Maximise your return on investment by capitalising on the higher fixed deposit interest rates offered by RBL Bank.
An RBL Bank Fixed Deposit (FD) could be an ideal investment option if you are looking for stable and guaranteed returns. The bank offers FDs with interest rates as high as 8.50% p.a. with exclusive benefits for senior citizens. For super senior citizens aged over 80 years, there is an additional 0.75% p.a. interest rate. Similarly, senior citizens aged between 60 and 80 years old can receive an extra 0.50% p.a., providing stable growth during retirement years.
The competitive interest rates ensure that your investments grow steadily, while the wide range of tenor options offers flexibility to suit your financial needs.
Period of Deposit |
Domestic Rates (p.a.) |
Senior Citizen Interest Rates (p.a.) |
7 – 14 days |
3.50% |
4.00% |
15 – 45 days |
4.00% |
4.50% |
46 – 90 days |
4.50% |
5.00% |
91 – 180 days |
4.75% |
5.25% |
181 – 240 days |
5.50% |
6.00% |
241 – 364 days |
6.05% |
6.55% |
365 - 452 days (12 months to less than 15 months) |
7.50% |
8.00% |
453 days to 499 days (15 months to 16 months 14 days) |
7.80% |
8.30% |
500 days |
8.00% |
8.50% |
501 days - 545 days (16 months 16 days to less than 18 months) |
7.80% |
8.30% |
546 days - 24 months (18 months to 24 months) |
7.80% |
8.30% |
24 Months 1 day to 36 Months |
7.50% |
8.00% |
36 Months 1 day to 60 Months 1 Day |
7.10% |
7.60% |
60 Months 2 Days to 120 Months |
7.00% |
7.50% |
Note: The interest rates mentioned above are valid w.e.f. 15 December 2024 and are subject to change at RBL Bank’s discretion. Check the bank’s official website for the latest rates before investing.
RBL Bank offers attractive interest rates on tax-saving FDs with a 5-year tenure. These FDs provide a safe investment option with stable returns and offer additional tax benefits under Section 80C of the Income Tax Act, of 1961. Here are the current interest rates for tax-saving fixed deposits:
Period of Deposit |
Domestic/NRO/NRE Deposit Rates (p.a.) |
Senior Citizen Interest Rates (p.a.) |
60 Months |
7.10% |
7.60% |
Note: The interest rates mentioned above are valid w.e.f. 15 December 2024 and are subject to change at RBL Bank’s discretion. Check the bank’s official website for the latest rates before investing.
Explore the interest rates offered by RBL Bank for NRO and NRE fixed deposits:
Period of Deposit |
NRO/NRE Deposit Rates (p.a.) |
7 – 14 days |
3.50% |
15 – 45 days |
4.00% |
46 – 90 days |
4.50% |
91 – 180 days |
4.75% |
181 – 240 days |
5.50% |
241 – 364 days |
6.05% |
365 - 452 days (12 months to less than 15 months) |
7.50% |
453 days to 499 days (15 months to 16 months 14 days) |
7.80% |
500 days |
8.00% |
501 days - 545 days (16 months 16 days to less than 18 months) |
7.80% |
546 days - 24 months (18 months 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% |
Note: The interest rates mentioned above are valid w.e.f. 15 December 2024 and are subject to change at RBL Bank’s discretion. Check the bank’s official website for the latest rates before investing. Senior and super senior citizen interest rates are not applicable for NRE and NRO accounts.
Benefits of Investing in RBL Bank Fixed Deposits
Here are some benefits of RBL Bank fixed deposits that could enhance your investment journey:
Attractive Interest Rates
Earn high interest rates of up to 8.50% p.a. on your fixed deposits, maximising your returns on investment.
Low Investment
Book your FD with an investment as low as ₹5,000.
Flexible Tenure Options
Choose from flexible tenure ranging from 7 days to 10 years to meet your financial goals.
Quick Application Process
Open your FD account in minutes through a quick and seamless application process.
