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RBL Bank Recurring Deposit (RD) Interest Rates 2025

Q: What are the current RD interest rates offered by RBL Bank for 2025?

RBL Bank RD interest rates range from 6.00% to 7.50% for regular customers, with additional benefits for senior citizens, typically offering up to 0.50% higher rates. Rates vary based on tenure. Visit the RBL Bank website for the most current rates.

Q: What is the tenure range for RBL Bank RD accounts?

RBL Bank offers RD tenures ranging from 6 months to 10 years.

Q: Do senior citizens get higher interest rates on RBL Bank RDs?

Yes, senior citizens are eligible for an additional 0.50% interest rate on their RD deposits.

By Mayashree Acharya

Updated on: Dec 20th, 2024

9 min read

RBL Bank offers a variety of Recurring Deposit (RD) schemes with competitive interest rates. The RBL Bank RD interest rates make it an attractive investment choice for those looking to save regularly. RDs are an excellent way to cultivate disciplined savings while earning interest on the amounts deposited throughout the chosen tenure.

Find out more about RBL Bank RD interest rates, eligibility, benefits and application process.

This is the Latest RD Interest Rates 2025 for RBL Bank

RBL Bank Recurring Deposit Scheme Highlights for 2025

Here is a quick overview of the scheme’s key highlights:

Tenure	6 Months to 10 Years
Senior Citizen Interest Rates	6.00% to 8.50%
Public Interest Rates	5.50% to 8.00%
Highest Interest Rates for Public	8.00%
Highest Interest Rates for Senior Citizens	8.50%
Premature Withdrawal	1% of deposit
Minimum Deposit Amount	Rs. 1,000

2025 Interest Rate of RD for RBL Bank

With varying interest rates based on the tenure of the deposit, these schemes provide an excellent opportunity to grow your savings with ease. Below are the detailed RBL Bank RD interest rates 2025 for deposits below Rs. 3 crores:

Tenure	Interest Rates for General (p.a)*	NRE Interest Rates (p.a)*	NRO Interest Rates (p.a)*
6 months to 7 months	5.50%	NA	5.50%
8 months to 11 months	5.50%	NA	5.50%
12 months to 14 months	7.50%	7.50%	7.50%
15 months to 17 months	7.80%	7.80%	7.80%
18 months to 23 months	8.00%	8.00%	8.00%
24 months to 35 months	7.50%	7.50%	7.50%
36 months to 60 months	7.10%	7.10%	7.10%
61 months to 120 months	7.00%	7.00%	7.00%

*Interest rates are as of 8 June 2024. Please note that the interest rates are subject to change from time to time.

2025 RBL Bank Senior Citizen RD Interest Rate

Below is the detailed table for RBL Bank senior citizen RD interest rates in 2025 for deposits below Rs. 3 crore:

Tenure	Senior Citizen Interest Rate (p.a.)*
6 months to 7 months	6.00%
8 months to 11 months	6.00%
12 months to 14 months	8.00%
15 months to 17 months	8.30%
18 months to 23 months	8.50%
24 months to 35 months	8.00%
36 months to 60 months	7.60%
36 months to 120 months	7.50%

*Interest rates are as of 8 June 2024. Please note that the interest rates are subject to change from time to time.

Types of RBL Bank RD Accounts

Whether you are a resident Indian, a senior citizen, or an NRI, RBL has a tailored RD account for you. Here is a brief overview of the various types of RD accounts available:

Domestic Recurring Deposit Accounts:
Available for resident individuals who wish to save periodically and earn competitive interest rates. Tenures range from 6 months to 10 years, with a flexible minimum deposit amount based on individual financial capacity.
Senior Citizen Recurring Deposit Accounts:
RBL Bank offers higher interest rates for senior citizens, providing up to 0.50% more than regular RD accounts. This is a great option for boosting retirement savings.
NRE Recurring Deposit Accounts:
Designed for Non-Resident Indians (NRIs) to save in Indian currency while earning competitive interest rates. Both principal and interest are fully repatriable, enabling NRIs to save and remit funds to their country of residence.
NRO Recurring Deposit Accounts:
For NRIs earning income in India from rent, dividends, or pensions, these accounts offer attractive interest rates. However, interest earned is subject to Indian tax laws.

Features of RBL Bank RD Interest Rates

Here are the features of the RBL Bank RD accounts:

Attractive Interest Rates: RBL Bank RD interest rates are competitive, with the highest being 8.00% p.a. for general citizens and up to 8.50% p.a. for senior citizens.
Flexible Tenure: You can choose a deposit tenure ranging from 6 months to 120 months (10 years), offering flexibility based on your financial goals.
Quarterly Compounding: Interest earned on RBL Bank RD is compounded quarterly, providing the benefit of earning interest on both the principal and previously earned interest.
Nomination Facility: You can appoint a nominee for your RD account, ensuring that the maturity amount can be easily collected by the nominee in your absence.
TDS Deduction: RBL Bank deducts TDS as per prevailing income tax regulations at the time of account opening.
Online and Offline Account Opening: RBL RD accounts can be opened through net banking if you are an existing customer or by visiting a nearby branch.
Low Minimum Deposit: You can start an RBL RD account with a minimum deposit as low as Rs. 1,000, making it accessible to a wide range of customers.
Penalty for Missed Payments: A penalty is applied as per bank norms if a monthly deposit is missed on the due date.

How to Calculate RBL Bank RD Interest Rate?

