according to
Press release, “RBL Bank is offering highly competitive interest rates on all fixed deposits, especially in 15 months bucket. Under the newly launched product, the bank will be offering an additional interest rate of 0.75% per annum Fixed deposit For Super Senior Citizen i.e. 80 years and above age group. Hence taking the interest rate for 15 months to 7.75% per annum”
For the same tenure (15 months), the bank offers 7 per cent to general public, 7.5 per cent to senior citizens. According to the website, “RBL Bank fixed deposit rate shall be the concessional rate at the rate applicable for monthly interest option.”
senior citizen interest rate
The bank offers interest rates between 3.75 per cent to 7.50 per cent for tenures ranging from 7 days to 10 years.
Super senior citizens of age 80 years and above are eligible for an additional interest rate of 0.75% p.a., while senior citizens of age 60 to less than 80 years are eligible for an additional rate of 0.50% p.a.
Please note that Senior and Very Senior Citizen rates are not applicable for NRE/NRO Non-Resident Fixed Deposits.