Savings account interest rate in RBL Bank: Recently RBL Bank increased its interest rates on savings accounts. The bank offers savings accounts with daily balances ranging from over Rs 75 crore to Rs 125 crore, offering a maximum interest rate of 7.75%, as per the recent amendment.
Furthermore, as per RBL Bank‘s latest update on interest rates, the banks offers different interest rates based on account balances. For example, for balances up to INR 1 lakh, RBL Bank is offering an interest rate of 4.25%.
Meanwhile, for balances exceeding INR 10 lakh but less than INR 25 lakh, RBL Bank is offering an interest rate of 6.00%.
For balances ranging from above INR 75 Crore to INR 100 Crore, and INR 100 Crore to INR 125 Crore, RBL Bank is offering an interest rate of 7.75%.
RBL Bank Daily Balance and Rate of Interest (p.a.) Effective from May 24, 2024:
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| Daily balance | Rate of interest |
| Upto INR 1 lakh | 4.25% |
| Above INR 1 lakh upto INR 10 lakh* | 5.5% |
| Above INR 10 lakh upto INR 25 lakh* | 6% |
| Above INR 25 lakh and upto INR 2 Crore* | 7.5% |
| Above INR 2 Crore and upto INR 3 Crore* | 7% |
| Above INR 3 Crore upto INR 7.5 Crore* | 6.50% |
| Above INR 7.5 Crore upto INR 25 Crore* | 6.25% |
| Above INR 25 Crore upto INR 50 Crore* | 6.25% |
| Above INR 50 Crore upto INR 75 Crore* | 5.25% |
| Above INR 75 Crore upto INR 100 Crore* | 7.75% |
| Above INR 100 Crore upto INR 125 Crore* | 7.75% |
| Above INR 125 Crore upto INR 200 Crore* | 6% |
| Above INR 200 Crore upto INR 400 Crore* | 4% |
| Above INR 400 Crore* | 6.75% |
Apart from this, the bank also revised its interest rates for fixed deposits earlier in May, offering interest rates up to 8% for deposits below Rs 2 crore.
