Note:

• Interest rates are subject to change from time to time. Deposit will be booked upon availability of clear funds with the bank at applicable interest rate as on the date of receipt of the funds by the bank.
• Interest earned on the Fixed Deposits will be subject to applicable Tax Deducted at Source as per Income Tax laws.
• The Fixed Deposits rate applicable for a monthly interest option will be discounted rate over the applicable rate.
• The maximum aggregate amount that can be invested in the Tax Savings Fixed Deposits (80C FD) under a single PAN is INR 1,50,000 and the same cannot be closed prematurely before expiry of the lock-in period of 5 years. Tax Savings Fixed Deposits is applicable for Domestic/NRO (Not Applicable for NRE Fixed Deposits).
• For Fixed Deposits with tenure below 181 days, interest will be calculated at maturity as simple interest.
• No deviation from the above rates will be permitted.
• The revised rates are applicable for fresh Fixed Deposits and renewal of old Fixed Deposits.
• On premature full/partial withdrawal of the Fixed Deposit, interest shall be paid at the rate that was applicable on the date the deposit was placed and for the period for which the deposit is maintained with the Bank, subject to a penalty of 1% on such rate. However, there is no penalty for premature withdrawal of Fixed Deposits by senior citizens/super senior citizens.
• Above rates are also applicable for NRO/NRE Fixed Deposits
• Minimum tenure for NRE Fixed Deposit is 1 year and no interest is payable for deposits prematurely withdrawn within the period of 1 year from the date of deposit.
• Minimum tenure for Domestic & NRO Fixed Deposits is 7 days and no interest is payable for deposits prematurely withdrawn within the period of 7 days from the date of deposit.
• Senior Citizens (60 years to less than 80 years) are eligible for additional interest rate of 0.50% p.a. and Super Senior Citizens (80 years and above) are eligible for additional interest rate of 0.75% p.a. Senior Citizens/Super Senior Citizens rates are not applicable on Non Resident Fixed Deposits (NRE/NRO).
• Tenures mentioned in months and days from 365 days to less than 24 months is simplification of TD booking for the customers however applicable rate shall be as per number of days only.
• Deposits for a tenure of more than 10 years can be accepted under Regulatory/Statutory/Enforcement/Other Legal Agencies/Court Orders.

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To open a Fixed Deposit with RBL Bank, click on the below button

Note:

• Fixed Deposits cannot be prematurely withdrawn (full / part) before maturity unless same is under condition of government order / regulatory order / bankruptcy / legal order / deceased settlement.
• Interest rates are subject to change from time to time. Deposit will be booked upon availability of clear funds with the bank at applicable interest rate as on the date of receipt of the funds by the bank.
• Interest earned on the Fixed Deposits will be subject to applicable Tax Deducted at Source as per Income Tax laws.
• Minimum value is exceeding INR 1 crore for individual customers including sole proprietor and INR 50 lakhs and above for non-individual customers including HUF.
• Above rates are also applicable for NRO/NRE Fixed Deposits.
• Interest shall be compounded on quarterly basis and is payable on maturity of the deposit in case of cumulative deposits.
• Sweep in facility is not allowed.
• The interest may be paid on monthly/ quarterly basis. The monthly interest will be paid at discounted value.
• Senior Citizens (60 years to less than 80 years) are eligible for additional interest rate of 0.50% p.a. and Super Senior Citizens (80 years and above) are eligible for additional interest rate of 0.75% p.a. Senior Citizens/Super Senior Citizens rates are not applicable on Non-Resident Fixed Deposits (NRE/NRO).
• No deviation from the above rates will be permitted.
• Tenures mentioned in months and days from 365 days to less than 24 months is simplification of TD booking for the customers however applicable rate shall be as per number of days only.
• Deposits for a tenure of more than 10 years can be accepted under Regulatory/Statutory/Enforcement/Other Legal Agencies/Court Orders.

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To open a Recurring Deposit with RBL Bank, click on the below button

(If you are a New customer, request you to first open a Savings Account with us by clicking the "New Customer" button above and then place the recurring deposit by login in our Internet Banking portal.)

Note:

• Minimum tenure for RD is 6 months, maximum up to 120 months. For NRE RD minimum tenure is 12 months.
• Minimum amount of Recurring Deposit is INR 1,000.
• Tax at source is deducted as per the income tax regulations prevalent from time to time. (Not Applicable for NRE Recurring Deposits).
• On pre-mature withdrawal of the RD, the interest will be calculated at rate applicable for the period for which RD has actually remained with the bank, subject to a penalty of 1%. However, there is no penalty for premature withdrawal of RD by senior citizens/super senior citizens.
• Penalty for missing installments will be 1% of installment amount for each month installment is missed. This penalty will be deducted from maturity amount.
• No interest is payable for NRE deposits prematurely withdrawn within the period of 1 year from the date of deposit.
• Senior Citizens (60 years to less than 80 years) are eligible for additional interest rate of 0.50% p.a. and Super Senior Citizens (80 years and above) are eligible for additional interest rate of 0.75% p.a. Senior Citizens/Super Senior Citizens rates are not applicable on Non Resident Recurring Deposits (NRE/NRO).
• Deposits for a tenure of more than 10 years can be accepted under Regulatory/Statutory/Enforcement/Other Legal Agencies/Court Orders.

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Note:

• Rate of Interest % per annum
• FCNR(B) Deposits are acceptable for a minimum period of one year and maximum period of 5 years.
• No interest would be paid if the deposit is pre-closed in less than a year. On pre-mature withdrawal of the deposit after completion of 1 year, interest will be calculated at the rate applicable for the period the deposit has actually remained with the Bank, subject to a penalty of 1%. The Interest rates offered on FCNR(B) deposits are linked to LIBOR, hence in certain scenarios, Interest rates offered may be less than the premature penalty levied. Please ask the Branch staff for more details.
• FCNR(B) Deposits cannot be partially withdrawn.
• Additional Interest Rates for Senior Citizen category staff not available for FCNR(B) Deposits. Interest rates for FCNR(B) deposits are subject to change every month and as per the guidelines issued by the Reserve Bank of India from time to time. Applicable interest rates will be given as on the date of receipt of clear funds by the bank.
• In line with Reserve Bank of India guidelines, the interest is calculated on a half yearly basis. Interest for re-investment deposit is compounded every six months. (Half year/ six months is defined as 180 days).

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All rupee loans sanctioned and credit limits renewed (other than exceptions permitted by RBI) will be priced with reference to the tenor based MCLR as mentioned above.

For historical rates, click here