RBL Bank Flexi Sure Fixed Deposits
The RBL Bank Flexi Sure Fixed Deposit account is directly linked to your existing current account or savings account. It offers better returns and also lets you enjoy the benefits of liquidity.
One of the most convenient features of the RBL Bank Flexi Sure Fixed Deposit is that deficits in the account is filled up by breaking the exact shortfall amount from the FD account.
Features and Benefits of the RBL Bank Flexi Sure Fixed Deposit Account
The features and benefits of the RBL Bank Flexi Sure Fixed Deposit account can be summed up as follows:
- Mutiple deposits can be linked to one account
- You can choose the investment tenure for the fixed deposits as per your liking
- Any deficit in the account is made up by breaking the linked fixed deposit and filling up for the same
- Only the amount which is partially broken and used for shortfalls will be credited to the account
- The balance amount in the fixed deposit account will continue to earn interest
How to apply for RBL Bank Flexi Sure Fixed Deposit
You can follow the steps mentioned below to apply for an RBL Bank Flexi Sure Fixed Deposit account:
- Step 1: Visit the official website of RBL Bank at www.rblbank.com.
- Step 2: On the home page, click on the menu bar at the top-left corner and navigate to the 'Fixed Deposit' option under 'Personal Banking'.
- Step 3: At the bottom of the list, click on the 'Flexi Sure Fixed Deposit' option.
- Step 4: On the product page, click on the 'Apply Now' button.
- Step 5: Fill in the form with the required details such as your name, state, city, mobile phone number, and email ID.
- Step 6: Check the box to authorise the contact details.
- Step 7: Click on the 'Call Now' or 'Call Later' button as per your convenience.
Fixed Deposit Interest Rates of RBL Bank
The interest rates for RBL Bank Fixed Deposits for domestic, NRE, NRO, and Flexi Fixed Deposits are listed below:
Tenure | Interest Rates for General Public (p.a.) | Interest Rates for Senior Citizens (p.a.) |
7 days to 14 days | 3.50% | 4.00% |
15 days to 45 days | 4.00% | 4.50% |
46 days to 90 days | 4.50% | 5.00% |
91 days to 180 days | 4.75% | 5.25% |
181 days to 240 days | 5.50% | 6.00% |
241 days to 364 days | 6.05% | 6.55% |
365 to 452 days (12 months to less than 15 months) | 7.50% | 8.00% |
453 days to less than 24 months (15 months to less than 24 months) | 7.80% | 8.30% |
24 months to less than 36 months | 7.50% | 8.00% |
36 months to 60 months 1 day | 7.10% | 7.60% |
60 months 2 days to 240 months | 7.00% | 7.50% |
Tax Savings Fixed Deposit (60 months) | 7.10% | 7.60% |
Note: Interest rates applicable from 29 July 2024 and are subject to change without prior notice.
FAQs on RBL Bank Flexi Sure Fixed Deposits
- What will the tax deducted at source (TDS) if I do not provide my PAN details?
If you do not provide your PAN details, then TDS in excess of 20% will be applicable.
- For term deposits lesser than 181 days, how will the interest at maturity be calculated?
For term deposits lesser than 181 days, the interest at maturity will be computed as simple interest.
- What are the interest rates offered by RBL?
For deposits of up to Rs.3 crore, the interest rates offered ranges between 3.25% and 6.50% for tenures ranging between 7 days and 20 years.
- Will senior citizens be given any benefits if they open a fixed deposit account with RBL?
Yes, senior citizens will be offered an additional interest of 0.50% on their term deposits. The rate of interest offered for senior citizens will range between 3.75% and 7.00%.
- I have opened a tax saving fixed deposit account. Is there a lock-in period for it?
Yes, there is a lock-in period of 5 years during which you will not be allowed to withdraw any amount from the account. In case you decide to withdraw any amount from your tax saving fixed deposit account, applicable penalties will be levied.
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