RBL Bank, which is one of the leading private sector banks in India, has recently updated and increased the interest rates on their fixed deposits (FDs) under ₹2 crores for different tenures. As per the official RBL website, the updated interest rates will come into effect from November 25, 2022. The lowest level of interest rates for FDs starts at 3.25% for a tenure of 7 days to 14 days. On the other hand, the highest interest available is 7.55% for fixed deposits maturing in 453 days to 725 days. For all fixed deposits under RBL bank, senior citizens will get an extra 0.50% over the base interest rate.
RBL Bank Updated Fixed Deposit Interest Rates
Let's take a look at the recently updated interest rates for RBL Bank fixed deposits that are applicable from November 25, 2022:
For FDs ranging from 7 days to 14 days: The interest rate has been updated to 3.25% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 3.75% per annum.
For FDs ranging from 15 days to 45 days: The interest rate has been updated to 3.75% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 4.25% per annum.
For FDs ranging from 46 days to 90 days: The interest rate has been updated to 4.00% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 4.50% per annum.
For FDs ranging from 91 days to 180 days: The interest rate has been updated to 4.59% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 5% per annum.
For FDs ranging from 181 days to 240 days: The interest rate has been updated to 5% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 5.50% per annum.
For FDs ranging from 241 days to 364 days: The interest rate has been updated to 5.85% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 6.35% per annum.
For FDs ranging from 365 days to 452 days: The interest rate has been updated to 7.00% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 7.50% per annum.
For FDs ranging from 453 days to 459 days: The interest rate has been updated to 7.55% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 8.05% per annum.
For FDs ranging from 460 days to 724 days: The interest rate has been updated to 7.55% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 8.05% per annum.
For FDs of exactly 725 days: The interest rate has been updated to 7.55% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 8.05% per annum.
For FDs ranging from 726 days to less than 24 months: The interest rate has been updated to 7.00% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 7.50% per annum.
For FDs ranging from 24 months to less than 36 months: The interest rate has been updated to 7.00% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 7.50% per annum.
For FDs ranging from 36 months to 60 months and 1 day: The interest rate has been updated to 6.55% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 7.05% per annum.
For FDs ranging from 60 months 2 days to 240 months: The interest rate has been updated to 6.25% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 6.75% per annum.
For Tax Savings Fixed Deposit (60 months): The interest rate has been updated to 6.55% per annum for FDs under ₹2 crore. For senior citizens, the FD interest rate has been updated to 7.05% per annum.
Disclaimer: All the interest rates for fixed deposits have been recorded at the time of writing from the bank's official website and are subject to change in the future. BQ Prime does not endorse any fixed deposits. Please invest at your own discretion.
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