Report Wire - RBL Bank introduces particular FD charges with as much as 8.3% return

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RBL Bank introduces particular FD charges with as much as 8.3% return

2 min read
RBL Bank Limited. (Mint)

RBL Bank has elevated particular tenor mounted deposit (FD) charges, efficient 25 November, with the utmost price now set at 8.05% for senior residents. For non-senior residents, the utmost FD price stands at 7.55% for the 453 to 459 days, 460 to 724 days and 725 days tenures. However, charges for tremendous senior residents have been mounted at 8.30% for a similar tenure.

For the tenure of 365 to 452 days and 726 to 24 months, the charges for senior residents have been mounted at 7.50%. Similarly, for non-senior residents, the FD price stands at 7% for a similar tenor.

FDs with greater than 60 months of tenure will fetch a 6.75% return for senior residents, whereas FDs will fetch 6.25% for non-senior residents. On the opposite hand, super-senior residents will fetch 7% returns. The firm lets you begin FDs of tenures starting from 7 days to 240 months.

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* Senior citizen and tremendous citizen charges are relevant just for home deposits.

Besides, on Tuesday, Bajaj Finance Ltd., a non-banking finance firm (NBFC), launched a brand new 39 months particular tenor mounted deposit (FD) scheme with a price of seven.85% for senior residents. For non-senior residents, the FD price stands at 7.60% for the 39 months tenor. However, the best price for senior residents is mounted at 7.95% for 44 months. For non-senior residents, the best FD price stands at 7.70% for a similar tenor (44 months). A 12-23 months cumulative FD will fetch 6.80%, whereas a 15-month particular FD will get 6.95% (for non-senior residents). On the opposite hand, a 12-23 months cumulative FD for senior residents will fetch 7.05%, whereas a 15-month particular FD will get 7.20% (for senior residents). The firm lets you begin FDs of tenures starting from 12 to 60 months.

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