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RBL Bank Recurring Deposit: Rates, Features and How to Open
Are you ready to turn your limited savings into a big corpus? Consistent monthly investment in a Recurring Deposit (RD) with RBL Bank can help you earn high returns. You can even start with a mere investment amount of ₹1000! With attractive interest rates and flexible tenures, RBL Bank RDs are smart channels to build a dependable savings habit. So, save and grow your existing wealth simultaneously.
Explore the details regarding RBL Bank recurring deposit rates, benefits, eligibility and the simplified application process. Thus, begin your savings journey!
Key Highlights
- RBL Bank Recurring Deposits are safe investment options for guaranteed, stable returns.
- The RBL Bank has flexible tenure options, extending between 6 months and 10 years.
- RBL Bank Recurring Deposit accounts are associated with competitive interest rates.
RBL Bank Recurring Deposit Interest Rates 2025
Based on the deposit tenure, varying interest rates may apply for the RBL Bank RD. Such schemes offer an excellent opportunity to grow your savings and generate wealth. Check out the table below for the RBL Bank Recurring Deposit interest rates as of June 2025 (applicable for deposits under Rs. 3 crores):
Tenure | Interest Rates for General (per annum) | NRE Interest Rates (per annum) | NRO Interest Rates (per annum) |
6 months - 7 months | 5.50% | Not Applicable | 5.50% |
8 months - 11 months | 6.05% | Not Applicable | 6.05% |
12 months - 24 months | 7.00% | 7.00% | 7.00% |
25 months - 36 months | 7.20% | 7.20% | 7.20% |
37 months - 59 months | 7.00% | 7.00% | 7.00% |
60 months - 120 months | 6.70% | 6.70% | 6.70% |
RBL Bank Senior Citizen Recurring Deposit Interest Rates
The table below lists RBL Bank FD rates for senior citizens as of June 2025 (applicable for deposits under Rs. 3 crore):
Tenure | Senior Citizen Interest Rate (per annum) |
6 months - 7 months | 6.00% |
8 months - 11 months | 6.55% |
12 months - 24 months | 7.50% |
25 months - 36 months | 7.70% |
37 months - 59 months | 7.50% |
60 months - 120 months | 7.20% |
RBL Bank Recurring Deposit Interest Rate Calculation
The RBL Bank recurring deposit interest rate is compounded quarterly. A compound interest calculation method is implemented in order to arrive at the recurring deposit interest. This interest is compounded each quarter, starting from the initial deposit date.
The following formula is applied to calculate the RD interest:
P x (1 + r/n) ^ (n x t) = A
Where:
- P = Deposit Value
- r = Rate of Interest
- n = Indicates how many times the interest is compounded
- t = Tenure
- A = Maturity Amount
Consider the following understanding:
Raj opens up a recurring deposit account with RBL Bank and commits to a monthly deposit of ₹5,000. He has opted for a tenure of 36 months. The interest rate applicable is 7.10% per annum.
Applying the above-mentioned formula, Raj’s recurring deposit will grow to:
According to the formula,
- P = ₹1,80,000 (Rs.5,000 x 36)
- r = 0.071 (7.10%)
- n = 4
As, P x (1 + r/n) ^ (n x t) = 1,80,000 x (1 + 0.071/4) ^ (4 x 36) = A
Therefore, A = ₹2,01,001
Raj’s earnings in total resulting from the RBL Bank recurring deposit account for a tenure of 36 months and 1 day amount to ₹2,01,001. The interest earned amounts to ₹ 21,001, given that he deposits ₹5,000 each month (for 36 months).
RBL Bank Recurring Deposit Features
- Competitive Interest Rates: RBL Bank recurring deposit interest rates are attractive, going as high as 7.20% per annum (for general citizens). For senior citizens, the interest percentage goes up to 7.70% per annum.
- Flexible with Tenure: You can opt for a deposit tenure of your preference, ranging from 6 months to 120 months. This flexibility factor comes in handy when you have specific financial goals to consider.
- Quarterly Compounding System: Whatever interest is earned on the RBL Bank recurring deposit is compounded quarterly. This extends the benefit of bagging interest on both the interest earned before and the principal amount.
- Facility of Nomination: Appoint a nominee for your RBL Bank recurring deposit account. Thus, ensure that the maturity amount is conveniently collected by this nominee if you are absent.
- Deduction of TDS: RBL Bank deducts the TDS amount according to the relevant income tax regulations when the account is being opened.
- Minimum Deposit Requirement is Low: Start your RBL RD account with a minimal deposit requirement of as low as ₹1,000.
How to Open RBL Bank Recurring Deposit Account?
Here are the steps to open a RBL Bank Recurring Deposit Account online:
Step 1: Log in to the RBL Bank net banking portal or mobile banking app.
Step 2: Choose the option that reads ‘Open an RD Account’.
Step 3: Enter details like the deposit amount, nominee and tenure.
Step 4: Agree to the quoted terms and proceed to apply.
After that, you will receive a confirmation. The RD account with RBL Bank will be opened.
Here are the steps to open an RBL Bank Recurring Deposit Account in the offline mode:
Step 1: Visit your closest RBL Bank branch with the relevant savings account information.
Step 2: Fill out the RBL Bank recurring deposit application form. Provide all the necessary details, including tenure, instalment amount, payment method and nominee.
Step 3: Submit your form and pay off your first instalment.
Hence, your recurring deposit account with RBL Bank will be opened and processed.
Like RDs, FDs are also rewarding investment options. Especially if you are risk-averse and want to guarantee long-term returns, fixed deposits are your best bet. Download the Stable Money app and get started on your investment journey with high-interest fixed deposits!
