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HomePersonal FinanceFD Rates Increased: Big news! This Bank hikes fixed deposit rates, know...

FD Rates Increased: Big news! This Bank hikes fixed deposit rates, know about the latest rate

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RBL Bank has released the results of the first quarter of the financial year 2022-2023. The bank has earned a profit (Q1FY22) of about Rs 201 crore in the first quarter that ended on June 2022.



RBL Bank FD Rates: Many big banks in the country have increased their Fixed Deposit Rates in the recent past. Now the name of another bank has been included in this list. The name of this bank is RBL Bank. RBL Bank has decided to increase the rate of interest (RBL FD Rates) on FDs below Rs 2 crore. This new rate has come into effect from July 21, 2022.

The bank has decided to increase the interest rate on FDs from 12 months to 60 months. In such a situation, the bank offers its customers an interest rate of 3.25% to 6.55% on FDs of 7 days to 20 years. If you are also planning to invest in the FD scheme of RBL Bank, then know about the interest rates offered by the bank-

Interest rate available on FD of 2 crores-

  • 7 to 14 days-3.25%
  • 15 to 45 days-3.75%
  • 46 to 90 days-4.00%
  • 91 to 180 days-4.50%
  • 181 to 240 days-5.00%
  • 241 to 364 days – 5.25%
  • 12 months to 15 months -6.50%
  • 15 months-7.00%
  • 15 months to 24 months -6.50%
  • 24 months to 36 months – 6.75%
  • 36 months to 60 months -6.55%
  • 60 to 120 months – 5.75%
  • 120 to 240 months – 5.75%
  • Tax Saving FD Scheme-6.55%

Senior citizens get more interest- 

According to the information published in the official website of the bank, the bank offers about 0.50% more interest rate to the senior citizens than the common citizens, but this higher interest rate is given to the Non Resident Fixed Deposit Scheme. ) does not apply to the scheme.

Bank released the first quarter results-

Recently RBL Bank has released the first quarter results of the financial year 2022-2023. The bank has earned a profit (Q1FY22) of about Rs 201 crore in the first quarter that ended on June 2022. The bank had a loss of about Rs 459 crore in the last quarter. The bank has earned Rs 1,028 crore by way of interest this year as compared to last year. This is 6 percent more than last year.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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