Private sector lender RBL Bank has revised interest rates on fixed deposits as below 2 crores. The Bank announced this today, June 8, 2022 and as a result of the amendment, the Bank is offering a regular rate of 3.25% – 5.75% to the general public and 3.75% – 6.25% to the senior citizens.
RBL Bank FD Rates
The bank will offer an interest rate of 3.25 percent on deposits made between 7 to 14 days and 3.75 percent on deposits made between 15 and 45 days. The interest rate on fixed deposits maturing from 46 days to 90 days is 4.00 percent, while the interest rate on fixed deposits maturing from 91 days to 180 days is 4.50 percent. RBL Bank is currently offering 5.00 percent interest rate on deposits maturing from 181 days to 240 days and 5.25 percent interest rate on deposits maturing from 241 days to 364 days.
Earlier, the bank used to offer 6.25 per cent interest rate on deposits maturing from 12 months to less than 24 months, but now it will offer 6.25 per cent interest rate on deposits maturing from 12 months to less than 15 months , 6.65 percent interest rate on deposits maturing in 15 months, and 6.25 percent on deposits maturing in less than 24 months in 15 months 1 day. Post the change, RBL Bank will now offer a maximum rate of 6.65 per cent on deposits of 15 months to regular customers.
RBL Bank will continue to offer 6.50 per cent interest rate on fixed deposits maturing from 24 months to less than 36 months and 6.30 per cent interest rate on deposits maturing from 36 months to less than 60 months. Fixed deposits maturing in 60 months to 60 months 1 day will now fetch an interest rate of 6.30, and fixed deposits maturing in 60 months 2 days to less than 240 months will now attract an interest rate of 5.75%. The general public will now get an interest rate of 6.30 percent on their 60 months tax saving fixed deposit. Senior citizens will continue to get 0.50 per cent premium at the regular rate for all tenors, subject to revision, with a maximum rate of 7.15 per cent on deposits of 15 months.
The bank has mentioned on its website, “Attention of customers/public is invited to change in interest rates on Fixed Deposits with effect from June 08, 2022. Interest rates on Domestic, NRO, NRE and Flexi Fixed Deposits.”
| period of deposit | get interest rates | Senior Citizen Interest Rates Per Annum |
| 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% | 4.5% |
| 91 days to 180 days | 4.50% | 5.00% |
| 181 days to 240 days | 5.00% | 5.5% |
| 241 days to 364 days | 5.25% | 5.75% |
| 12 months to less than 15 months | 6.25% | 6.75% |
| 15 months | 6.65% | 7.15% |
| 15 months 1 day to less than 24 months | 6.25% | 6.75% |
| 24 months to less than 36 months | 6.50% | 7.00% |
| 36 months to less than 60 months | 6.30% | 6.80% |
| 60 months to 60 months 1 day | 6.30% | 6.80% |
| 60 months 2 days to less than 120 months | 5.75% | 6.25% |
| 120 months to 240 months | 5.75% | 6.25% |
| Tax Saving Fixed Deposit (60 Months) | 6.30% | 6.80% |
Source: Bank’s website