For savings accounts with daily balance, an interest rate of 4.25% will be given on an amount up to Rs.1,00,000. Along with this, 5.50 per cent interest will be given on savings accounts for amounts ranging from Rs 1 lakh to Rs 10 lakh. If this amount is between Rs 10 lakh to Rs 25 lakh, then interest (RBL Bank Interest Rates) will be given from 6.00% by the bank.
RBL Bank has given good news to its customers by increasing the rates on savings accounts (RBL Bank New Rule). The bank has given information about this on its official website. But an increase of 50 basis points has been made. The bank is going to implement these new interest rates (RBL Bank Interest Rates) from August 21, 2023. The customers of the bank can take advantage of this directly.
What are the new rates?
For savings accounts with daily balance, an interest rate of 4.25% will be given on an amount up to Rs.1,00,000. Along with this, 5.50 per cent interest will be given on savings accounts for amounts ranging from Rs 1 lakh to Rs 10 lakh. If this amount is between Rs 10 lakh to Rs 25 lakh, then interest (RBL Bank Interest Rates) will be given from 6.00% by the bank.
The bank has increased 50 basis points on the amount more than this i.e. more than Rs 25 lakh. RBL Bank has also increased the interest rate available on loans from Rs 25 lakh to Rs 3 crore. In which it has been increased from seven percent to 7.50 percent.
While the interest rate available on savings accounts has increased, there has been a decrease in the interest rate for accounts with high daily balance. There has been a reduction of 50 basis points in the interest rate on any account where the amount is more than three crores. For amounts above Rs 3 crore and up to Rs 25 crore, after the reduction, the rate has been reduced from 7 per cent to 6.5 per cent.
If the rate of interest given in the bank on the amount of Rs 25 crore to Rs 50 crore is 6.25%. More than this amount i.e. 6 percent on the amount above Rs.50 crore and up to Rs.100 crore and 4 percent on the amount from Rs.100 crore to Rs.200 crore.
