Amendment in RBL Bank FD Interest Rates
RBL Bank has revised its interest rates for fixed deposits of less than Rs 2 crore. The revised rates are effective from October 1, 2022. Fixed deposits maturing between 7-24 days fetch an interest rate of 3.25 per cent. The interest rate of FD maturing between 15 days to 45 days is 3.75 percent. According to the bank’s website, an interest rate of 4 percent is available on FDs maturing between 46 days to 90 days.
The interest rate for fixed deposits maturing between 91 days to 180 days is 4.50 per cent. For FDs maturing between 181 days to 240 days, the bank offers an interest rate of 5 per cent. RBL Bank offers an interest rate of 5.25 per cent on fixed deposits with tenors ranging from 241 days to 364 days. The bank offers an interest rate of 6.50 per cent for FDs maturing between 12 months and 15 months.
FDs with tenures ranging from 15 months to less than 725 days offer an interest rate of 7 percent. The bank offers an interest rate of 7.25 percent on FDs maturing in 725 days. Fixed deposits maturing between 726 days to less than 24 months offer an interest rate of 7 percent.
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RBL Bank FDs with tenures ranging from 24 months to less than 36 months offer an interest rate of 6.75 percent. The bank offers an interest rate of 6.55 on fixed deposits with a tenure of 36 months to 60 months 1 day. Fixed deposits with a tenor of 60 months to 2 days 240 months offer an interest rate of 5.75 per cent.
Tax saving fixed deposits with a tenure of 60 months offer an interest rate of 6.55 per cent.
RBL Bank Latest FD Rates (Effective October 1,100) for Amounts Below Rs 2 Crore
Source: Website of RBL Bank
Bank of India revised FD interest rates
Bank of India has revised interest rates for fixed deposits of less than Rs 2 crore. The revised rates will be effective from October 1, 2022.
Bank of India said, “Senior citizens will be paid an additional premium of 25 bps over and above the existing 50 bps on their retail TD (less than Rs 2 crore) for all periods of 3 years and above i.e. 75 bps.”
“The period of deposit should be 6 months and above to avail the additional rate applicable to senior citizens/staff/ex-staff senior citizens. Senior citizens / senior citizens employees / ex-employees should be the first account holders and they should be above 60 years of age at the time of submission,” according to the BOI website.
Latest Bank Of India FD Rates For Amount Below Rs 2 Crore
(Effective October 1,100)
Source: Bank of India Website