RBL Bank FD Rates 2023

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RBL Bank FD Interest Rates for Senior Citizens & Non-Senior Citizens

The below-mentioned table indicates the RBL Bank FD interest rates* for deposits below Rs.2 crore.

Period of Deposit	Interest Rates for Non-senior Citizen	Interest Rates for Senior Citizen
7 - 14 days	3.25% p.a.	3.75% p.a.
15 - 45 days	3.75% p.a.	4.25% p.a.
46 - 90 days	4.00% p.a.	4.50% p.a.
91 - 180 days	4.50% p.a.	5.00% p.a.
181 - 240 days	5.00% p.a.	5.50% p.a.
241 - 364 days	5.25% p.a.	5.75% p.a.
12 months to less than 15 months	6.25% p.a.	6.75% p.a.
15 months	6.65% p.a.	7.15% p.a.
15 months 1 day to less than 24 months	6.25% p.a.	6.75% p.a.
24 months to less than 36 months	6.50% p.a.	7.00% p.a.
36 months to less than 60 months	6.30% p.a.	6.80% p.a.
60 months to 60 months 1 day	6.30% p.a.	6.80% p.a.
60 months 2 days to less than 120 months	5.75% p.a.	6.25% p.a.
120 months to 240 months	5.75% p.a.	6.25% p.a.
Tax Savings Fixed Deposit (60 months)	6.30% p.a.	6.80% p.a.

The RBL Bank FD interest rates can change at any point in time at the discretion of the bank. This data is valid as of 14th December 2022.

RBL Tax Saving FD Rates

Here’s the RBL Bank FD interest rates for tax-saving FDs.

Period of Deposit	Interest Rates for Non-Senior Citizens	Interest Rates for Senior Citizens
Tax Savings Fixed Deposit (60 months)	6.30% p.a.	6.80% p.a.

The RBL Bank FD rates can change at any point in time at the discretion of the bank. This data is valid as of 14th December 2022.

RBL NRO Fixed Deposit Rates: Below ₹2 crore

Here’s the RBL Bank FD interest rates for NRO FDs.

Period of Deposit	Interest Rates for Non-senior Citizens	Interest Rates for Senior Citizens
7 - 14 days	3.25% p.a.	3.75% p.a.
15 - 45 days	3.75% p.a.	4.25% p.a.
46 - 90 days	4.00% p.a.	4.50% p.a.
91 - 180 days	4.50% p.a.	5.00% p.a.
181 - 240 days	5.00% p.a.	5.50% p.a.
241 - 364 days	5.25% p.a.	5.75% p.a.
12 months to less than 15 months	6.25% p.a.	6.75% p.a.
15 months	6.65% p.a.	7.15% p.a.
15 months 1 day to less than 24 months	6.25% p.a.	6.75% p.a.
24 months to less than 36 months	6.50% p.a.	7.00% p.a.
36 months to less than 60 months	6.30% p.a.	6.80% p.a.
60 months to 60 months 1 day	6.30% p.a.	6.80% p.a.
60 months 2 days to less than 120 months	5.75% p.a.	6.25% p.a.
120 months to 240 months	5.75% p.a.	6.25% p.a.
Tax Savings Fixed Deposit (60 months)	6.30% p.a.	6.80% p.a.

The RBL Bank FD rates can change at any point in time at the discretion of the bank. This data is valid as of 14th December 2022.

RBL FCNR (B) Deposit Rates

Here’s the RBL FCNR (B) FD rates with regard to each foreign currency:

Period	USD	EUR	SGD	CAD	GBP	JPY	AUD	CHF
1 year and above but less than 2 years	5.65%	2.00%	1.20%	2.75%	4.00%	0.05%	4.00%	0.05%
2 year and above but less than 3 years	5.50%	2.20%	1.25%	2.50%	3.50%	0.05%	3.75%	0.05%
3 year and above but less than 4 years	4.40%	2.00%	1.30%	2.25%	3.00%	0.06%	2.85%	0.05%
4 year and above but less than 5 years	4.45%	1.75%	1.35%	2.00%	2.00%	0.06%	2.75%	0.05%
5 years	4.80%	1.50%	1.40%	2.00%	1.85%	0.06%	2.60%	0.05%

The RBL Bank FD rates can change at any point in time at the discretion of the bank. This data is valid as of 14th December 2022.

CAD- Canadian Dollar, EUR- Euro, USD- US Dollar, CHF- Swiss Franc, JPY- Japanese Yen, SGD- Singapore Dollar, GBP- Pound Sterling and AUD- Australian Dollar.

Features & Benefits of RBL Bank Fixed Deposits

Tenor

The tenor for the RBL Bank FD can range from 7 days to 20 years.

Simple Process

The application process for the RBL Bank Fixed Deposit Schemes is simple and easy.

Guaranteed Returns

This RBL Bank Fixed Deposit Schemes offers assured returns.

Payout Frequency Option:

You can choose your preferred payout option - monthly, quarterly or annually, whichever is convenient for you.

Withdrawal Options

In case of any emergencies, you may opt for a premature withdrawal or partial withdrawal.

Online Option

You may book an RBL Bank Fixed Deposit Scheme online, from the comfort of your home.

