The RBL Bank fixed deposit accounts are one of the safest investment options offered by the bank to its eligible customers. The FDs ensure stable and guaranteed returns on lump sum deposits at competitive interest rates.
The RBL Bank FD rates on various tenures start from 3.50% to 8.00% p.a. for regular citizens while senior citizens enjoy a higher rate of interest of 0.50% p.a. RBL Bank FDs ensure financial growth to their customers over a predetermined period.
RBL Bank FD Rates 2024 (Below 2 Crores)
The RBL FD interest rates are given in the following table. The rates are applicable to domestic and flexi FD accounts at various tenures for deposits below Rs. 2 crores.
| FD Tenures | Interest rate (p.a.) (General Public) |
| 7 days to 14 days | 3.50% |
| 15 days to 45 days | 4.00% |
| 91 days to 180 days | 4.75% |
| 181 days to 240 days | 5.50 % |
| 241 days to 364 days | 6.05% |
| 365 days to 452 days (12 months to less than 15 months) | 7.50% |
| 453 days to 545 days (15 months to less than 18 months) | 7.80% |
| 546 days to 24 months (18 months to 24 months) | 8.00% |
| 24 months 1 day to 36 months | 7.50% |
| 36 months 1 day to 60 months 1 day | 7.10% |
| 60 months 2 days to 120 months | 7.00% |
RBL Bank Senior Citizen FD Rates
Senior citizens enjoy special benefits on fixed deposit accounts, with RBL bank offering 0.50% higher interest rate above the regular rates. The table below shows the RBL Bank FD rates for senior citizens:
| FD Tenures | Interest rate % Senior Citizens (p.a.) |
|---|---|
| 7 days to 14 days | 4.00% |
| 15 days to 45 days | 4.50% |
| 46 days to 90 days | 5.00% |
| 91 days to 180 days | 5.25% |
| 181 days to 240 days | 6.00% |
| 241 days to 364 days | 6.55% |
| 365 days to 452 days (12 months to less than 15 months) | 8.00% |
| 453 days to 545 days (15 months to less than 18 months) | 8.30% |
| 546 days to 24 months (18 months to 24 months) | 8.50% |
| 24 months 1 day to 36 months | 8.00% |
| 36 months 1 day to 60 months 1 day | 7.60% |
| 60 months 2 days to 120 months | 7.50% |
RBL Bank Tax Saving Fixed Deposit Rates
The bank offers tax saving FD accounts for a tenure of 60 months, the following table displays the RBL Tax Saving FD interest rates:
| Tax Saving FD Tenure | Interest Rates (p.a.)General Public | Interest Rates (p.a.)Senior Citizens |
|---|---|---|
| 60 montds | 7.10% | 7.60% |
Calculate your RBL FD interest rates and maturity amount by using the RBL FD Calculator. It is an easy-to-use tool to get an estimate of your potential gains from the investment.
RBL Bank FD Rates for NRI
RBL bank also offers fixed deposits for Non-resident Indians where they can deposit in NRE, NRO and FCNR accounts. They offer FDs at flexible tenures and competitive interest rates. The tables below will help you understand the different rates offered by the Bank.
