look news india
Bank FD Rates: RBL Bank is included in the list of major private sector banks. This bank has revised the interest rates of fixed deposits. The new rates have become effective from July 29. According to the official website of the bank, ordinary citizens are getting annual interest ranging from 3.50% to 8.10% on FDs of 7 days to 10 years. While for senior citizens the minimum interest is 4% and the maximum is 8.60%.
More than 8% return is being received on these two periods
The bank is giving the highest return on 500 days FD. The interest rate is 8.10% for general citizens and 8.60% for senior citizens. Apart from this, general citizens are also getting 8% interest on the period of 18 months to 24 months. Senior citizens are getting 8.50% interest annually on the same period.
How much return will you get on one year's investment?
The bank is giving 6.05% interest to ordinary citizens on FDs with a duration of 241 days to 364 days. The interest rate for senior citizens is 6.55%. For a duration of 1 year to less than 15 months, the interest rate for ordinary citizens is 7.5% and senior citizens are getting 8% return.
New rates for other periods
On 5-year tax saving FDs, the bank is giving 7.10% interest to common citizens and 7.60% interest to senior citizens. On deposits of 501 days to 545 days, the bank is giving 7.80% return to common citizens and 8.30% return to senior citizens. On FDs of 453 days to 499 days, the bank is giving 7.80% interest to common citizens and 8.30% interest to senior citizens.