RBL Bank has updated its fixed deposit (FD) interest rates for amounts below ₹3 crore, effective December 15, 2024. As per the bank’s website, the revised rates now range between 3.50% and 8% for general citizens, while senior citizens and super senior citizens enjoy higher returns of 8.50% and 8.75%, respectively.

The bank offers its highest interest rate of 8% on FDs maturing in 500 days.

For senior citizens, the same tenure fetches a higher rate of 8.50%.

Latest RBL Bank FD interest rates

Period of Deposit	Domestic & Flexi FD Interest Rates (p.a.)
7 days to 14 days	3.50%
15 days to 45 days	4.00%
46 days to 90 days	4.50%
91 days to 180 days	4.75%
181 days to 240 days	5.50%
241 days to 364 days	6.05%
365 days to 452 days (12 months to <15 months)	7.50%
453 days to 499 days (15 months to <16.5 months)	7.80%
500 days (Highest)	8.00%
501 days to 545 days (16.5 months to <18 months)	7.80%
546 days to 24 months (18 months to 24 months)	7.80%
24 months 1 day to 36 months	7.50%
36 months 1 day to 60 months 1 day	7.10%
60 months 2 days to 120 months	7.00%
Tax Savings Fixed Deposits (60 months)	7.10%

(Source: RBL Bank)

Fixed Deposits (FDs) are investment products where individuals park their funds for a fixed tenure to earn assured interest. They are a preferred option for risk-averse investors due to guaranteed returns.

Earlier this month, Karnataka Bank also revised its fixed deposit (FD) interest rates

on callable and non-callable deposits.

Highlights of the Karnataka Bank’s revised rates

General citizens

Interest range: 3.5% to 7.50% per annum for tenures from 7 days to 10 years.

Peak rate: 7.50% for 375-day deposits.

Senior citizens

Additional benefit: Senior citizens receive 0.50% higher rates on domestic fixed deposits (excluding NRE/NRO accounts).

Peak rate: 8.00% for 375-day deposits.