Fixed Deposit Details
Bank Name
RBL Bank
Eligibility
Age: You don't need to meet a specific minimum age requirement. RBL Bank Regular Fixed Deposits are open to individuals of all ages.
Residency: The deposit is available for resident individuals only (Non-Resident Indians - NRE/NRO accounts are not eligible).
Interest Rate
3.25% - 7.55%
Tenure
7 days to 10 years
Fixed Deposit Type
Regular
REGULAR FIXED DEPOSITS
Tax Benefits
No
Credit Ratings
Fixed Deposits Programme ICRA AA- (Stable) , Short term fixed deposit programme ICRA A1+
Interest Payment Frequency
Monthly, quarterly or keep it invested till maturity.Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
Cummulative/Non-Cummulative
Cumulative
Features
Easy investment with attractive returns Convenience of booking deposit through internet banking for RBL Bank account holders Choose to receive interest monthly, quarterly or keep it invested till maturity Booking period – 7 days to 20 years Nomination facility is available Partial/Pre-mature withdrawal of term deposit is permitted Avail overdraft facility against term deposit Can be booked through Online channels (Net Banking and Mobile Banking)
Minimum Investment Amount
INR 1000
Features & Benefits
Pros
Attractive Interest Rates
Flexible Tenure
Easy to Open
Cons
Early Withdrawal Penalty
Tax on Interest
Pros & Cons
Account Opening Procedure
How to Open?
Visit an RBL Bank Branch: This is the traditional method.
Locate your nearest RBL Bank branch. You can find a branch locator on the bank's website: https://www.rblbank.com/locate-us
Carry the required documents:Identity proof (Aadhaar card, PAN card)
Address proof (utility bill, bank statement)
Recent passport-sized photograph
Inform the bank representative that you want to open a Regular Fixed Deposit.
Fill out the application form provided by the bank.
Choose your deposit amount (minimum Rs. 500).
Select your preferred tenure (ranging from 7 days to 10 years).
Decide on your interest payout option (monthly, quarterly, or annually). Interest can be credited to your savings account or compounded (interest earned adds to the principal amount).
Discuss any questions you may have with the bank representative.
Once everything is finalized, submit the form, documents, and your initial deposit amount. You will receive a Fixed Deposit Receipt (FDR) as confirmation.
Open an Online Fixed Deposit (FD) through RBL Bank Net Banking (if you're an existing customer):
Visit the RBL Bank Net Banking website: https://www.rblbank.com/
Log in using your customer ID and password.
Look for the "Term Deposits" or "Open Fixed Deposit" section.
Choose "Regular Fixed Deposit" from the available deposit options.
Select your preferred tenure and deposit amount.
Choose your interest payout option.
Confirm the details and complete the online application.
Application Procedure
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.
Add a Title
Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.