RBL Bank Hikes FD Interest Rates Up to 8.5%
RBL Bank has increased its fixed deposit (FD) interest rates for deposits under ₹3 crore, effective December 15. These rates apply to both new deposits and renewals.
Revised FD Interest Rates
- General customers can now earn up to 8% on term deposits with a 500-day tenure, while senior citizens can earn up to 8.5%.
- For deposits with a tenure of 24 months and 1 day to 36 months, the interest rate has been set at 7.5%. For those maturing between 36 months and 60 months, the rate is 7.1%.
Latest RBL Bank FD interest rates
| Period of Deposit | Domestic and Flexi FD Interest Rates p.a. | Senior Citizen Interest Rates p.a. |
| 7 days to 14 days | 3.50% | 4.00% |
| 15 days to 45 days | 4.00% | 4.50% |
| 46 days to 90 days | 4.50% | 5.00% |
| 91 days to 180 days | 4.75% | 5.25% |
| 181 days to 240 days | 5.50% | 6.00% |
| 241 days to 364 days | 6.05% | 7% |
| 365 days to 452 days | 7.50% | 8% |
| 453 days to 499 days | 7.80% | 8% |
| 500 days | 8.00% | 8.50% |
| 501 days to 545 days | 7.80% | 8.30% |
| 546 days to 24 months | 7.80% | 8.30% |
| 24 months 1 day to 36 months | 7.50% | 8.00% |
| 36 months 1 day to 60 months 1 day | 7.10% | 7.60% |
| 60 months 2 days to 120 months | 7.00% | 7.50% |
| Tax Savings Fixed Deposits (60 months) | 7.10% | 7.60% |
Other Banks Update FD Rates
- Karnataka Bank: Revised FD rates for both callable and non-callable deposits, offering rates from 3.5% to 7.5%. Senior citizens can earn up to 8% on a 375-day FD.
- Canara Bank: New FD rates, ranging from 4% to 7.4% for the general public and 4% to 7.9% for senior citizens, on callable deposits.
- YES Bank: Reduced the rate for 18-month FDs from 8% to 7.75%.
- IndusInd Bank: Offers interest rates from 3.5% to 7.99% for regular customers and from 4% to 8.49% for senior citizens on deposits between 7 days and 10 years.
About RBL Bank
RBL Bank is a private sector bank in India, established in 1943 and based in Mumbai. It provides services in 5 areas: corporate banking, commercial banking, branch banking and retail services, retail loans, and treasury and financial markets operations.
RBL Bank share price is currently priced at ₹168.90, showing a decrease of ₹3.63 (2.10%) as of 11:19 AM on December 17. The stock opened at ₹169.25, reached a high of ₹172.50, and a low of ₹168.50.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 17, 2024, 11:23 AM IST
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