RBL Bank has changed the interest rates of FD. New interest rates have been implemented. Let’s know how much return the bank is giving to the customers?
Bank FD Rates: RBL Bank is included in the list of leading private sector banks. This bank has revised the interest rates of fixed deposits. The new rates have become effective from 29 July. According to the official website of the bank, general citizens are getting annual interest ranging from 3.50% to 8.10% on FDs of 7 days to 10 years. Whereas for senior citizens the minimum interest is 4% and the maximum is 8.60%.
More than 8% return is being given on these two tenures
The bank is giving the highest return on 500 days FD. The interest rate for general citizens is 8.10% and for senior citizens it is 8.60%. Apart from this, general citizens are also getting 8% interest on tenures of 18 months to 24 months. Senior citizens are getting 8.50% interest annually on the same tenure.
How much return will you get on a one year investment?
The bank is giving 6.05% interest to general citizens on FDs of 241 days to 364 days. The interest rate for senior citizens is 6.55%. For tenures ranging from 1 year to less than 15 months, the interest rate for general citizens is 7.5% and senior citizens are getting 8% return.
New rates for other tenures
On 5 year tax saving FDs, the bank is offering 7.10% interest to general citizens and 7.60% interest to senior citizens. On deposits of 501 days to 545 days, the bank is giving 7.80% return to general citizens and 8.30% return to senior citizens. On FDs of 453 days to 499 days, the bank is giving 7.80% interest to general citizens and 8.30% interest to senior citizens.
