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 March 2020.
Table of Content
About Ratnakar Bank:
RBL Bank is one of India’s fastest growing scheduled commercial banks. 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 April 2020.
| 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 |
5.50 |
6.00 |
|
46 days to 90 days |
6.15 |
6.65 |
|
91 days to 180 days |
6.40 |
6.90 |
|
181 days to 240 days |
6.65 |
7.15 |
|
241 days to 364 days |
6.65 |
7.15 |
|
12 months to less than 24 Months |
7.20 |
7.70 |
|
24 months to less than 36 months |
7.25 |
7.75 |
|
36 months to less than 60 months |
7.00 |
7.50 |
|
60 months to less than 120 months |
7.15 |
7.65 |
| 120 months to 240 months | 6.65 |
7.15 |
Tax Savings Fixed Deposit (60 months)
|
No. |
Period | Regular |
Senior Citizen |
|
1 |
60 Months | 7.15% |
7.65% |
FD Interest Rates & Calculator
- Get Central Bank of India Fixed Deposit Interest Rates – Calculator
- Compare Axis Bank Fixed Deposit Interest Rates Calculator
- Check PNB Fixed Deposit Interest Rates Calculator
- Details About Vijaya Bank Fixed Deposit Interest Rates Calculator
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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