Earn interest up to 8.10% p.a. by investing in a Bajaj Finance Fixed Deposit | Rated CRISIL AAA/ STABLE and [ICRA]AAA(stable)

** Disclaimer: RBL Bank has not partnered with Bajaj Markets. The information is intended for educational purposes only. You are advised to contact the Banks/NBFCs for additional details.

 

RBL Bank, also known as Ratnakar Bank Limited, is one of India’s leading banks. The RBL Bank offers FDs at attractive rates of return. The RBL bank FD rates start at 3.25% per annum and go all the way up to 8.05% per annum. The maturity period for your deposits can range between 7 days to 20 years. Senior citizens also get an additional 0.50% rate when they make a deposit. 

RBL Domestic Fixed Deposit Rates: Below Rs.2 Crore

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

Here are some of the features and benefits of RBL Bank Fixed Deposit Schemes: 

 

  • 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. 

FAQs on RBL Bank Fixed Deposit Rates

  • ✔️What are the RBL Bank FD Interest Rates?

    The  RBL Bank FD Interest Rates can range from 3.25% pa to 8.05% pa. 

  • ✔️Is there a RBL Bank FD Calculator?

    You can use the Bajaj Markets to calculate the return on your RBL Bank FD.

  • ✔️Are the RBL Fixed Deposit Interest Rates attractive?

    Yes, the  RBL Bank Deposit Interest Rates are extremely attractive, with interest rates going as high as 8.05% p.a.

  • ✔️What are the RBL Bank Fixed Deposit Schemes available?

    RBL Bank offers a number of Fixed Deposit Schemes such as tax-saving, regular, NRE and NRO FD schemes.

  • ✔️What are the RBL Bank FD Interest Rates For Senior Citizens?

    The RBL Bank FD Interest Rates For Senior Citizens ranges from 3.50% p.a. to 8.05% p.a.