The new interest rates of RBL Bank will be effective from March 1, 2023. RBL Bank has increased the interest rates on savings accounts by 50 to 75 basis points across different deposit slabs.
Private sector RBL Bank (RBL Bank) has increased the interest rates of its savings accounts. According to the official website of RBL Bank, the new interest rates are applicable on domestic savings accounts including NRE/NRO savings.
The new interest rates will be effective from March 1, 2023. RBL Bank has increased the interest rates on savings accounts by 50 to 75 basis points across different deposit slabs.
RBL Bank Savings Account Interest Rates
Private sector RBL Bank (RBL Bank) will give 4.25% interest on daily balance up to Rs 1 lakh in savings accounts. RBL Bank will continue to pay 5.50% interest on daily balance above Rs 1 lakh and up to Rs 10 lakh in savings accounts.
At the same time, the private sector bank will pay 6% interest on the daily balance of more than Rs 10 lakh and up to Rs 25 lakh in savings accounts. The bank has increased interest rates from 6.50% to 7% on daily balance above Rs 25 lakh and up to Rs 7.5 crore.
Bank will give 7% interest on this much deposit in savings account
RBL Bank will now pay 75 basis points more interest on daily balance between Rs 7.5 crore and Rs 25 crore. The bank will now pay 7% interest instead of 6.25% on savings accounts with this amount.
Private sector banks will pay 6.25% interest on daily balances above Rs 25 crore and up to Rs 50 crore. RBL Bank will give 5.25% interest to customers on daily balance above Rs 50 crore and up to Rs 100 crore. At the same time, the bank will continue to pay 6% interest on daily balance above Rs 100 crore and up to Rs 200 crore.
Bank pays interest on quarterly basis
RBL Bank will pay 4% interest on savings accounts with daily balance above Rs 200 crore and up to Rs 400 crore and 5.25% on savings accounts with daily balance above Rs 400 crore. RBL Bank pays interest on savings bank balances on a quarterly basis.
