Banks change the interest rates on fixed deposits from time to time. If a person invests in these, then he is given interest rate on FD on fixed basis. Fixed deposit interest rates have been changed by RBL Bank. This new interest rate will be applicable on amounts less than Rs 3 crore.
Since when is this interest rate applicable?
Let us tell you that the new interest rates will be applicable from December 15, 2024. The bank is offering 3.50% to 8% interest rate to general customers and 8.75% interest rate to senior citizens. Super senior citizens are getting the benefit of interest rate up to 8.75%.
The maximum interest rate of 8% is being given by the bank for general citizens on a tenure of 500 days. Whereas senior citizens are getting 0.50% extra interest rate on this tenure. That means senior citizens will get an interest rate of 8.50% on a tenure of 500 days.
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