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RBL Bank FD Interest Rates

3.25% - 6.00%
Interest rates
3 months -20 years
Time Period
₹1,000 - no limit
Min. - Max amount
QUARTERLY
Compounding

About RBL Bank FD

RBL Bank, formerly known as Ratnakar Bank, is a private sector bank in India. It is headquartered in Mumbai and offers a plethora of services to corporate and retail customers. 

RBL Bank offers various fixed deposit accounts that offer a pool of exclusive benefits and competitive interest rates in India. A fixed deposit is one of the most highly preferred ways of investment and the attractive RBL Bank FD interest rates help the citizens to achieve their set financial goals. Customers are required to make the minimum deposit at the time of opening the account.

Read More
Started On1943
Head QuartersMumbai
CRISIL RatingNA
CEOMr Vishwavir Ahuja
Listed on exchange asRBL Bank Ltd.
ICRA RatingNA

RBL Bank FD Rates 2022

TenureRegular customersSenior citizens
1
2

Features and Benefits of RBL Bank FD

  • The tenure ranges from 7 days to 20 years
  • Easy investment with attractive returns
  • The convenience of booking through internet banking for RBL account holders
  • Interest payout options available are monthly, quarterly or choose to keep it invested till maturity
  • Nomination facility is available
  • Loan/overdraft facility up to 90% is available on the deposit
  • Partial/Premature withdrawal of FD is permitted

Types of RBL Bank FD Schemes

Regular Fixed Deposits

  • This scheme is the best for people who relies on a regular fixed income with easy investment and attractive returns.
  • The convenience of booking through internet banking for RBL Bank Account holders
  • Loan/overdraft facility is available
  • Nomination facility is available
  • Easy investment with attractive RBL FD rates
  • Resident Indians, HUFs, private or pubic limited company, trust, and partnership firm

RBL Bank Tax Savings Fixed Deposits

  • Under this scheme, customers can avail of a flexible FD scheme with dual benefits of tax exemption under section 80C and attractive returns
  • Interest earned is subject to TDS
  • Nomination facility is available
  • In case of joint deposits, the tax benefits under section 80C can only be availed by the first holder of the deposit
  • Flexibility to choose interest payout frequency at your convenience

Flexi Sure Fixed Deposits

Under this scheme, the fixed deposit account is linked with your preferred savings or current account along with ensured liquidity. In case, there is a shortage of cash in the savings or current account, the deposit is partially broken down to meet the cash crunch while the remaining part continues to earn interest.

Customers have the convenience to link multiple deposits to the deposit account

Senior Citizens Fixed Deposits

  • As the name implies, this deposit provides senior citizens with maximum returns on the FDs
  • Nomination facility is available

Term wise RBL Bank FD Rates

Short-term Deposits

For an RBL FD with tenure ranging from 7 days to 12 months, the interest rate offered is from 3.25% p.a. to 6.10% p.a. These deposits are known as short term deposits as they have a tenure of less than 1 year.

Medium-term Deposits

Medium-term fixed deposits have their tenures ranging from more than 1 year to less than 5 years. The interest offered by the bank on these deposits is around 6.10% - 6.30%

Long-term Deposits

These deposits have their tenure ranging from 5 years to 20 years and offer an interest rate of 6.00%.

RBL Bank vs Other Banks' FD Rates

NameTenureInterest rate
1
2
3
4
5

How to invest in RBL Bank FD?

An RBL Bank FD can be opened using online and offline methods-

1) Online Method

  • Visit the official website of the RBL bank i.e. www.rblbank.com.
  • Under the Menu, click on ‘Personal Banking’.
  • Under ‘Fixed Deposits’, click on the ‘Read More’ option.
  • Choose the type of FD.
  • Next, click on ‘Apply Now’.
  • Enter the name, state, city, mobile number, and email ID in the next step.
  • Agree to all the terms and conditions and click on ‘Call Now’ or ‘Call Later’.
  • For further processing, an RBL Bank executive will contact

Note, an RBL FD account can be opened through net banking and mobile banking.

2) Offline Method

For opening an RBL Bank FD account via offline mode, one has to visit the nearest RBL Bank branch. Fill out the RBL Bank FD application form and present all the necessary documents with the deposit amount. On successful processing of the application, an FD account can be opened.

Eligibility to Open a RBL Bank FD Account

The individuals and groups mentioned below are eligible for operating RBL FD accounts.

  • Hindu undivided family members
  • Trust
  • Partnership
  • Public limited company
  • Private limited company
  • Indian residents

NRIs can also invest in such RBL Bank instruments, provided they use either an NRE or an NRO account.

Documents Required to Open RBL Bank FD

To initiate investments through RBL Bank fixed deposit schemes, the individual must furnish the following documents.

  • Proof of identity (Any One)
  • Aadhaar card
  • PAN card
  • Voter ID
  • Driving license
  • Passport
  • Ration card with photograph
  • Citizen ID for investors aged above 60 years
  • Proof of address (Any One)
  • Passport
  • Aadhaar card
  • Driving license
  • Electricity bill
  • Telephone bill
  • Post Office issued certificate

FAQs

What is the minimum deposit amount to open an RBL Bank FD account?

The minimum deposit required to open a fixed deposit account Rs. 1000.

What is the highest interest rate offered by RBL Bank FD?

The maximum interest one can earn on RBL Bank Fixed Deposit is 6.00% for regular customers and 6.50% for senior citizens

What are the tenures offered by RBL Bank?

The RBL FD tenures range from 7 days to 20 years.

Who all are eligible to open a Fixed Deposit account with RBL Bank?

Resident individuals and HUFs are eligible to open an RBL FD account.

Is premature withdrawal allowed on RBL FD?

Yes, it’s allowed. However, as per the terms and conditions of the bank, the penalty for premature withdrawal closure of RBL FD is along with a lower interest rate of 1% than the actual contracted rate. On premature withdrawal of the deposit, interest will be calculated at the rate applicable for the period for which the deposit has actually remained with the bank.

Calculate RBL Bank FD Interest
Investment Amount
₹25,000.00
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
RBL Bank
@6.1% p.a
Get higher interest rates
online upto 0%
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