Secure Investments
Get an FD insurance of up to ₹5 Lakhs per depositor per bank offered by Deposit Insurance and Credit Guarantee Corporation (DICGC).
Senior Citizen Benefits
Get additional interest rates for senior and super senior citizens to help boost retirement savings.
Convenient Online Management
Easily open and manage your FDs through RBL Bank's online banking platform.
Interest Payouts
Receive your fixed deposit interest payouts on a monthly, quarterly, or cumulative basis.
Auto-renewal Facility
Opt for the auto-renew facility to continue earning interest on your FD upon maturity.
Tax-saving Options
Invest in tax-saving FDs and reduce your taxable income under Section 80C while earning returns.
Here is an illustration showing what your returns on investment will look like upon maturity. It compares the tenures and payouts for 3 and 5 years at an interest rate of 8.10% p.a. for regular citizens. This illustration does not include the additional interest offered to senior and super senior citizens.
Investment Amount |
3-year Tenure |
5-year Tenure |
₹50,000 |
₹63,161 |
₹73,807 |
₹1,00,000 |
₹1,26,321 |
₹1,47,614 |
₹1,50,000 |
₹1,89,482 |
₹2,21,421 |
₹2,00,000 |
₹2,52,643 |
₹2,95,229 |
₹2,50,000 |
₹3,15,804 |
₹3,69,036 |
₹3,00,000 |
₹3,78,964 |
₹4,42,843 |
Note: The rates and other fixed deposit terms mentioned are for illustration purposes only. Please refer to the bank or NBFC's website to verify the latest interest rates before investing.
Before you begin investing, it is important to understand all the charges involved:
Premature Withdrawal
One such charge to be aware of is the premature withdrawal penalty. If you withdraw your FD before maturity, it will be subject to a penalty. The interest will be paid at the rate applicable on the date the deposit was booked, subject to a 1% penalty on the applicable rate. However, senior citizens and super senior citizens are exempt from premature withdrawal charges.
Tax Deducted at Source (TDS)
The interest you earn on a fixed deposit is fully taxable and is taxed according to the income tax slab you fall under. This tax can reduce your overall returns at the time of maturity. The exemption limit for TDS on interest earned is ₹40,000 for non-senior citizens and ₹50,000 for senior citizens. Additionally, individuals with a total taxable income below ₹2.5 Lakhs are exempt from TDS on their FDs, subject to 15G/H declaration submitted with the bank.
The process of investing in an RBL Bank FD through Bajaj Markets is simple and straightforward. Here is a step-by-step guide:
Navigate to the fixed deposit section
Fill in the ‘Invest Now’ form with the required details, such as your mobile number, date of birth, and pin code
Enter the OTP or verification code sent to your mobile number
Compare the interest rates offered by several banks and NBFCs
Select RBL Bank FD from the list of available partners, along with the suitable tenure and interest payout frequency
Provide your name and PAN card details
Upload your PAN card, Aadhaar card, and a current photograph for verification
Cross-check and update the details you have entered, such as your address, marital status, and email address
Enter your banking details, such as your bank’s name, IFSC code, and account number
Add your FD nominee details
Proceed to make the online payment with your preferred payment gateway
Start earning interest on your investment
Frequently Asked Questions
Can the interest rate change during the tenure of an RBL Bank FD?
No, the interest rate for an RBL Bank FD remains fixed throughout the tenure. It does not change during the duration of the fixed deposit.
What is the minimum FD investment amount for customers who do not have a bank account with RBL Bank?
The minimum deposit amount for an RBL Bank FD is ₹5,000.
How can I track my FD in RBL Bank?
You can track and manage your RBL Bank FD using the RBL MoBank mobile application or Retail Internet Banking portal.
How can existing customers open an FD account with RBL Bank?
Existing RBL Bank customers can open an FD account through the Retail Internet Banking portal, using the mobile banking application or by visiting nearest bank branch.
What is the penalty for breaking an RBL Bank FD?
If the FD is closed before maturity, 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. This is subject to a penalty of 1% on the applicable rate.
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