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RBL Bank Fixed Deposit (FD) Interest Rates

Bajaj highest fd interest
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Features of RBL Bank FD

ET Money commission
Interest rates (p.a)6.50% - 7.25%
aum fund
Minimum deposit ₹1,000
aum fund
Maximum deposit ₹1 Cr
lock in
Lock-in lockNo Lock-in
age
Tenure 1 yr - 10 yrs
senior citizen
Senior citizen help icon Extra up to 0.5% p.a.

Why RBL Bank FD is the right choice

high returns
Higher Returns

Get more returns than bank FD; assured returns up to 7.25% p.a.

high credit rating
Strong Financials

CRISIL AAA (Stable) and ICRA AAA (Stable)

flexible payout options
Flexible Payout Options

Get interest amount at regular intervals or lumpsum at maturity

FD Calculator

Who can invest in RBL Bank FD?

Individual investor

Individuals investing as single FD holders

Above 18

Investors who are above 18 years of age. Senior citizens earn additional up to 0.5% p.a. interest

Indian resident

Investors who are resident Indian citizens

About RBL Bank

RBL Bank is one of the leading private sector banks which currently has a customer base of over 8.76 million. It has a presence across 28 Indian states and union territories through a network of 398 branches and 1219 business correspondent branches (of which 254 are banking outlets). Plus, it services its growing customer base through its 402 ATMs spread nation-wide. RBL Bank is listed on BSE and NSE. The bank offers specialized services under six categories. It includes Retail Assets, Corporate and Institutional Banking, Commercial Banking, Treasury and Financial Market Operations, Branch and Business Banking and Development Banking, and Financial Inclusion. It recently received the 'Best Savings Product 2018-2019" award by Financial Express Best Banks.

Benefits of RBL Fixed Deposit

  • 1. Loans against FDs - You can avail of a loan against your fixed deposit up to 90% of the deposit amount. The interest rate on the loan varies according to the tenure and other such factors.
  • 2. Partial withdrawal / Premature withdrawal - Partial or premature withdrawal of regular fixed deposit is permitted to the customers. However, such pre-mature withdrawal is not permitted in the case of tax-saving FD schemes which have a mandatory lock-in period of 5 years.
  • 3. A diverse range of schemes - RBL bank offers multiple FD schemes with good RBL FD rates for different categories of customers. These include the following:
    • Regular Fixed Deposits
    • RBL Bank Tax Savings Fixed Deposits
    • Senior Citizen Fixed Deposits
    • Flexi Sure Fixed Deposits

Frequently Asked Questions

Is it possible to open an FD account with RBL Bank online?

Yes. There are two ways to open an FD account with RBL Bank. You can either visit the bank (offline mode) or visit its website (online mode). Once you submit an online application, a bank representative will shortly get in touch with you and process your request. On submission of the KYC documentation and filing the application, your FD account will be opened online by the bank representative. It is worth noting that FDs opened through the online route are restricted to a maximum tenure of 10 years.

The maximum RBL FD interest rate an individual can earn on fixed deposits is 6.95%. If you are a senior citizen, you can earn 0.50% more i.e. 7.45%.

No, you cannot deposit an additional amount after opening an FD account with RBL. However, if you have some extra lump sum money, you can open a new FD account to earn RBL FD rate on the same.

No, there is no option to change the tenure for an existing FD account with RBL. However, if you want to close your existing FD account you can do so and open a new FD with the changed tenure to earn RBL fixed deposit rates.

If a customer makes a pre-mature withdrawal of their FD deposit, interest will be calculated at the rate applicable for the period for which the deposit has remained with RBL, subject to a penalty of 1%.

Yes, you can nominate a close family member such as your spouse, parents or children while opening an FD account with RBL Bank. This ensures there is someone who can claim the maturity proceeds of your fixed deposit in the case of your absence.

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ET Money does not offer investment options with RBL Bank fixed deposit,