• Recurring Deposit
  • Rbl Bank RD Interest Rates
Rbl Bank RD Interest Rates

Rbl Bank RD Interest Rates

bank

RBL Bank RD Interest Rates Oct 2024

TenureNormal Citizen RD RateSenior Citizen RD Rate
3 Months to 6 Months4.75%5.25%
6 Months to 9 Months5.50%6.00%
9 Months to 1 Year6.05%6.55%
1 Year to 2 Years7.00%7.50%
2 Years to 3 Years7.50%8.00%
3 Years to 5 Years7.10%7.60%
5 Years to 10 Years7.00%7.50%

Note: All interest rates shown above are as on 1st November 2023

RBL Bank RD Scheme Details

Tenure
3 Months to 10 Years
Public Interest Rates
4.75% to 7.50%
Senior Citizen Interest Rates
5.25% to 8.00%
Minimum Deposit Amount
Rs. 1000
Premature Withdrawal
1% of deposit
Highest Rates for Public
7.50%
Highest Rates for Senior Citizen
8.00%

RBL Bank Returns Based on Investment Amount

Investment AmountFor 3 years with interest of 7.10%For 5 years with interest of 7.00%
₹ 50,000₹ 1,51,772₹ 2,54,384
₹ 1 lakh₹ 3,03,543₹ 5,08,767
₹ 2 lakh₹ 6,07,086₹ 10,17,534
₹ 5 lakh₹ 15,17,715₹ 25,43,835
₹ 10 lakh₹ 30,35,431₹ 50,87,670

Compare RBL Bank vs Punjab National Bank Recurring Deposit

vs
Punjab National Bank
RBL Bank
RBL Bank
Maturity Amount₹ 3,03,543₹ 3,02,621
Total Investment Amount₹ 3,00,000₹ 3,00,000
Total Interest Gained₹3,543₹ 2,621

Compare RD Interest Rates of Other Banks

Bank NameRD Interest Rates
bank-0
Punjab National Bank		4.40% to 6.50%
bank-1
City Union Bank		5.75% to 6.50%
bank-2
BOI Bank		4.50% to 6.50%
bank-3
Canara Bank		5.25% to 6.90%
bank-4
Indian Bank		3.50% to 6.70%
bank-5
BOB Bank		4.50% to 7.05%
bank-6
Central Bank of India		4.50% to 6.75%
bank-7
Karur Vysya Bank		6.00% to 7.00%
bank-8
Union Bank of India		4.30% to 6.70%
bank-9
Tamilnad Mercantile Bank		5.75% to 7.00%
bank-10
Karnataka Bank		5.25% to 7.00%
bank-11
Dhanlaxmi Bank		6.50% to 6.75%
bank-12
South Indian Bank		4.50% to 6.50%
bank-13
Federal Bank		5.00% to 7.30%
bank-14
Bank of Maharashtra		4.50% to 6.00%
bank-15
Indian Overseas Bank		4.50% to 6.80%
bank-16
UCO Bank		4.50% to 6.50%
bank-17
State Bank of India		4.50% to 7.00%
bank-18
IDBI Bank		4.50% to 6.80%
bank-19
Axis Bank		4.75% to 7.10%
bank-20
HDFC Bank		4.50% to 7.10%
bank-21
ICICI Bank		4.75% to 7.00%
bank-22
Indusind Bank		4.75% to 7.50%
bank-23
Kotak Mahindra Bank		4.00% to 7.10%
bank-24
Yes Bank		5.00% to 7.75%
bank-25
Bandhan Bank		4.50% to 7.25%
bank-26
IDFC First Bank		5.00% to 7.50%
bank-27
Equitas Small Finance Bank		7.25% to 8.20%
bank-28
Capital Small Finance Bank		4.75% to 7.15%
bank-29
Ujjivan Small Finance Bank		4.75% to 7.50%
bank-30
Fincare Small Finance Bank		5.75% to 8.25%
bank-31
ESAF Small Finance Bank		5.25% to 8.50%
bank-32
North East Small Finance Bank		4.00% to 7.50%
bank-33
Suryoday Small Finance Bank		5.00% to 8.50%
bank-34
Utkarsh Small Finance Bank		6.50% to 8.00%
bank-35
Jana Small Finance Bank		4.00% to 8.50%
bank-36
DBS Bank		3.00% to 7.50%
bank-37
Post Office		6.90% to 7.50%

Frequently Asked Questions

What is the current interest rate of RD in RBL Bank?

The current highest RBL Bank RD rates for general citizen range from 4.75% to 7.50% and for senior citizen it ranges from 5.25% to 8.00% today 2024-10-22

How to open rd account in RBL Bank?

RBL Bank RD account can be opened with a minimum deposit of Rs. 1000 with tenure ranging 3 Months to 10 Years. RBL Bank recurring deposit account can be opened online or by visiting RBL Bank branches with any ID proof like PAN card, Aadhar card, voter ID, or driving licence etc.

How to close rd in RBL Bank?

You can close your RD a/c online through "Close A/c" tab or by visiting the branch, this may cost you a penalty. The current premature closer penalty in RBL Bank RD is 1% of deposit.

How to calculate maturity and interest in RBL Bank recurring deposit ?

The maturity amount in RBL Bank recurring deposit account can be calculated by using A = P x(1 + R / N) ^ (NT) formula.
Where:
A: Maturity Amount
P: Recurring Deposit Amount
N: Number of times the interest is compounded
R: annual interest rate
T: Tenure
Example:
If you open recurring deposit account at the RBL Bank for 5 years and planed to invest INR 50,000.The current RBL Bank RD interest rate for 5 year is 7.00%.So using the above formula the maturity amount will be - Rs. 35,96,640.

What is RBL Bank RD interest rates for 1 year in 2024 ?

The RBL Bank recurring deposit for 12 months or 1 year is 7.50% for senior citizen and 7.00% for others.

Calculate RBL Bank Returns

36
3.2 %

₹1,00,000

Total Investment

0

Wealth Gained

₹0

Maturity Amount

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