RBL Bank Increased FD Interest Rates to 8.75%

RBL Bank has increased its interest rates on fixed deposits (FDs) for amounts under Rs 3 crore. These new rates started on December 15, 2024. Now, regular customers can earn interest rates from 3.50% to 8%. Senior citizens will get a higher rate of 8.50%, and super senior citizens (aged 80 and above) can earn up to 8.75%.

On which tenure bank offers the highest interest rate?

RBL Bank gives the highest interest rate of 8% on fixed deposits (FDs) that mature in 500 days. Senior citizens get an extra 0.50%, so they can earn 8.50% on the same FD.

Is there a penalty for early withdrawal of FD early?

The bank’s website says that if you take out your fixed deposit (FD) early, you will get interest based on the rate when you first made the deposit. But, there will be a 1% penalty on the interest rate for the time the FD was with the bank.

Latest RBL Bank FD interest rates :

Is there a penalty on premature withdrawal of FD?

If you withdraw your fixed deposit (FD) early, the bank will pay interest based on the rate you originally got. However, there will be a 1% penalty on the interest.

RBL Bank senior citizen FD rates:

Senior citizens, who are between 60 and 79 years old, can get an extra 0.50% interest per year.

Is there a penalty for premature withdrawal of FDs for senior citizens?

Senior citizens and super senior citizens do not have to pay a penalty if they take out their fixed deposits early.

Interest rates on FDs for super senior citizens

Super senior citizens, who are 80 years old or older, get an extra 0.75% interest each year. RBL Bank gives the highest interest rate of 8.75% on fixed deposits that last for 500 days for super senior citizens.

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