Private sector lender RBL Bank lowers interest rates on fixed deposits 2 crores. According to the official website of the bank, the new rates are effective from July 21, 2022. After the adjustments, the bank increased the interest rates on fixed deposits with maturities ranging from 12 to 60 months. After the increase in the interest rate of RBL Bank, the general public will now get the maximum interest rate of 7.00%, while the senior citizens will get the maximum interest rate of 7.50%.
RBL Bank FD Rates
The bank will continue to offer 3.25 per cent interest rate on deposits maturing in 7 to 14 days, while RBL Bank will continue to offer 3.75 per cent interest rate on fixed deposits maturing in 15 to 45 days. Fixed deposits with maturities between 46 and 90 days will continue to pay 4.0% interest rate, while fixed deposits with maturities between 91 and 180 days will continue to pay 4.50% interest rate. On deposits maturing from 181 days to 240 days, RBL Bank will continue to offer an interest rate of 5.00 per cent, and on deposits maturing from 241 days to 364 days, the bank has kept the interest rate constant at 5.25 per cent.
RBL Bank has increased the interest rates on fixed deposits maturing in 12 months from 6.25 per cent to 6.50 per cent, an increase of 25 basis points and on fixed deposits maturing in 15 months from 6.65 per cent to 7.00 per cent. an increase of 35 basis points. The interest rate on deposits maturing in less than 24 months from 15 months and 1 day has increased from 6.25 percent to 6.50 percent, and on fixed deposits maturing in 24 months from 6.50 percent. up to 6.75 percent.
Fixed deposits maturing in 36 months to 60 months and one day will now attract interest at the rate of 6.55 per cent, which was 6.30 per cent earlier. On deposits maturing in 60 months 2 days to 240 months, RBL Bank kept the interest rate constant at 5.75 per cent, but on tax-saving fixed deposits (60 months), the bank increased the interest rate by 25 basis points to 6.30 per cent. Gave. up to 6.55 percent.
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RBL Bank on its website mentions that “Senior Citizens (60 years and above) who are Resident Indians are eligible for an additional interest rate of 0.5% p.a., Senior Citizen Rate Non-Resident Fixed Deposits (NRE/NRO/ FCNR) is not applicable.”
compared to the net loss of 459 crore in the same quarter last year, RBL Bank recorded a net profit of 201 crore for the quarter ended June 2022 (Q1FY23). From 970 cr in Q1FY22, Net Interest Income (NII) up 6% 1,028 crore in Q2FY22.
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