Ratnakar Bank FD Rates: Check Latest updated FD Interest Rates, RD Interest Rates, Single Term Deposit Rates for General, NRI & Senior Citizens Online. Content updated on September
2019
About Ratnakar Bank:
RBL Bank is one of India’s fastest growing scheduled commercial banks. As of May 2015, RBL Bank has grown to a network of 183 branches and 351 ATMs across 13 Indian states. The Ratnakar Bank currently have more than 14,00,000 customers and has a total business size of over Rs. 31,000 Crores.
Ratnakar Bank offers Fixed Deposit Schemes Under Various Schemes:
- Regular Fixed Deposit
- Tax Savings Fixed Deposit
- Senior Citizen Fixed Deposit
- Recurring Fixed Deposit
- Flexi-sure Fixed Deposit
Deposit Scheme Interest Rates of Ratnakar Bank
Attention of customers/public is invited on the changes in interest rates Fixed Deposits. New Rates are effective from October 2019.
Deposits less than Rs.1 crore | |||
| Period of Deposit | ROI For General Public (% p.a) | ROI For Senior Citizens (% p.a) | |
7 days to 14 days | 5.00 | 5.50 | |
15 days to 45 days | 6.00 | 6.50 | |
46 days to 90 days | 7.00 | 7.50 | |
91 days to 180 days | 7.15 | 7.65 | |
181 days to 240 days | 7.25 | 7.75 | |
241 days to 364 days | 7.35 | 7.85 | |
12 months to less than 24 Months | 8.00 | 8.50 | |
24 months to less than 36 months | 8.05 | 8.55 | |
36 months to less than 60 months | 7.60 | 8.10 | |
60 months to less than 120 months | 7.60 | 8.10 | |
| 120 months to 240 months | 7.20 | 7.70 | |
Daily Balance | Rate of Interest from September 2019 |
Up to Rs 1 lakh | 5.50% |
1 Lac to 10 Lakh | 6.00% |
Above 10 Lacs | 6.50% |
Flexi Fix Deposits (FFD) products:
Rate of Interest on Ratna Tax Saving Scheme will be as under-
No. | Period | Regular | Senior Citizen |
1 | 60 Months to 120 Months | 7.10% | 7.60% |
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 |
| 7 days to 14 days | 5.00 | 5.00 | |
2 | 15 days to 45 days | 6.00 | 6.00 |
3 | 46 days to 90 days | 7.00 | 7.00 |
4 | 91 days to 180 days | 7.15 | 7.25 |
5 | 181 days to 240 days | 7.25 | 7.25 |
Benefit of higher interest rates for Senior citizen deposits (as applicable to domestic deposits) will not be available to NRE deposits.
FD Interest Rates & Calculator
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Example
Ratnakar bank offers an interest rate of 8.50% for general and 9.00% for senior citizen for a time period of 24 months to 36 months. If a person deposits an amount of Rs 4,00,000 for a tenure of 2 years than his/her interest gained from the amount with be upto Rs 473278.25 i.e. the interest earned is Rs. 73,278.25 for a regular account holder. Below a table is mentioned to analyse the interest earned for different time period for both general and senior citizen considering a rough amount of Rs 3,40,768.
| Time period | ROI% (general) | Maturity value | Interest earned | ROI% (senior citizen) | Maturity value | Interest earned |
| 91 days-180 days | 7.25% | 3,46,927.35 | 6,159.35 | 7.75% | 3,47,352.12 | 6,584.12 |
| 181days-240days | 7.89% | 3,54,230.12 | 13,462.12 | 8.40% | 3,55,109.20 | 14,341.20 |
| 241 days-364days | 8.51% | 3,60,251.30 | 19,483.30 | 9.03% | 3,61,463.69 | 20,695.69 |
| 12 months-24months | 8.77% | 3,71,650.65 | 30,882.65 | 9.31% | 3,73,618.40 | 32,850.40 |
| 24 months-36 months | 9.31% | 4,09,635.62 | 68,867.62 | 9.84% | 4,13,898.28 | 73,130.28 |
| 36 months-60 months | 9.04% | 4,45,582.64 | 1,04,814.64 | 9.58% | 4,52,693.03 | 1,11,925.03 |
| 60 months-120 months | 9.04% | 5,32,812.71 | 1,92,044.71 | 9.58% | 5,47,058.55 | 2,06,290.55 |
| 120 months-240 months | 8.77% | 8,11,371.51 | 4,70,603.51 | 9.31% | 8,55,368.71 | 5,14,600.71 |
The Ratnakar Bank Ltd, Corporate Office
RBL Bank Ltd.
One Indiabulls Centre, Tower 2B , 6th Floor,
841, Senapati Bapat Marg, Lower Parel (W),
Mumbai 400013. India.
Call us at: 022 43020600
Fax: 022 43020520
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