Advertisements
rbl bank fd rates 2021 | rbl bank fd rates 2020 | rbl bank fd rates for senior citizens | rbl bank fd rates calculator | rbl bank fd rates today
Advertisements
Do you have an account in RBL Bank? Are you interested to open an FD Account in RBL Bank? Well, as you are reading this article, surely you are interested in RBL Bank’s Fixed Deposit, and when we talk about FD Account, the most important thing is the interest rate. So, in this post, we are going to inform you about the Fixed Deposit of RBL Bank – its Interest Rate Benefits, Maturity, and all the other related issues.
Advertisements
RBL Bank
Advertisements
- RBL Bank is becoming one of the fastest-growing private sector banks in India. At present, RBL Bank has more than 445 branches in India and the number of branches is increasing day by day. RBL Bank is currently serving more than 10 million customers at present. RBL Bank is also listed on both NSE and BSE.
Advertisements
Services Provided by RBL Bank
- RBL Bank provides various banking services like Savings Account, Recurring Deposit Account, Term Deposit (Fixed Deposit) Account, etc. However, as your topic of discussion for this post is Fixed Deposit account, we will focus only on that.
Advertisements
RBL Bank Fixed Deposit Interest Rate Today
The current interest rates of RBL Bank Fixed Deposits are as below: –
| Deposits upto Rs.2 crore | ||
|---|---|---|
| Period of Deposit | Interest Rates p.a. | Senior Citizen Interest Rates p.a. |
| 7 days to 14 days | 3.25% | 3.75% |
| 15 days to 45 days | 3.75% | 4.25% |
| 46 days to 90 days | 4.00% | 4.50% |
| 91 days to 180 days | 4.50% | 5.00% |
| 181 days to 240 days | 5.00% | 5.50% |
| 241 days to 364 days | 5.25% | 5.75% |
| 365 to 452 days | 6.50% | 7.00% |
| 453 to 459 days | 7.00% | 7.50% |
| 460 to 724 days | 7.00% | 7.50% |
| 725 days | 7.25% | 7.75% |
| 726 days to 24 months | 7.25% | 7.75% |
| 24 months to less than 36 months | 6.75% | 7.25% |
| 36 months to 60 months 1 day | 6.55% | 7.05% |
| 60 months 2 days to 240 months | 5.75% | 6.25% |
| Tax Savings Fixed Deposit (60 months) | 6.55% | 7.05% |
Advertisements
RBL Bank Fixed Deposit calculator
- As per the latest interest rate mentioned above, if a general customer fixed Rs. 1,00,000 in RBL Bank Fixed Deposit, after 2 years or 24 months, he/she will get Rs. 1,15,454, i.e. interest of Rs. 15,454.
- As per the latest interest rate mentioned above, if a senior citizen customer fixed Rs. 1,00,000 in RBL Bank Fixed Deposit, after 2 years or 24 months, he/she will get Rs. 1,16,593 i.e. interest of Rs. 16,593.
Advertisements
Advertisements
RBL Bank Fixed Deposit Accounts
- RBL Bank provides four types of Fixed Deposit Accounts –
- Flexi Sure Fixed Deposit
- Regular Fixed Deposit
- Tax Saving Fixed Deposit
- Senior Citizen Fixed Deposit
RBL Bank Flexi Sure Fixed Deposit – Features & Benefits
- This type of Fixed Deposit by RBL Bank protects you from any unforeseen financial situation.
- Any deficit in your linked savings or current account is taken care of by breaking the exact amount from your linked Flexi-sure fixed deposit.
- The linked deposit is partially broken to meet the shortfall – however, the remaining amount will continue to earn interest.
- If you want, you can link multiple fixed deposits to your savings or current account.
- The term for choosing the tenure of the fixed deposit is very flexible.
- With this fixed deposit account, you not only earn better returns but also enjoy the power of liquidity.
Regular Fixed Deposit – Features & Benefits
- This is a fixed deposit scheme intended for people who depend on a regular fixed income with easy investment and attractive returns.
- The convenience of booking a fixed deposit through internet banking & Mobile Banking for RBL Bank account holders.
- Flexibility to choose to receive interest monthly, quarterly, or keep it invested till maturity.
- Booking period – 7 days to 20 years.
- A nomination facility is available.
- Partial/Pre-mature withdrawal of term deposit is permitted.
- Availability of overdraft facility against term deposit.
Tax Saving Fixed Deposit – Features & Benefits
- This is a flexible & secured fixed deposit scheme with dual benefits of tax exemption under section 80C and attractive returns.
- With this FD Account, you can save tax on an amount between Rs. 100 to Rs. 1,50,000 in multiples of Rs. 100.
- The Booking period is a minimum & maximum of 5 years.
- Interest rates for tax-saving TDS are applicable as per the prevailing interest rate. TDS will be applicable as per existing guidelines.
- A nomination facility is available.
- Partial withdrawal / Pre-mature withdrawal is not allowed.
- In the case of joint deposits, the tax benefit under 80C will be available only to the first holder of the deposit.
- The fixed deposit can be booked through Net Banking and Mobile Banking.
Senior Citizen Fixed Deposit – Features & Benefits
- This fixed deposit is to facilitate senior citizens with maximum returns over term deposits and avail additional interest of 0.5% p.a. for all tenures.
- RBL Bank Customers have the convenience of booking deposits through internet banking.
- Customers have the flexibility to receive interest monthly, quarterly, or keep it invested till maturity.
- The Booking period – is 7 days to 20 years.
- A nomination facility is available.
- Partial/Pre-mature withdrawal of term deposit is permitted.
- The fixed deposit can be booked through Online channels (Net Banking and Mobile Banking).
RBL Bank Fixed Deposit Rules
- If you are a New customer to RBL Bank, first you need to open a Savings Account. Then only, you will be eligible to open a Fixed deposit at RBL Bank.
- On pre-mature withdrawal of a fixed deposit, interest will be calculated at the rate applicable for the period for which the deposit has actually remained with the bank, Senior Citizens are exempt from a premature withdrawal penalty of 1%.
- For Fixed/term deposits with tenure below 181 days, interest will be calculated at maturity as simple interest.
- For monthly payout, term deposit interest payout will be discounted based on the prevailing rates.
- Tax at source is deducted as per the income tax regulations prevalent from time to time.
- In the absence of PAN details, TDS at a higher rate of 20% will be applied on resident time deposits with interest income of Rs. 10,000 or above during the financial year.
- FD booked through online channels are restricted to a maximum tenure of 10 years.
AdvertisementsAdvertisementsAdvertisements
How to Open an RBL Bank Fixed Deposit
- To open a Fixed Deposit with RBL Bank, click on the below button
- Click here if you are an existing customer of RBL Bank.
- Click here if you are a new customer.
Click here to know about RBL Bank Zero Balance Savings Account
Last Words
- All the types of RBL Bank Fixed Deposit, along with their benefits, and features are discussed above. If you really want to open an FD account in RBL Bank, you can choose any of the above considering your objective and financial condition.
Advertisements
I hope you have found something useful in this article. If you have any questions about this article, please let us know in the comments or mail us at [email protected]. Also, share this article with others to give them an opportunity to learn new things. In this blog, we publish various articles on finance. To get immediate notification of our articles, click on the red bell icon on the right side and turn on the notification. Thank you for spending your precious time reading this article. stay healthy, Stay safe.
Advertisements
Also Read: –
Yes Bank FD Rates | Yes Bank FD Rates 2022
Bajaj Finance FD Rates | Bajaj Finance FD | Bajaj Finance Fixed Deposit Rates 2022
Advertisements