RBL Bank NRE FD Rates
| Period of deposit | NRE interest rate % (p.a.) |
| 365 days to 452 days (12 months to less than 15 months) | 7.50% |
| 453 days to 545 days (15 months to less than 18 months) | 8.00% |
| 24 months 1 day to 36 months | 7.50% |
| 36 months 1 day to 60 months 1 day | 7.10% |
| 60 months 2 days to 120 months | 7.00% |
RBLBank NRO FD Rates
| FD Tenures | Interest rate % Senior Citizens (p.a.) |
|---|---|
| 7 days to 14 days | 3.50% |
| 15 days to 45 days | 4.00% |
| 46 days to 90 days | 4.50% |
| 91 days to 180 days | 4.75% |
| 181 days to 240 days | 5.50% |
| 241 days to 364 days | 6.05% |
| 241 days to 364 days | 6.05% |
| 365 days to 452 days (12 months to less than 15 months) | 7.50% |
| 453 days to 545 days (15 months to less than 18 months) | 7.80% |
| 546 days to 24 months (18 months to 24 months) | 8.00% |
| 24 months 1 day to 36 months | 7.50% |
| 36 months 1 day to 60 months 1 day | 7.10% |
| 60 months 2 days to 120 months | 7.00% |
Tax Saving NRO Fixed Deposit for 60 Months:
| Tenure | Interest rate % (p.a.) |
| 60 months | 7.10% |
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Features & Benefits of RBL Bank Fixed Deposit
RBL Bank FD boasts a set of unique features and benefits that help preserve capital, get predictable and ensured returns. These features and benefits are:
- Simple and diverse investment schemes that offer attractive interest rates.
- RBL Bank account holders can use internet banking to book their FDs, making it a convenient option.
- Flexible interest payout options that you can choose from; monthly, quarterly or upon maturity.
- Booking period for RBL FD accounts ranges from 7 days to 10 years.
- Nomination facility is available.
- The bank provides an option for premature and partial withdrawals.
- An overdraft facility of up to 90% is also available against the term deposit.
- Depositors can easily book an FD online through internet or mobile banking.
RBL Bank FD Account Eligibility
The eligibility requirements to open an RBL bank FD account are:
- The individual must be an Indian citizen.
- NRIs are eligible to apply.
- Trusts, Public and Private Limited Organisations, Sole Proprietorships, Partnerships are eligible to open an FD account with RBL Bank.
- Hindu Undivided Families (HUFs) are eligible.
Documents Required to Open RBL Bank FD
Minimal documents are required to open an RBL FD account, these are:
- Identity Proof documents: Passport, Voter ID, PAN card, Driving licence, Photo ration card, Government ID card, Senior Citizen ID card.
- Address Proof documents: Passport, Electricity Bill, Telephone Bill, Certificate issued by Post Office, Bank Statement with Cheque.
Premature Closure of RBL Bank Fixed Deposit
RBL Bank provides the option of premature withdrawal at a penalty of 1%. However, this option is not available for tax saving fixed deposit accounts. Moreover, senior citizens are exempted from being charged a 1% penalty on premature withdrawal of their accounts.
Types of RBL Bank Fixed Deposits
RBL Bank offers a wide range of fixed deposits that investors can choose from to achieve their financial goals. The different types of fixed deposit offered by RBL Bank are:
Digital Fixed Deposit
A convenient and easy way to earn high interest on your savings. You can easily open an FD account and get up to 8.00% p.a. interest rate. The features of the FD is as follows:
- Having a savings bank account is not mandatory.
- Minimum deposit amount for savings account holders is ₹5000 and for non-account holders its ₹10,000.
- Get daily hospital cash cover.
- Safe and secure account opening process.
- Depositors can open a regular, senior citizens, super senior citizens or tax saving FD account through Digital Fixed deposit.
- Savings account holders can enjoy flexible interest payout.
- You can track your FD through the RBL MoBank App.
Ace Fixed Deposit
This is a domestic term deposit where premature withdrawal is not allowed. Depositors can get a higher interest rate for deposits of ₹1 crore above. The key features of this deposit are:
- Minimum deposit amount for Non-individual depositors is ₹50 lakhs and the maximum is below ₹2 crores. For individual customers the minimum deposit is ₹1 crore above to less than ₹2 crores.
- The tenure ranges from 12 to 120 months.
- Premature withdrawal is not allowed.
- The account is available for individuals, NRIs and non-individual entities.
- The account can be opened at RBL Bank branches.
Smart Deposit
This is a term deposit offered by RBL bank to make investing more convenient to its customers. The features for this RBL FD account are:
- Booking amount starts at ₹1000 to ₹5,00,000.
- Get easy payment options through Standing Instruction
- You get an option to top up the investment amount to increase your savings.
