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| Tenure | For General Citizen (p.a) | For Senior Citizen (p.a) |
|---|---|---|
| 7 days to 14 days | 3.5 % | 4 % |
| 15 days to 45 days | 4 % | 4.5 % |
| 46 days to 90 days | 4.5 % | 5 % |
| 91 days to 180 days | 4.75 % | 5.25 % |
| 181 days to 240 days | 5.5 % | 6 % |
| 241 days to 364 days | 6.05 % | 6.55 % |
| 365 to 452 days (12 months to less than 15 months) | 7 % | 7.5 % |
 453 days to less than 24 months (15 months to less than 24 months) | 7.8 % | 8.3 % |
| 24 months to less than 36 months | 7.5 % | 8 % |
| 36 months to 60 months 1 day | 7.1 % | 7.6 % |
| 60 months 2 days to 240 months | 7 % | 7.5 % |
| Tax Savings Fixed Deposit (60 months) | 7.1 % | 7.6 % |
Fixed Deposits are one of the safest ways of investing. FD involves investing a lump-sum amount into a bank at a fixed interest rate and for a fixed period. At the maturity of the period, you earn the principal amount along with the compound interest on it. An FD can be as short as 7 days and as long as 20 years. Based on your investment period, the interest rate is accrued.
Fixed Deposit comes with the following features:
RBL gives a wide range of fixed deposits. And the best-fixed deposit interest rate on your FD investment. Types of FDs offered by RBL bank are:
To invest in RBL Bank Fixed Deposits, the following are eligible-
Depositors have to submit their identity and address proof to open an FD online and offline:
Documents required for identity proof:
Documents required for identity proof:
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 way-
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 amount of the deposit and select the tenure of FD. Also, enter the nominee details.
Step 5- Click confirm and continue.
Offline way-
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.
When it comes to withdrawing your Fixed Deposit, you have the option of doing so either online or offline.
For online FD withdrawal:
For offline FD withdrawal:
As per the bank's fixed deposit account terms and conditions, if a deposit is withdrawn prematurely, the interest will be calculated at the applicable rate for the actual period for which the deposit remained with the bank, subject to a penalty of 1%.
To determine the impact of this penalty fee, you can use the FD Premature Withdrawal Penalty Calculator.
This calculator allows you to estimate the amount of your Fixed Deposit that will be affected by the penalty fee in the event of an early withdrawal. By factoring in the penalty fee, you can determine the net amount that you will receive upon withdrawal.
Yes, banks offer nomination facilities to FD investors keeping unforeseen circumstances in mind.
Maximum tax exemption is ₹ 1,50,000/-
Yes. They can enjoy an additional interest return of 0.5% per annum over and above the usual FD interest rate.
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.
