What is the maximum interest rate provided by RBL Bank on Fixed Deposits?

RBL Bank offers a high fixed deposit interest rate of 7.20% for regular individuals and 7.70% for senior citizens.

How can I claim a TDS exemption on my RBL Bank FD?

To claim TDS exemption on your RBL Bank Fixed Deposit, ensure your total interest income is within the non-taxable limit (₹40,000 for regular customers and ₹50,000 for senior citizens). Submit Form 15G (for individuals) or Form 15H (for senior citizens) to the bank. This exemption is allowed under Section 80C of the Income Tax Act, 1961, and prevents unnecessary tax deductions on your FD interest.

What are the minimum and maximum durations for an RBL Bank Fixed Deposit?

The tenure for RBL Bank Fixed Deposits ranges from a minimum of 7 days to a maximum of 10 years.

Can I open an FD account even if I do not have a PAN?

The eligibility to book FD with RBL Bank states that submitting PAN details is mandatory. So, no, you cannot open an FD account without a PAN card.

How does the bank decide if simple interest applies to an FD account or compound interest?

The decision to apply simple interest or compound interest depends on the payout tenure chosen on the fixed deposit. Generally, the fixed deposit booked for 6 months attracts simple interest since payout is at maturity.

Is there a penalty on premature withdrawal?

Yes, premature withdrawal on a fixed deposit attracts a 1% penalty. It doesn’t apply in just two FD schemes offered by RBL Bank - senior citizen fixed deposit (wealth secure) and super senior citizen fixed deposit (Akshay Nidhi).

Can a tax-saving FD be broken before maturity ?

No, tax saving FD cannot be broken maturity. The lock-in period of 5 years remains intact for such fixed deposits.

Do Senior Citizens Get Higher Interest Rates in RBL Bank?

Yes, senior citizens get extra 0.50% interest annually, whereas super senior citizens enjoy 0.75% extra interest on their fixed deposits.

RBL Bank FD Interest Rates 2026 - Check RBL Fixed Deposit Rate

Name: RBL Fixed Deposit Rates
Brand: Interest Rates
Rating: 4.9 (8858 reviews)

The RBL fixed deposit rates make it easier for individuals to meet their financial goals. Currently, RBL Bank offers interest rates of up to 7.20% for regular customers and up to 7.70% for senior citizens. These deposits have a tenure starting from just 7 days to 10 years. Continue reading to learn about the term-wise interest rates, eligibility criteria, required documents and more about RBL Bank fixed deposit rates.

RBL Bank FD Interest Rates Highlights

Highest RBL Bank FD rates for General Citizens	7.20%
Highest RBL Bank FD rates for Senior Citizens	7.70%
RBL Bank FD Rates	3.50% - 7.20%
FD Tenure	7 days to 10 years
Benefit on Senior Citizen FD	Extra 0.50% for senior citizens

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 7.00% for general citizens and 4.00% to 7.50% for senior citizens. Suppose a senior citizen invests ₹1,00,000 in an FD for 1 year whose interest is 7.00%. Upon FD maturity, the individual will earn ₹1,07,001 as total returns.
Medium Term: Tenure of medium-term deposits ranges between 1 and 5 years. These FDs offer interest rates ranging from 7.00% to 6.70% for general citizens and 7.50% to 7.20% for senior citizens. Suppose the same individual wants to invest ₹1,00,000 for 3 years in RBL FD. With an interest rate of 7.20%, they will receive ₹25,972 as interest and their total fixed deposit maturity amount will be ₹1,23,193.
Long-Term Deposits: The tenure of these deposits ranges between 5 years to 10 years. 6.70% for general citizens and 7.20% for senior citizens. For instance, you want to invest ₹1,00,000 in a fixed deposit for 5 years. You will earn ₹38,300 as FD return and the total maturity amount will be ₹1,38,300.

Types of RBL FD Schemes

RBL Bank offers multiple FD schemes. Here are the details for each scheme:

Raksha Kavach Fixed Deposits

RBL offers Raksha Kavach FD which combines FD and overdraft facility into one package. This FD is available for a minimum of 6 months 1 day to 120 months.You can start your FD with a minimum of ₹5000.

Digital Fixed Deposits

Digital FD at RBL Bank can be opened online via RBL Bank website or RBL MyBank app. You can open a digital fixed deposit starting at ₹5000 and opt for flexible payout options. You just need your Aadhaar card and PAN card to open FD in 3 easy steps.

ACE Fixed Deposits

ACE fixed deposit can be opened with a minimum deposit amount of ₹50 Lakhs and a maximum of ₹3 crore. The deposit tenure varies between 1 year to 10 years and is open to resident individuals, NRIs and non individual entities. You can open ACE FD at RBL bank branches exclusively.

Flexi Sure Fixed Deposits

The flexi sure FD gives flexibility to access liquidity like a savings account and earn interest like fixed deposits. In this FD scheme by RBL Bank, any shortfall in savings or current account is covered up by breaking the linked FD. Even after breaking the FD, the balance in the deposit account continues to earn interest.

