RBL Fixed Deposit Rates

The RBL fixed deposit rates make it easier for individuals to meet their financial goals. Currently, RBL Bank offers interest rates of up to 8.00% for regular customers and up to 8.50% for senior citizens. These deposits have a tenure starting from just 7 days to 10 years. Keep reading to learn about the term-wise interest rates, eligibility criteria, required documents and more about RBL Bank fixed deposit rates.

RBL Fixed Deposit Rates for General and Senior Citizens

RBL Bank provides FD interest rates ranging from 3.50% to 8.00%. for general citizens and 4.00% to 8.50% for senior citizens on tenures spanning 7 days to 10 years. For RBL Bank Tax Saving Fixed Deposits, the rates are 7.10% p.a. for general customers and 7.60% p.a. for senior citizens, with a fixed tenure of 5 years.

Senior citizens can enjoy an additional 0.50% interest, while super-senior citizens benefit from an extra 0.75% on these deposits. These competitive RBL Bank FD rates for senior citizens make it an attractive option for those seeking secure and high-yielding investments.

Term Wise RBL Fixed Deposit Rates 

Here you will understand the term-wise RBL fixed deposit interest rates with examples:

• Short-Term:  For short-term deposits with a tenure ranging from 7 days to 12 months, the interest rates vary from 3.50% to 6.05% for general citizens and 4.00% to 6.55% for senior citizens. Suppose a senior citizen invests ₹1,00,000 in an FD for 1 year whose interest is 6.55%. Upon FD maturity, the individual will earn ₹1,06,551 as total returns.
• Medium Term: Tenure of medium-term deposits ranges between 1 and 5 years. These FDs offer interest rates ranging from 7.10% to 8.00% for general citizens and 7.60% to 8.50% for senior citizens. Suppose the same individual wants to invest ₹1,00,000 for 3 years in RBL FD. With an interest rate of 8.00%, they will receive ₹25,972 as interest and their total fixed deposit maturity amount will be ₹1,25,972.
• Long-Term Deposits: The tenure of these deposits ranges between 5 years to 10 years. 7.00% to 7.10% for general citizens and 7.50% to 7.60% for senior citizens. For instance, you want to invest ₹1,00,000 in a fixed deposit for 5 years. You will earn ₹40,256 as FD return and the total maturity amount will be ₹1,40,256. 

Benefits of RBL Fixed Deposit Rates

Here are some key benefits of Ratnakar Bank FD interest rates:

• General citizens can earn attractive FD interest rates of up to 8.00%.
• As a senior or super-senior citizen, you can enjoy an extra interest rate of 0.5% and 0.75%, respectively.
• You can choose from monthly or quarterly interest payouts, or let the interest remain invested until the fixed deposit matures.

Eligibility to Avail RBL Fixed Deposit Rates

The following is the list of individuals and entities, who can enjoy RBL fixed deposit interest rate:

• Indian citizens
• Hindu undivided family members
• Private limited company
• Public limited company
• Partnership
• Trust

Documents Required to Avail RBL Fixed Deposit Rates

To open an RBL Bank FD, you only need your PAN card and Aadhaar details. You must ensure your Aadhaar is linked to your mobile number, as this number will be used for all future communications related to your Digital Fixed Deposit.

Get the Stable Money App today and book your FD with minimal KYC requirements!

Premature Withdrawal of RBL Fixed Deposit

RBL Bank allows investors to withdraw their fixed deposit investments before maturity. However, tax-saving fixed deposits cannot be withdrawn prematurely. A 1% penalty applies to general citizens for early withdrawals, but senior citizens are exempt from this penalty.

Tax on Bank of RBL Fixed Deposit

The RBL fixed deposit rates are taxable as per your applicable income tax slab rate. If the interest income from an RBL Bank FD exceeds ₹40,000 per year, a TDS of 10% is deducted. For senior citizens, this limit increases to ₹50,000 annually. Additionally, if you do not submit your PAN card details to the bank, a higher TDS rate of 20% will be applied.

Why Should You Choose Stable Money to Book a Fixed Deposit?

Stable Money collaborates with top small finance banks and NBFCs to provide fixed deposit interest rates. Opening an FD with Stable Money is quick and hassle-free. You can book an FD quickly with this app and can take advantage of these competitive rates and receive an FD certificate immediately upon completion.

These fixed deposits are insured up to ₹5 lakh as per DICGC (Deposit Insurance Credit Guarantee Corporation) guidelines under the Reserve Bank of India (RBI). With 24/7 customer support, you can easily book multiple FDs anytime, anywhere.