RBL Bank updates fixed deposit interest rates for the following maturity periods.
RBL Bank has updated its fixed deposit interest rates for amounts below ₹3 crore, effective December 15, 2024.
RBL Bank has revised its fixed deposit (FD) interest rates for amounts under ₹3 crore, effective December 15, 2024. According to the bank's website, the updated rates now range from 3.50% to 8% for regular citizens, while senior citizens and super senior citizens benefit from higher returns of 8.50% and 8.75%, respectively. The bank offers its highest interest rate of 8% on FDs with a 500-day maturity period.
For senior citizens, the same tenure yields a higher rate of 8.50%.
Latest RBL Bank FD Interest Rates
| Deposit Period | Domestic & Flexi FD Interest Rates (p.a.) |
|---|---|
| 7 to 14 days | 3.50% |
| 15 to 45 days | 4.00% |
| 46 to 90 days | 4.50% |
| 91 to 180 days | 4.75% |
| 181 to 240 days | 5.50% |
| 241 to 364 days | 6.05% |
| 365 to 452 days (12 months to <15 months) | 7.50% |
| 453 to 499 days (15 months to <16.5 months) | 7.80% |
| 500 days (Highest) | 8.00% |
| 501 to 545 days (16.5 months to <18 months) | 7.80% |
| 546 days to 24 months | 7.80% |
| 24 months 1 day to 36 months | 7.50% |
| 36 months 1 day to 60 months 1 day | 7.10% |
| 60 months 2 days to 120 months | 7.00% |
| Tax Savings FD (60 months) | 7.10% |
(Source: RBL Bank)
Fixed deposits (FDs) are investment options where individuals deposit funds for a fixed tenure to earn guaranteed interest. They are a popular choice among risk-averse investors due to their assured returns.
Earlier this month, Karnataka Bank also updated its fixed deposit interest rates for both callable and non-callable deposits.
Karnataka Bank’s Revised FD Rates Highlights
For General Citizens:
For Senior Citizens:
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