- Nomination facility is available.
- The tenure ranges from 6 months to 5 years.
Flexi Sure Fixed Deposit
This account gives depositors the chance to experience the combination of a savings or current account and a Fixed deposit. The key features of this account are:
- If there is a shortage in the savings or current account, the fixed deposit linked to the accounts will be broken to compensate for the shortfall.
- The FD will continue to earn interest.
- The savings or current account can be linked to multiple fixed deposit accounts.
- The bank provides flexibility in determining the tenure of the RBL FD.
Regular Fixed Deposit
This FD account offers high interest rates, ensuring maximum return on your investments. The key features are:
- Streamlined investment plan with attractive returns.
- Convenient deposit booking for RBL Bank account holders via Internet Banking.
- Flexible interest payout options: monthly, quarterly, or at maturity.
- Booking period ranges from 7 days to 10 years.
- Nomination facility provided.
- Option for premature or partial withdrawal from term deposit.
- Overdraft facility available against term deposit.
- Effortless online booking through platforms like Internet Banking and Mobile Banking.
Regular Fixed Deposit
This FD account offers high interest rates, ensuring maximum return on your investments. The key features are:
- Streamlined investment plan with attractive returns.
- Convenient deposit booking for RBL Bank account holders via Internet Banking.
- Flexible interest payout options: monthly, quarterly, or at maturity.
- Booking period ranges from 7 days to 10 years.
- Nomination facility provided.
- Option for premature or partial withdrawal from term deposit.
- Overdraft facility available against term deposit.
- Effortless online booking through platforms like Internet Banking and Mobile Banking.
Tax Saving Fixed Deposit
The tax saving FD account offers deductions under Section 80 C of the Income Tax Act of 1961. The features of this RBL tax saving FD account are:
- Attractive interest rates.
- Save tax on amounts between ₹100 to ₹1,50,000 in multiple of ₹100.
- Interest for TDS is based on the current interest rate.
- Nomination facility is available.
- Booking tenure is 5 years.
- Premature and partial withdrawal is not allowed.
- In case of a joint account, only the first depositor will be eligible for tax deduction.
- Easily open an RBL Bank FD account online through mobile and internet banking.
Senior Citizen Fixed Deposit
This RBL FD account is for senior citizens aged 60 - 80 years. They enjoy a higher interest rate of 0.50% above the normal interest rates. The features of this FD account are:
- You can easily open an FD account online through RBL MoBank App, Internet Banking and RBL cares chatbot.
- You can choose monthly, quarterly or interest payout at maturity.
- Choose between a tenure of 7 days to 10 years.
- Get an overdraft facility of up to 90% liquidity of the principal amount.
- Nomination is also available.
- There is no penalty charged for early withdrawal of the RBL FD account.
Super Senior Citizen Fixed Deposit
This fixed deposit account is given specifically to senior citizens aged 80 years and above. This account allows them to enjoy a high interest rate of 0.75% above the normal interest rate given to regular citizens. The features of this FD are:
- You can opt for monthly, quarterly, or maturity-based interest payouts.
- Select a flexible tenure spanning from 7 days to 10 years.
- Enjoy an overdraft facility, granting liquidity of up to 90% of the principal amount.
- Experience the freedom of early withdrawal without incurring any penalties on your RBL FD account.
- Nomination option is readily available.
- Open an FD account effortlessly via the RBL MoBank App, Internet Banking, or the RBL cares chatbot.
Looking for a personal loan?
Frequently Asked Questions on RBL Personal Loan
The interest rate on RBL Bank personal loan starts from 14% p.a.
Eligibility for a personal loan in RBL varies based on factors such as income, employment type, and credit history.
RBL Bank usually approves a personal loan on a single working day from the date of receipt. Provided, the customer submits complete application with required documents.
You can apply for RBL personal loan online via Buddy Loan, or via the official website of RBL Bank. You can also visit a branch and apply.
You can get a personal loan of up to ₹20 Lakh from RBL Personal Loan
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