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RBL Bank Fixed Deposit

RBL Bank FD rates

Tenure Interest Rate
7 to 14 days 5.00
15 days to 45 days 5.75
46 days to 90 days 6.50
91 days to 180 days  6.75
181 days to 240 days 6.90
241 days to 364 days 7.00
12 months to less than 24 months 7.70
24 months to less than 36 months 7.75
36 months to less than 60 months 7.50
60 months to less than 120 months 7.50
120 months to 240 months 7.10

RBL Bank offers attractive FD rates on its fixed deposits. RBL Bank FD interest ranges from 5% to 7.75% p.a. The bank gives FDs ranging between 7 days to 20 years.

Keeping in lines with the recent cuts in repo rate, RBL Bank revised interest rates effective from 13 August.

RBL Bank offers 5.00% for fixed deposits maturing in 7-14 days. They give the highest interest rate of 7.75% for deposits maturing between 24 months to less than 36 months. For 10 years to 20 years deposits, the interest rate offered is 7.10%.

Features of RBL Bank FDs:

  • RBL Bank FD rates are attractive in the market
  • RBL Bank savings account holders can open fixed deposits through internet banking
  • Option to choose monthly or quarterly dividend option or keep it invested till maturity
  • RBL Bank has wider investment tenure from 7 days to 20 years.
  • Partial or pre-mature withdrawal of fixed deposit is permitted.
  • Opting for overdraft facility against term deposits.

Types of RBL Bank Fixed Deposits

RBL Bank also has four different types of fixed deposits:  

1.Regular Fixed Deposits:

RBL Bank FD interest rate ranges from 5% to 7.75%. It is suitable for anyone who wants to park their funds between 7 days to 20 years. The minimum deposit amount required to open an FD with RBL Bank is Rs. 1,000.

2.Flexi Sure Fixed Deposits

Flexi Sure Fixed Deposits is a FD that is linked with your savings or current account. You not only earn better returns but also enjoy the power of liquidity. Any deficit in your account is taken care of by breaking the exact amount from your linked flexi-sure FD.

  • A Shortfall in the savings or current account is taken care by breaking the linked FD
  • Linked deposit is partially broken to meet the shortfall – however, the remaining amount will continue to earn the interest
  • Multiple deposits can be linked to one account
  • Flexibility in choosing the tenure of the FD

3.Tax Savings Fixed Deposits

Tax Savings FDs is a flexible & secured FD scheme with dual benefits of tax exemption under section 80C (You can claim a deduction of Rs 1.5 lakh your total income under section 80C) and attractive returns.

  • Save tax on an amount between Rs. 100 to Rs. 1,50,000 in multiples of Rs. 100
  • Booking period – minimum of 5 years to maximum  of 10 years
  • FD rates for tax saving TDS are applicable as per the prevailing FD interest rates
  • 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
  • Nomination facility is available for all account holders under this scheme

4.Senior Citizen Fixed Deposits

A FD launched to facilitate senior citizens with maximum returns over term deposits and avail additional interest of 0.5% p.a. for all tenures.

  • The convenience of booking deposit through internet banking for RBL account holders
  • Choice of receiving interest monthly, quarterly or keep it invested till maturity
  • Maturity period – 7 days to 20 years
  • Nomination facility is available
  • Partial/Pre-mature withdrawal of term deposit is permitted.

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