RBL Bank, one of the leading private sector lenders, has increased its interest rates on savings accounts. According to the official website of the bank, the new rates are applicable on domestic savings accounts including NRE/NRO savings and will be effective from March 1, 2023. 75 bps as a result of the revision.
rbl bank savings account interest rates
The bank will continue to offer an interest rate of 4.25% on savings accounts with a daily balance of Rs. 1 lakh, and RBL Bank will continue to offer an interest rate of 5.50% on savings accounts with daily balance above Rs. 1 lakh and up to Rs. 10 lakhs. For savings accounts with daily balance above Rs. 10 lakh and up to Rs. 25 lakh, RBL Bank will continue to offer an interest rate of 6.00%, but it has increased the rate by 50 basis points from 6.50% to 7% on accounts with daily balance above Rs. 25 lakhs and up to Rs. 7.5 crores.
On savings account with daily balance above Rs. 7.5 crores up to Rs. 25 crore, the bank has increased the interest rate by 75 bps from 6.25% to 7.00% on savings account with daily balance above Rs. 25 crores up to Rs. 50 crore RBL Bank will continue to offer an interest rate of 6.25%. RBL Bank will continue to offer an interest rate of 5.25% on savings account with daily balance above Rs. 50 crores up to Rs. 100 crore and the bank will continue to offer an interest rate of 6.00% on savings account with daily balance above Rs. 100 crores up to Rs. 200 crores.
On savings account with daily balance above Rs. 200 crores up to Rs. 400 crores and above Rs. 400 crore, RBL Bank will continue to offer an interest rate of 4.00% and 5.25%, respectively.
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RBL Bank will pay interest on the savings bank balance on quarterly basis which is determined on the basis of daily product. Up to Rs. A balance of Rs 1 lakh in a savings account earns an interest of 4.25% per annum. Interest will be paid on the balance exceeding Rs. 1 lakh based on the balance limit given below, which includes the daily amount on that day.
With the flexibility to save and earn a good interest rate, RBL Bank savings accounts offer exceptional features and benefits including debit card, free check book, internet banking and more. RBL Bank Savings Account offers a host of benefits including high interest rate, digital opening of account, virtual debit card for online bill payments and shopping, 24/7 fund transfer via UPI, NEFT, IMPS and RTGS. Penalty for non-maintenance of minimum balance, and many more. Minimum Rs. You can make a SIP or Recurring Deposit for Rs. 2,000 Applicable only on Digital Savings Accounts – Prime or RBL Bank Savings Account. Give a missed call to 9355 71 9355 to initiate the account opening process.
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