Fixed Deposits |
RBL Bank has revised interest rates on fixed deposits for amounts below Rs 2 crore.
These revised fixed deposit interest rates are effective from May 1, 2024. In this case, RPL Bank has offered a maximum interest rate of 8% on fixed deposits maturing within 18 to 24 months.
During the same period, senior citizens will get an additional interest rate of 0.50%. That means they will earn 8.50%.
And super senior citizens (80 years and above) will get 0.75% i.e. 8.75% additional interest earnings.
| Deposit period | Interest (%) | Senior Citizen Interest (%) |
| 7-14 days | 3.50% | 4.00% |
| 15-45 days | 4.00% | 4.50% |
| 46-90 days | 4.50% | 5.00% |
| 91-180 days | 4.75% | 5.25% |
| 181-240 days | 5.50% | 6.00 p.m% |
| 241-364 days | 6.05% | 6.55% |
| 365-452 days | 7.50% | 8.00% |
| 453- 545 days | 7.80% | 8.30% |
| 546 days-24 months | 8.00% | 8.50% |
| 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% |
| Interest saving fixed deposit | 7.10% | 7.60% |
Apart from this RBL offers fixed deposit rates ranging from 7.50% to 8% for non-resident foreigner (NRE) fixed deposit investment.
Accordingly, interest rates on non-resident ordinary (NRO) fixed deposits range from 3.5% to 8%.
Also, it is to be noted that Senior Citizen and Higher Senior Citizen Rates are not applicable for Non-Resident Fixed Deposits (NRE/NRO).