Regular Fixed Deposits

Under the regular fixed deposit scheme by RBL Bank, the investors are given a perfect opportunity to save up for future and control spendings. RBL savings account holder can easily open FD via net banking. A regular FD offers the option to choose payout tenure,FD booking period and premature FD withdrawal.

Tax Savings Fixed Deposits

As the name suggests, tax saving fixed deposit offers exemption under Section 80C of Income Tax Act 1961. You can invest starting at ₹100 and go up to ₹150000. The minimum tenure for a tax saving fixed deposit is 5 years with no option of premature withdrawal. Please note that TDS will be deducted on interest earned.

Senior Citizen Fixed Deposits (Wealth Secure)

The Senior Citizen FD or wealth secure is an initiative by RBL Bank for senior citizens to earn attractive interest on their fixed deposits. This FD offers a flexible payout option from monthly, quarterly or on maturity. The tenure for wealth secure FD can be anywhere from 7 days to 10 years. Under senior citizen fixed deposit, no early penalty fees is applicable if deposit is prematurely or partially withdrawn.

Super Senior Citizen Fixed Deposits (Akshay Nidhi)

Under Super Senior Citizen FD, the investors get additional 0.75% interest on FD annually. This scheme allows regular payout options and OD facility of up to 90% of the deposit amount. Booking a senior citizen fixed deposit is easy with netbanking and RBL MyBank app. For those who wish to prematurely withdraw or partially withdraw their deposit, no penalty is levied.

Benefits of RBL Fixed Deposit Rates

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

Guaranteed higher interests
Easy online application process to open fixed deposit in RBL bank
General citizens can earn attractive FD interest rates of up to 7.20%.
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

Here are the documents required for availing RBL fixed deposit interest rates-

PAN card
Aadhaar Card.
Aadhaar linked mobile number

How to Open RBL Fixed Deposit?

To open a fixed deposit in RBL Bank, you can take online or offline routes. Here are the detailed steps explaining the process to open RBL FD.

Online Process to Book RBL Bank Fixed Deposit

You can open FDs with RBL Bank via net banking and RBL MyBank app. This is what you need to do:

Using RBL Net banking

Go to the official website of RBL Bank and head to the ‘Products’ section.
Now click on ‘Deposits’ and choose the FD that you want to book.
Go to ‘Apply Now’ and you will be asked to enter User ID and password.
After logging in, you will be asked to select the amount of deposit, tenure, and payout option.
Add nominee details and finalise all the details.
After verifying all the details, make the payment and your FD will be booked.

If you are not a customer of RBL Bank, you will be asked to share KYC details such as Aadhaar and PAN details. After completing Video KYC verification, you can proceed to book your fixed deposit as usual.

Using RBL MyBank app

Download the RBL MyBank app and login using customer ID and password
Next, go to ‘Deposit’ and then head to ;Transact’ option
Select the option to open a Fixed Deposit account.
Verify your KYC details and then enter nominee details.
Add the FD amount, tenure and payout options, verify all the details.
Confirm and make payment of the FD amount to finally book your Fixed Deposit.

Offline Method to Book RBL Fixed Deposit

To book a fixed deposit at RBL Bank offline, go to the nearest branch and ask for a fixed deposit form. Carry your Aadhaar Card, PAN card along for KYC verification. Submit the filled application form along with required documents. Make the payment and you will be able to open your FD easily.

Compare RBL FD Interest Rates with Other Banks

Tenure	RBL Bank	HDFC Bank	ICICI Bank	SBI	Axis Bank	Kotak Mahindra Bank
1 year	7.00% - 7.50%	6.25% - 6.75%	6.25% - 6.75%	6.25% - 6.75%	6.25% - 6.75%	6.25% - 6.75%
2 years	7.20% - 7.70%	6.45% - 6.95%	6.25% - 6.75%	6.40% - 6.90%	6.60% - 7.10%	6.40% - 6.90%
3 years	7.00% - 7.50%	6.40% - 6.90%	6.60% - 7.20%	6.30% - 6.80%	6.60% - 7.10%	6.40% - 6.90%
4 years	7.00% - 7.50%	6.40% - 6.90%	6.60% - 7.20%	6.30% - 6.80%	6.60% - 7.10%	6.40% - 6.90%
5 years	6.70% - 7.20%	6.15% - 6.65%	6.60% - 7.10%	6.05% - 7.05%	6.60% - 7.35%	6.25% - 6.75%

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 ₹50,000 per year, a TDS of 10% is deducted. For senior citizens, this limit increases to ₹1,00,000 annually. Additionally, if you do not submit your PAN card details to the bank, a higher TDS rate of 20% will be applied.

RBL FD Calculator

Calculate fixed deposit returns of RBL Bank using the RBL FD Calculator given below:

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

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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.

Download the Stable Money App and book FD with minimal KYC requirements.