Do Not Call
Enjoy Tax Deductions of up to ₹1.5 Lakhs with the RBL Bank Tax-saver FD!
The RBL Bank tax-saver FD allows you to earn higher returns and save taxes simultaneously. This fixed deposit comes with a fixed tenor of 5 years (lock-in) and enables you to claim deductions under Section 80C of the Income Tax Act of 1961. Learn about the RBL Bank tax-saver FD, interest rates, and benefits before investing.
You can open a tax saver FD account online through a simple application process
These FDs come at attractive interest rates of up to 7.10% p.a. for enhanced returns
Senior citizens can enjoy an additional 0.50% p.a. on RBL Bank tax-saver FD rates
Tax Saver FDs allow you to claim tax deductions of up to ₹1.5 Lakhs per financial year u/s 80C
The interest income you earn will be subject to a TDS of 20% if you fail to provide PAN details to the issuer.
Here is a list of documents you need to submit when you apply for an RBL Bank tax-saver FD:
Proof of identity
Proof of address
PAN card
Aadhaar card
Form 60 or Form 61
If you are looking to maximise your returns by opting for a tax saver FD, you can compare offers from different issuers at Bajaj Markets. This could help you apply for the best-fixed deposit online without any hassle.
The information provided by BFDL is related to the rates provided by Banks and Deposit taking NBFCs as available from public domain and under no circumstances is intended to be source of advice or recommendation of any financial investment advice or endorsement of any sort. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers and use of such 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. Display of any intellectual property along with the related product information does not imply BFDL’s partnership with the owner of the intellectual property of such products and is solely for the purpose of information, unless otherwise provided by BFDL.
The minimum and maximum tenor of an RBL Bank tax-saver FD is 5 years.
An individual over 60 years of age can book a senior citizen’s tax saver FD at RBL Bank. They will be eligible to get an additional 0.50% p.a. on RBL Bank tax-saver FD interest rates.
No. The RBL Bank tax-saver FD has a lock-in period of 5-years. Hence, the bank does not allow full or partial premature withdrawals.
Yes, you need to pay TDS on interest earned through the RBL Bank tax-saver FD.
Personal Loan, Business Loan, Collateral
Fixed Deposit, Mutual Fund, NPS, Demat A/C, SGB
General Insurance, Life Insurance, Term Insurance
Stocks, IPOs
Credit Score, Report & Analysis
Smart Phone, Speaker, EarPhone
