The RBL Bank Limited was formerly known as Ratnakar Bank Limited. It is a scheduled commercial bank with headquarters based in Kolhapur, Maharashtra. RBL was founded in 1943 and that makes it one of the oldest private sector banks in the country.

The current holdings of RBL amount to over INR 20,000 crore. RBL services five critical verticals – Commercial Banking, Corporate & Institutional Banking, Agri & Development Banking, Financial Markets, and Retail Banking. Some of the investors in RBL are Norwest Venture Partners India, World Bank Body, Emerging India Fund and many more.

RBL offers various fixed deposit schemes depending on the amount invested. The interest rates are highly competitive and senior citizen benefits are also the best in the industry.

rbl bank interest rates

RBL also services the Non-Resident sector with tenors ranging from 12 months to 240 months. The Ratna Tax Saving scheme also provides lucrative interest rates for up to 120 months. Additional .50% interest rate is applicable to senior citizens for domestic deposits, but not applicable in case of NRE and NRO deposits.

RBL Bank Saving account deposit rates:

Balance Rate of Interest

(% p.a)

Upto 1 Lakh5.5%
1 Lakh to 10 Lakh6.0%
10 Lakh – 50 Lakh6.5%
50 Lakh – 5 Crore7.1%

RBL Bank Fixed deposit interest rates 2017 (Domestic, NRE & NRO Deposits):

Maturity periodInterest rate below 1 crore

(% p.a.)

Interest Rate 1-3 crore

(% p.a.)

Interest rate 3-5 crore

(% p.a.)

 7 Days to 14 Days 5.00% 5.75% Contact Branch
 15 Days to 45 Days 5.25% 5.75% “
 45 Days to 90 Days 6.75% 6.50% “
 90 Days to 180 Days 7.00% 6.75% “
 180 Days to 240 Days 7.15% 7.05% “
 240 Days to 364 Days 7.50% 7.35% “
 12 Months to 24 Months 7.75% 7.35% “
 24 Months to 36 Months 7.85% 7.35% “
 36 Months to 60 Months 7.70% 7.25% “
 60 Months to 120 Months 7.70% 7.25% “
 120 Months to 240 Months 7.70% 7.25% “

RBL Bank Interest rate on NRE deposit 2017:

Maturity periodDeposit below 1 croreFor deposit 1-3 croreFor deposit 3-5 crore
 12 Months to 24 Months 7.75% 7.35% Contact Branch
 24 Months to 36 Months 7.85% 7.35% “
 36 Months to 60 Months 7.70% 7.35% “
 60 Months to 120 Months 7.70% 7.25% “
 120 Months to 240 Months 7.70% 7.25% “

Ratna Tax saver Deposit:

 PeriodNormal Senior citizens
 60 Months to 120 Months 7.70% 9.00

Table Updated: 29 June, 2016

Important Notes:

  • You need to contact branch for fixed depositing amount above 3 Crores.
  • Maturity period for NRE deposit is 1 Year and no interest will be paid for withdrawing money before one year.
  • Senior citizens will get additional .50% interest benefits, not applicable in case of NRE and NRO deposits.

Important Notes:

Source: http://www.rblbank.com/pdfs/Checkout/RevisionInterestRates-Circular.pdf

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