RBL Bank FD Calculator
Enter your details to calculate
₹
%
yrs
Total value of investment
₹1,38,042
Invested amount
₹1,00,000
Estimated returns
₹38,042
RBL Domestic Fixed Deposit Rates: Below Rs.2 crore - General Citizens
| Period of Deposit | Interest Rates p.a. |
| 7 days to 14 days | 3.25% |
| 15 days to 45 days | 3.75% |
| 46 days to 90 days | 4.00% |
| 91 days to 180 days | 4.50% |
| 181 days to 240 days | 5.00% |
| 241 days to 364 days | 5.25% |
| 12 months to less than 15 months | 6.25% |
| 15 months | 6.65% |
| 15 months 1 day to less than 24 months | 6.25% |
| 24 months to less than 36 months | 6.50% |
| 36 months to less than 60 months | 6.30% |
| 60 months to 60 months 1 day | 6.30% |
| 60 months 2 days to less than 120 months | 5.75% |
| 120 months to 240 months | 5.75% |
| Tax Savings Fixed Deposit (60 months) | 6.30% |
Note: The FD interest rates are effective as of 21 July 2022
RBL Domestic Fixed Deposit Rates: Below Rs.2 crore - Senior Citizens
| Period of Deposit | Senior Citizen Interest Rates p.a. |
| 7 days to 14 days | 3.75% |
| 15 days to 45 days | 4.25% |
| 46 days to 90 days | 4.50% |
| 91 days to 180 days | 5.00% |
| 181 days to 240 days | 5.50% |
| 241 days to 364 days | 5.75% |
| 12 months to less than 15 months | 6.75% |
| 15 months | 7.15% |
| 15 months 1 day to less than 24 months | 6.75% |
| 24 months to less than 36 months | 7.00% |
| 36 months to less than 60 months | 6.80% |
| 60 months to 60 months 1 day | 6.80% |
| 60 months 2 days to less than 120 months | 6.25% |
| 120 months to 240 months | 6.25% |
| Tax Savings Fixed Deposit (60 months) | 6.80% |
Note: The FD interest rates are effective as of 21 July 2022
RBL Domestic Fixed Deposit Rates: Below Rs.2 crore - General Citizens
| Tenure | Regular Citizens |
| 60 months | 6.55 |
RBL Domestic Fixed Deposit Rates: Below Rs.2 crore - Senior Citizens
| Tenure | Senior Citizens |
| 60 months | 7.05 |
FD Rates on NRE Deposits of below Rs 2 crore
| Tenure | Interest Rates (% p.a.) |
| 12 months to less than 15 months | 6.85 |
| 15 months | 7.35 |
| 15 months 1 day to less than 24 months | 6.85 |
| 24 months to less than 36 months | 7.1 |
| 36 months to less than 60 months | 6.9 |
| 60 months to 60 months 1 day | 6.9 |
| 60 months 2 days to less than 120 months | 5.75 |
| 120 months to 240 months | 5.75 |
Note: The FD interest rates are effective as of 21 July 2022
RBL NRO Fixed Deposit Rates: Below Rs.2 crore - General Public
| Period of Deposit | Interest Rates p.a. |
| 7 days to 14 days | 3.25% |
| 15 days to 45 days | 3.75% |
| 46 days to 90 days | 4.00% |
| 91 days to 180 days | 4.50% |
| 181 days to 240 days | 5.00% |
| 241 days to 364 days | 5.25% |
| 12 months to less than 15 months | 6.25% |
| 15 months | 6.65% |
| 15 months 1 day to less than 24 months | 6.25% |
| 24 months to less than 36 months | 6.50% |
| 36 months to less than 60 months | 6.30% |
| 60 months to 60 months 1 day | 6.30% |
| 60 months 2 days to less than 120 months | 5.75% |
| 120 months to 240 months | 5.75% |
| Tax Savings Fixed Deposit (60 months) | 6.30% |
Note: The FD interest rates are effective as of 21 June 2022
RBL NRO Fixed Deposit Rates: Below Rs.2 crore - Senior Citizens
| Period of Deposit | Senior Citizen Interest Rates p.a. |
| 7 days to 14 days | 3.75% |
| 15 days to 45 days | 4.25% |
| 46 days to 90 days | 4.50% |
| 91 days to 180 days | 5.00% |
| 181 days to 240 days | 5.50% |
| 241 days to 364 days | 5.75% |
| 12 months to less than 15 months | 6.75% |
| 15 months | 7.15% |
| 15 months 1 day to less than 24 months | 6.75% |
| 24 months to less than 36 months | 7.00% |
| 36 months to less than 60 months | 6.80% |
| 60 months to 60 months 1 day | 6.80% |
| 60 months 2 days to less than 120 months | 6.25% |
| 120 months to 240 months | 6.25% |
| Tax Savings Fixed Deposit (60 months) | 6.80% |
Note: The FD interest rates are effective as of 21 June 2022
Interest Rates on FCNR(B) deposits
| Tenure | USD | GBP | EUR | AUD | SGD | JPY | CAD | CHF |
| 1 year and above but less than 2 years | 4.15 | 2.8 | 0.75 | 4 | 1.2 | 0.05 | 2.75 | 0.05 |
| 2 years and above but less than 3 years | 4.05 | 2.7 | 0.75 | 3.75 | 1.25 | 0.05 | 2.5 | 0.05 |
| 3 years and above but less than 4 years | 3.9 | 2 | 0.75 | 2.85 | 1.3 | 0.06 | 2.25 | 0.05 |
| 4 years and above but less than 5 years | 3.9 | 1.85 | 0.75 | 2.75 | 1.35 | 0.06 | 2 | 0.05 |
| 5 years | 3.85 | 1.85 | 0.75 | 2.6 | 1.4 | 0.06 | 2 | 0.05 |
Note: The FD interest rates are effective as of 1 September 2022
RBL Credit Cards Against FD
| Particulars | Freedom SuperCard |
| Card Limit | Up to 100% of FD |
| Joining Fee | Rs 999 |
| Annual Fee | Rs 999 (from 2nd year onwards) |
| Add on Card Fee | NIL |
| Finance Charges | 47.88% p.a. |
RBL Bank FD Calculator
Consider choosing fixed deposit schemes if you are looking forward to expanding wealth through a secure investment avenue. It is one of the safest investment options that you can get from renowned financial institutions and banks. With RBL Bank fixed deposit, you can invest in various schemes with a minimum amount of ₹1,000.
