RBL Bank Fixed Deposit
RBL Bank offers fixed deposits for their customers' investment needs. Fixed Deposits or Term Deposits offered by RBL Bank can be invested into for a period of 7 days to 20 years.
Based on the maturity tenure of the deposits, the interest offered by the bank ranges from 3.50% p.a. to 7.80% p.a. for the general public.
Senior citizens are offered additional interest of 0.50% for all maturity tenures.
Types of RBL Bank Fixed Deposits
- RBL Bank Regular Fixed Deposits
- RBL Bank Tax Savings Fixed Deposits
- RBL Bank Senior Citizen Fixed Deposits
- RBL Bank Flexi Sure Fixed Deposits
Features of RBL Bank Regular Fixed Deposit Scheme
- Range of RBL Bank FD Interest Rates are: 3.50% p.a. to 7.80% p.a.
- Highest Term Deposit rate: 7.80% p.a.
- Maturity tenure range: 7 days to 20 years.
- Minimum deposit amount: Rs.1,000.
- There is no cap on the maximum deposit amount.
- Senior citizens are eligible for an additional interest rate of 0.50% p.a.
- Interest payment options: Monthly, quarterly or yearly basis.
- Partial or premature withdrawals are allowed.
- You can avail the nomination facility.
- Overdraft facility is available.
Features of RBL Bank Tax Savings Fixed Deposit Scheme
- Interest rates start from 7.10%.
- Tax savings of Rs.100 to Rs.1.50 lakh.
- Maturity period: Maximum of 5 years.
- Avail tax benefits under Section 80C of the Income Tax Act, 1961.
- In case of joint deposits, the tax benefits can be availed by the first holder of the deposit.
- TDS can be availed on the basis of the existing guidelines.
- You can avail the nomination facility.
Features of RBL Bank Senior Citizen Fixed Deposit Scheme
- Range of RBL Bank Senior Citizens Fixed Deposit Scheme: 4.00% p.a. to 8.30% p.a.
- Maturity tenure range: 7 days to 20 years.
- No upper limit on deposit amount.
- Conveniently book your deposits through internet banking.
- Tax Deducted at Source (TDS) applicable.
- Option of receiving interests on monthly, quarterly, or end of term frequencies.
- Premature or partial withdrawal is allowed.
- Nomination facility is available.
Features of RBL Bank Flexi Sure Fixed Deposits
- Lucrative rates of interest.
- Any shortfalls in the linked savings or current account are adjusted from the FD account.
- You can choose to link multiple accounts to your account.
- Choose the tenure of the fixed deposit as per your requirement.
- Once the shortfall for a savings or current account is adjusted, the remaining amount in the FD account continues to draw interest.
Required Documents for RBL Fixed Deposit Application
Valid identity proof and address proof such as:
- Aadhaar Card
- Driving License
- Passport
- Voter's ID card
- Permanent Account Number (PAN) Card and so on
Note: The documents mentioned here are indicative. You might be required to provide other documents as per the requirement of the bank.
FAQs on RBL Fixed Deposit Scheme
- What is the minimum tenure for which a fixed Deposit account can be opened with RBL Bank?
The minimum tenure for which a fixed deposit account can be opened with RBL Bank is 7 days.
- What is the highest interest rate offered by RBL Bank on a fixed deposit tenure?
The highest rate of interest offered by RBL Bank on fixed deposits is 6.95% p.a. for general public and 7.45% p.a. for senior citizens. These rates are applicable for a tenure of 36 months to 36 months 1 day.
- Does RBL Bank offer special interest rates on fixed deposits for senior citizens?
Yes, RBL Bank offers an additional interest rate of 0.50% p.a. for senior citizens over the general rates of interest for the general public.
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