Eligibility Criteria

Here’s the eligibility criteria for the RBL Bank Fixed Deposit Scheme:

You must be an Indian resident
You must have an RBL bank account

Documents Required

Here are the documents required to book an RBL FD:

Address proof
Identity proof
2 passport size photos
Details of your bank account
PAN Card

Types of RBL Bank Fixed Deposit Schemes

There are a number of different types of FDs that you can choose from, depending on your requirements. Here are some of the key features of the different types of FDs offered by RBL banks:

1. Regular Fixed Deposits

Tenor: 7 days to 20 years

Maximum tenor: The maximum tenor is 10 years if the FDs are booked online.

You can opt for the nomination facility
You may also opt for the overdraft facility
All interest rates for tenors of less than 180 days or less will be calculated on simple interest.
You may opt for your preferred payout option depending on your requirements. You may choose between monthly or quarterly payout.

2. Tax Savings FD

FDs that are a part of this scheme are eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C in each financial year

Tenor: 5 years (lock-in)

All interest rates for tenors of less than 180 days or less will be calculated on simple interest.
You may opt for your preferred payout option depending on your requirements. You may choose between monthly or quarterly payout.
Premature withdrawal or partial withdrawal will not be allowed.

3. Senior Citizen Fixed Deposits

An additional interest rate of 0.50% per annum for all tenors will be applicable to FDs opened by resident senior citizens aged 60 years and above

Tenor: 7 days to 20 years

Maximum tenor: The maximum tenor is 10 years if the FDs are booked online.

You can opt for the nomination facility.
You may also opt for the overdraft facility.
Premature withdrawal and partial withdrawal of deposit are allowed with no penalty.
All interest rates for tenors of less than 180 days or less will be calculated on simple interest.

You may opt for your preferred payout option depending on your requirements. You may choose between monthly or quarterly payout.

4. Super Senior Citizen Fixed Deposits

An additional interest rate of 0.75% per annum for all tenors will be applicable to FDs opened by resident senior citizens aged 80 years and above.

Tenor: 7 days to 20 years

Maximum tenor: The maximum tenor is 10 years if the FDs are booked online.

You can opt for the nomination facility.
You may also opt for the overdraft facility.
Premature withdrawal and partial withdrawal of deposit is allowed with no penalty.
All interest rates for tenors of less than 180 days or less will be calculated on simple interest.
You may opt for your preferred payout option depending on your requirements. You may choose between monthly or quarterly payout.

5. Flexi Sure Fixed Deposits

This scheme allows depositors to link their FDs with their current or savings account.
In the event of any fund shortfall in the linked savings or current account, the linked FD amount can be partially broken and the remaining deposit amount will continue to earn the FD interest rate.
Depositors can link multiple deposits.
Premature withdrawal and partial withdrawal of deposit is allowed with no penalty.
All interest rates for tenors of less than 180 days or less will be calculated on simple interest.
A monthly payout option is also available, wherein the interest amount will be calculated at a discounted rate based on the prevailing rates.

6. NRE Fixed Deposits

Tenor: 7 days to 20 years

Maximum tenor: The maximum tenor is 10 years if the FDs are booked online.

The principle and interest amount are both fully repatriable.
FD can be held jointly with non-residents.
Depositors can opt for a monthly or quarterly payout option or keep investing till maturity.
You can make partial withdrawals.

7. NRO Fixed Deposits

Tenor: 7 days to 20 years

Maximum tenor: The maximum tenor is 10 years if the FDs are booked online.

You can opt for the nomination facility.
Deposits can be repatriated with an upper limit of USD 1 million per financial year.
Depositors can enjoy higher post tax yields by getting a Double Taxation Avoidance Agreement (DTAA) facility.

8. NRO Tax Saver Fixed Deposits

Tenor: 5 years

You can opt for the nomination facility.
Premature withdrawal or partial withdrawal will not be permitted.
FD can be repatriated with a limit of USD 1 million in a financial year.

9. FCNR Fixed Deposits

This FD scheme can be booked in the following currencies: CAD- Canadian Dollar, EUR- Euro, USD- US Dollar, CHF- Swiss Franc, JPY- Japanese Yen, SGD- Singapore Dollar, GBP- Pound Sterling and AUD- Australian Dollar.
Automatic renewal facility is available on maturity.
The principal amount and interest earned are both fully repatriable.
Half-yearly payout option is available.

Premature Withdrawal of Fixed Deposits – Penalty Charges

Premature and partial withdrawals of RBL Fixed Deposits are allowed, subject to a penalty of 1%. The interest amount will be calculated at the applicable rate of interest for the period for which the FD has remained with the bank or at the contracted rate, whichever is lower.

No penalty will be levied for the premature withdrawal of senior citizen fixed deposits.

In case of NRE FDs and FCNR deposits, no interest amount will be paid in case the deposit amount is prematurely closed before the completion of 1 year.

No interest will be paid if NRO fixed deposit is prematurely closed before 7 days

FD Calculator

Having a detailed and comprehensive estimate of your FD returns and time horizons will help you budget your savings and plan for the future. This is why it’s imperative that you make these calculations, while taking into consideration the prevailing interest rates, your deposit amount and the time period. You may use the Bajaj Markets FD calculator to arrive at an estimate.

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The information including interest rates with regard to fixed deposit, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any investment or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.