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Updated 29 Aug 2023
Navigating the financial world can seem intricate, especially when looking for stable and reliable investment avenues. Fixed Deposits (FDs) have always been a favoured choice for many, given their assured returns and low risks. RBL Bank, with its robust banking services, offers a streamlined process to open an FD account.
Whether you're a seasoned investor or a newbie testing the investment waters, this blog will guide you step-by-step on how to open an FD account with RBL Bank effortlessly. Join us as we explore the procedures, benefits, and what makes RBL's FDs a notable choice for investors.
If the investor has a saving account or current account with RBL Bank, then, Fixed deposit account can be opened in both online and offline way-
Online -
Step 1- Login to your Net Banking Application.
Step 2- Select 'Transact' and choose Open Fixed deposit.
Step 3- Fill in the required details after selecting the bank's branch.
Step 4- Enter the deposit amount and select the tenure of FD. Also, enter the nominee details.
Step 5- Click confirm and continue.
Offline -
Step 1- Visit the bank branch.
Step 2- Take the FD application form.
Step 3- Fill in the required details and submit the necessary documents.
Step 4- Submit the form to the branch.
To invest in RBL Bank Fixed Deposits, the following are eligible-
Senior Residents
Non-Senior Resident Citizens
Documents required for identity proof:
Documents required for Address proof:
Is the nomination facility available on RBL bank FD?
Yes, banks offer nomination facilities to FD investors keeping unforeseen circumstances in mind.
What is the maximum exemption that I can get under tax-saving FDs?
Maximum tax exemption is ₹ 1,50,000/-
Is there any special benefit for senior citizens on FD?
Yes. They can enjoy an additional interest return of 0.5% annually over and above the usual FD interest rate.
Can I apply for a loan against a Fixed Deposit?
Yes, one can avail loan against a fixed deposit and continue to earn interest on it.
Disclaimer: Wint Wealth makes no guarantee or warranty on the accuracy of the data provided on this site, the information displayed is subject to change and are provided on an as-is basis. Nothing contained herein is intended to or shall be deemed to be investment advice, implied or otherwise. You are advised to make your own enquiries, consult a professional advisor and verify the information prior to taking any investment decisions. We accept no liability for any loss arising from the use of information contained on this website.
