RBL Fixed Deposit Interest Rates February 2024
Deposit Scheme Interest Rates of Ratnakar Bank
Attention of customers/public is invited on the changes in interest rates Fixed Deposits.
Interest Rate on Domestic, NRO, NRE & Flexi Fixed Deposits.
| Deposits below Rs.2 crore | ||||
|---|---|---|---|---|
| Period of Deposit | Domestic & Flexi FD Interest Rates p.a. | Senior Citizen Interest Rates p.a. | NRE Interest Rates p.a. | NRO Interest Rates p.a. |
| 7 days to 14 days | 3.25% | 3.75% | NA | 3.25% |
| 15 days to 45 days | 3.75% | 4.25% | NA | 3.75% |
| 46 days to 90 days | 4.00% | 4.50% | NA | 4.00% |
| 91 days to 180 days | 4.50% | 5.00% | NA | 4.50% |
| 181 days to 240 days | 5.00% | 5.50% | NA | 5.00% |
| 241 days to 364 days | 5.25% | 5.75% | NA | 5.25% |
| 12 months to less than 15 months | 6.50% | 7.00% | 6.85% | 6.50% |
| 15 months | 7.00% | 7.50% | 7.35% | 7.00% |
| 15 months 1 day to less than 24 months | 6.50% | 7.00% | 6.85% | 6.50% |
| 24 months to less than 36 months | 6.75% | 7.25% | 7.10% | 6.75% |
| 36 months to less than 60 months | 6.55% | 7.05% | 6.90% | 6.55% |
| 60 months to 60 months 1 day | 6.55% | 7.05% | 6.90% | 6.55% |
| 60 months 2 days to less than 120 months | 5.75% | 6.25% | 5.75% | 5.75% |
| 120 months to 240 months | 5.75% | 6.25% | 5.75% | 5.75% |
| Tax Savings Fixed Deposit (60 months) | 6.55% | 7.05% | NA | 6.55% |
Flexi Fix Deposits (FFD) products:
Rate of Interest on Tax Saving Scheme will be as under-
|
No. |
Period | Regular |
Senior Citizen |
|
1 |
60 Months | 7.35% |
7.85% |
Rate of Interest on Non-Resident External (Rupee) Deposits will be as under-
|
S. No |
Period of Deposit | Less Than 1 Cr. | Rs.1 Cr – 3 Cr |
|
1 |
12 Months < 24 Months | 7.40 | 7.40 |
|
2 |
24 months < 36 months | 7.45 | 7.45 |
|
3 |
36 Months < 60 Months | 7.20 | 7.20 |
|
4 |
60Months < 120 Months | 7.35 | 7.35 |
|
5 |
120 Months to 240 Months | 6.85 | 6.60 |
Benefit of higher interest rates for Senior citizen deposits (as applicable to domestic deposits) will not be available to NRE deposits.
Note:
- Senior citizens are entitled to get 0.50% extra for all buckets.
- *effective yield for highest period in the bucket
- On premature withdrawal of the deposit, interest shall be paid at the rate that was applicable on the date the deposit was placed and only for the period for which the deposit is maintained with the Bank or the rate that was offered for the original contracted maturity, whichever is lower, subject to 1% penalty.For deposits above Rs. 5 crore please contact concerned branch staff
- Payment of interest on monthly interval will be at discounted rate.
