RBL Fixed Deposit Interest Rates July 2019

Deposit Scheme Interest Rates of Ratnakar Bank

Attention of customers/public is invited on the changes in interest rates Fixed Deposits.5.75

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

 

Deposits between Rs.1 crore to 3 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

7.25

7.75

181 days to 240 days

7.25

7.75

241 days to 364 days

7.50

8.00

12 months to less than 24 Months

8.00

8.510

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

7.10

120 months to 240 months

6.95

7.45

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 7.45%

7.98%

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 7.35 7.60

2

24 months < 36 months 7.35 7.35

3

36 Months < 60 Months 7.25 7.10

4

60Months < 120 Months 7.25 7.10

5

120 Months to 240 Months 7.20 6.95

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.

Other Available Products of Ratnakar Bank

Ratnakar Bank Home Loan

Ratnakar Bank Credit Card

Ratnakar Bank Car Loan