However, there is no maximum limit for investment; you can invest more than ₹2 crores as per your capability. RBL Bank offers attractive interest rates. Continue reading to learn more about RBL fixed deposit schemes.
RBL Bank Fixed Deposit (FD)
While investing in RBL Bank FDs, you can choose flexible tenures between 7 days to 20 years maximum. However, the accrued interest varies depending on the selected term. For instance, if you invest in a fixed deposit for 364 days, you can earn an interest of 5.85%. However, if you choose a tenure of 365 days to 452 days, the interest rate will rise to 7.00%. This rate is for general citizens investing less than ₹2 crore.
Considering these differences in interest rates, it is a bit difficult to determine your maturity amount through manual calculations. In such cases, you can use the online RBL Bank fixed deposit calculator for quick and accurate estimates. It will save you time and help in assessing your investment returns efficiently.
How Does the RBL Bank FD calculator work?
RBL Bank FD calculator is designed with easy features for the convenience of its users. You can compute your investment returns with this calculator in three easy steps. Here are they:
1. Fill in the “Total Investment” tab with the amount you want to invest in a fixed deposit
2. Next, select an investment tenure by dragging the purple line under “Number of years” space
3. Finally, enter the appropriate RBL fixed deposit rate against your chosen tenure
4. You can check the result instantly
The interest earned, the amount invested, and the maturity amounts are represented in a pie chart. You can alter the numbers and check the interest and maturity and choose a FD scheme that aligns with your financial objective.
RBL Bank FD calculator works following the same mathematical formula used to calculate interest manually. The formula for compound interest FD type goes as follows:
A = P (1 + r/n) ^ n*t
In this formula, “A” stands for the final amount you receive after the completion of tenure, i.e., maturity amount.
“P” is the initial amount you invest in a fixed deposit account
“r” represents the fixed deposit rates of RBL Bank with respect to the tenure
“n” stands for the frequency at which the interest is compounded
“t” implies the tenure of investment
However, simple interest formula is applied in case you are investing in FD schemes for less than a year.
In such cases, you can use the formula for simple interest calculation that goes as follows:
M = P+ (PXRXT/100)
Here, “M” stands for the fixed deposit maturity amount
“P” is the principal amount or the amount invested in fixed deposits
“R” denotes the rate of interest
“T” is the total investment term
You can easily calculate the maturity amount with the help of an FD calculator.
Benefits of an Online RBL Bank FD Calculator
RBL FD calculators are designed to enhance your user experience in many ways. Here are some of them:
- Accuracy: It is completely automated to compute an error-free result each time. All you need to do is enter the figures correctly. This online tool will do the rest.
- Timesaving: The mathematical calculation is time-consuming. However, this tool can instantly display the result when entering the figures. So, it saves you time, and you can use it from anywhere.
- Convenient: It is a free tool that anyone can use. You don’t need to log in with your credentials to use this calculator.
- Better financial planning: With the RBL Bank FD calculator, you can compare the interests offered against multiple tenures and investment amounts. Hence, you can choose a suitable tenure as per your convenience and requirement. So, this calculator helps enhance your financial decision-making ability.
With an Upstox fixed deposit calculator, you make suitable investment choices as per your financial goals conveniently. You can choose between short-term and long-term investments with the help of this tool. Moreover, all these perks come free of cost.
Frequently Asked Questions
What is the highest interest rate on RBL Bank FD?
The highest interest rate offered by RBL Bank fixed deposit is 7.55% for general citizens investing less than ₹2 crore.
What is the minimum investment for fixed deposits under RBL Bank?
The minimum investment amount for RBL Bank fixed deposit is ₹1000.
Do we have a premature withdrawal facility on RBL Bank FD?
You can withdraw fixed deposits prematurely by paying the penalty as per the bank’s regulations.
What is the penalty for early withdrawal in RBL Bank FD?
RBL Bank charges a penalty of 1% in case of premature withdrawal. However, this charge does not apply to you if you are a senior citizen.
In how many years has FD doubled in the RBL?
According to the rule of 72, you can calculate the years it takes to double the fixed amount by dividing 72 by the interest rate. For instance, if the interest rate levied on your FD amount is 6.50%, it will take (72/6.50) 11 years to double your FD amount.
Can I deposit an additional amount into my already existing FD?
No, you cannot add any extra amount to an already existing fixed deposit account.
Can an RBL Bank FD account be closed online?
A fixed deposit account that is opened online can be closed online using internet banking option.
Who are eligible to open an RBL Fixed Deposit Account?
Indian residents and HUFs can open a fixed deposit in RBL Bank.
Are there any special rates for senior citizens?
Yes, senior citizens can avail of an additional 0.50% interest on the regular rates.
