RBL Bank Fixed Deposit

About RBL Bank Fixed Deposit

RBL Bank fixed deposits make saving easy for customers of all age group. The investors get the benefit of high-interest rate and overdraft. The deposits are not locked and can be withdrawn in parts or fully. Moreover, you receive the interest at the frequency selected by you. The procedure to book a fixed deposit is simple. Both existing and new customers can avail the facility of fixed deposits at RBL Bank. Bank offers various schemes taking into consideration the requirements of its customers.

  1.  RBL Bank Regular Fixed Deposits
  2.  RBL Bank Senior Citizen Fixed Deposits
  3.  RBL Bank Flexi – Sure Fixed Deposits
  4.  RBL Bank Tax Savings Fixed Deposits

RBL Bank Fixed Deposit Interest Rate Table

(Effective from 01.09.2017)

Deposits less than ₹1CrDeposits of ₹1 Cr & above up to ₹3 Cr
TenureInterest Rates (%)Effective
Annualised
Yield (%)
Annualized rate % for Senior CitizenInterest Rates (%)Effective
Annualised
Yield (%)
Annualized rate % for Senior Citizen
7 days – 14 days5.005.005.505.005.005.50
15 days - 45 days5.255.255.755.255.255.75
46 days – 90 days6.756.757.256.506.507.00
91 days – 180 days6.756.757.256.656.657.15
181 days – 240 days7.007.117.626.907.007.52
241 days – 364 days7.107.297.826.857.037.56
12 months - less than 24 months7.207.407.936.857.037.56
24 months – less than 36 months7.307.508.036.857.037.56
36 months – less than 120 months7.207.407.936.857.037.56
120 months – 240 months7.207.407.936.857.037.56

How To Apply

The interested candidates can apply for the fixed deposit by visiting the nearest bank branch. The existing RBL account holders can book the deposits through internet banking.

RBL Bank Fixed Deposit Schemes

1. RBL Bank Regular Fixed Deposits

This is the idle investment for people who want to receive regular monthly income at the high rate of interest. Depositors can invest for the period ranging from 7 days to 20 years.

ParticularsDetails
Minimum Investment Period7 days
Maximum Investment Period20 years
TDSApplicable
Nomination FacilityAvailable
Premature/ Partial WithdrawalAllowed
Loan/Overdraft FacilityAvailable

2. RBL Bank Senior Citizen Fixed Deposits

Senior Citizens can enjoy the benefit of additional interest on the fixed deposit made under this scheme. The multiple interest payout options and the wide range of tenure make investment convenient for the senior citizens.

ParticularsDetails
Minimum Investment Period7 days
Maximum Investment Period20 years
Interest Payout FrequencyMonthly, quarterly or keep invested till maturity
TDSApplicable
Nomination FacilityAvailable
Premature/ Partial WithdrawalAllowed

3. RBL Bank Flexi – Sure Fixed Deposits

In this scheme, the fixed deposit is linked to the depositors current or savings account. The deposits can be easily liquidated to meet the shortfall in the account. The amount of deficit is withdrawn from the fixed deposit and transferred to the account. The remaining deposit amount yields interest at the same rate of interest.

4. RBL Bank Tax Savings Fixed Deposits

The depositor can save tax on the amount ranging from ₹100 to ₹1,50,000. The interest is paid out monthly, quarterly or at maturity as per customer’s demand.

       RBL Bank Tax Savings Fixed Deposit Interest Rate Table

Period RegularSenior Citizen
60 months to 120 months 7.568.08

Features/ Benefits

  • Wide range of tenure
  • Overdraft facility
  • Multiple interest payout options
  • Deposits can be easily liquidated

RBL Bank Fixed Deposit Calculator

To know how much interest you can earn on the fixed deposit use the RBL Bank FD Calculator. The calculator will compute the maturity amount and the interest receivable. Just enter the amount of deposit and tenure of deposit. The calculator applies the rate of interest applicable on the section (general, senior citizen) and the selected tenure.

RBL Bank Fixed Deposit Application Form

To avail the fixed deposit benefits at RBL, the investor needs to fill the application form available at the RBL Bank branches. The form comprises of the following fields that are to be necessarily filled:

  • Applicant’s name
  • Customer ID (for existing customer)
  • In type of account section- choose the fixed deposit
  • Fixed Deposit Details (amount of deposit, tenure and interest payout frequency)
  • Nomination Details

Documentation

ID ProofAddress Proof
PassportPassport
PAN CardTelephone Bill
Driving LicenseElectricity Bill
Voter IDID Card Issued by Post Office
Government ID CardBank Statement with Cheque
Senior Citizen ID CardAny other ID proof or address proof document can be submitted subject to bank's satisfaction

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