maturing in 15 months 1 day to lower than 24 months. Following the change, RBL Bank will now supply common prospects a most charge of 6.65 per cent on 15-month deposits. 

RBL Bank will proceed to supply a 6.50 per cent rate of interest on fastened deposits maturing in 24 months to lower than 36 months and a 6.30 per cent rate of interest on deposits maturing in 36 months to lower than 60 months. Fixed deposits maturing in 60 months to 60 months 1 day will now fetch an rate of interest of 6.30, and stuck deposits maturing in 60 months 2 days to lower than 240 months will now fetch an rate of interest of 5.75%. The common public will now get a 6.30 per cent rate of interest on their 60-month Tax Savings Fixed Deposit. Senior residents will proceed to get a 0.50 per cent premium over the common charge on all tenors, with a most charge of seven.15 per cent on 15-month deposits following the revision.

“Attention of consumers/public is invited on the modifications in rates of interest Fixed Deposits w.e.f. June 08, 2022. Interest Rate on Domestic, NRO, NRE & Flexi Fixed Deposits,” the financial institution has talked about on its web site. 

Period of DepositInterest Rates p.a.Senior Citizen Interest Rates p.a.7 days to 14 days3.25percent3.75percent15 days to 45 days3.75percent4.25percent46 days to 90 days4.00percent4.5percent91 days to 180 days4.50percent5.00percent181 days to 240 days5.00percent5.5percent241 days to 364 days5.25percent5.75percent12 months to lower than 15 months6.25percent6.75percent15 months6.65percent7.15percent15 months 1 day to lower than 24 months6.25percent6.75percent24 months to lower than 36 months6.50percent7.00percent36 months to lower than 60 months6.30percent6.80percent60 months to 60 months 1 day6.30percent6.80percent60 months 2 days to lower than 120 months5.75percent6.25percent120 months to 240 months5.75percent6.25%Tax Savings Fixed Deposit (60 months)6.30percent6.80%

Source: Bank Website

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