Understanding how interest is calculated on your RBL Bank RD is crucial for evaluating its benefits. The interest for RBL RDs is compounded quarterly, and thus, the compound interest method is used to calculate RD interest. The interest is compounded every quarter from the date of the initial deposit.

Below is the formula used for RD interest calculations:

A = P x (1 + r/n) ^ (n x t)

Where:

A = Maturity Value
P = Deposit Amount
r = Interest rate
n = Number of times interest is compounded
t = Tenure

Example: Rohan opens an RBL RD account with a monthly deposit of Rs. 5,000 for a tenure of 36 months at an interest rate of 7.10% p.a.

Using the formula, Rohan’s RD will grow to:

As per the formula,

P = Rs.1,80,000 (Rs.5,000 x 36)
r = 0.071 (7.10%)
n = 4

A = P x (1 + r/n) ^ (n x t) = 1,80,000 x (1 + 0.071/4) ^ (4 x 36)

A = Rs. 2,01,001

Rohan’s total earnings from the RBL RD account for 36 months and 1 day will amount to Rs. 2,01,001, and the interest earned is Rs. 21,001 if he deposits Rs. 5,000 per month for 36 months.

You can conveniently calculate this within seconds using the RBL Bank RD Calculator.

Eligibility for Opening RBL Bank RD Account

RBL Bank offers RD accounts to a wide range of individuals and organisations. Here is a breakdown of the eligibility criteria for different types of depositors.

Indian residents can open an RD account, either individually or jointly.
HUFs, partnership firms, and proprietorships can open RDs.
Associations, clubs, and government organisations can also open RD accounts.
Individuals with special needs or disabilities are also eligible to open RD accounts.

Documents Required for Opening RBL Bank RD Account

Before opening an RD account with RBL Bank, you will need to the following documents:

Identity Proof: Passport, PAN card, voter ID, driving license, senior citizen ID, etc.
Address Proof: Passport, utility bills (water, telephone or electricity bill), bank statements, post office certificates, etc.

How to Open an RBL Bank RD Account?

You can open an RBL Bank RD account either offline by visiting a branch or online through the bank’s net banking or mobile banking platforms. Here is a step-by-step guide to help you set up your RD account quickly and easily:

Offline application

Visit the RBL Bank branch with your savings account details.
Fill out the RD application form with details such as instalment amount, tenure, nominee, and mode of payment.
Submit the form and pay the first instalment.
Your RD account will be opened and processed.

Online application

Log in to RBL Bank net banking or mobile banking app.
Select ‘Open an RD Account’.
Enter details such as deposit amount, tenure, and nominee.
Agree to the terms and apply.
You will receive a confirmation, and the RD will be opened.

How to Close RBL Bank RD Account?

Closing your RBL Bank RD account can be done seamlessly by visiting the bank:

Visit the RBL Bank's branch in person.
Obtain and fill out the RD account closing form.
Submit the form to the bank’s officials.
Your RD account closing form will be processed, and the account will be closed.

Benefits of RBL Bank RD Account

RBL Bank recurring deposit accounts are ideal for disciplined savers looking to build a financial cushion over time. Let us explore the full range of benefits an RBL RD account offers:

Safe Investment: RBL Bank’s RD account is a secure, risk-free investment option for conservative savers.
Flexible Deposit Options: Start small with monthly deposits, which are ideal for saving consistently over time.
Wide Range of Tenures: You can choose the RD tenure of your choice, ranging from a few months to several years, based on your financial goals.
Competitive Interest Rates: RBL Bank RD interest rates are higher than fixed deposit interest rates.
Insulated from Market Risks: RD accounts are not affected by stock market fluctuations, ensuring your savings grow safely.
Lump-Sum Pay-out on Maturity: Receive a lump sum of your savings and interest at the end of the tenure.
Easy Transition to Fixed Deposits: Seamlessly convert your RD proceeds into an FD for continued growth.
Nomination Facility: Nominate a person to claim your RD amount in case of any unforeseen event.

RBL Bank RD Premature Withdrawal Rules

RBL Bank allows premature withdrawal of RD funds under specific conditions, with a 1% penalty on the deposit amount. However, senior citizens are exempt from this penalty.

Opening an RBL Bank Recurring Deposit (RD) account is a simple and reliable way to save while earning interest. With flexible tenures, attractive interest rates, and senior citizen benefits, an RD account with RBL Bank is a smart choice for securing your financial future. RDs are ideal for achieving both short-term and long-term goals, and combining them can create a diversified savings strategy.

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Frequently Asked Questions

What are the current RD interest rates offered by RBL Bank for 2025?

RBL Bank RD interest rates range from 6.00% to 7.50% for regular customers, with additional benefits for senior citizens, typically offering up to 0.50% higher rates. Rates vary based on tenure. Visit the RBL Bank website for the most current rates.

What is the minimum deposit required to open an RD account with RBL Bank?

The minimum deposit amount to open an RD account with RBL Bank is ₹500 per month.

What is the tenure range for RBL Bank RD accounts?

RBL Bank offers RD tenures ranging from 6 months to 10 years.

Do senior citizens get higher interest rates on RBL Bank RDs?

Yes, senior citizens are eligible for an additional 0.50% interest rate on their RD deposits.

How is interest calculated on RBL Bank RD accounts?

Interest on RBL Bank RD accounts is compounded quarterly and paid at maturity along with the principal amount.

Can I close my RBL Bank RD account before maturity?

Yes, you can close your RD account prematurely with RBL Bank. However, a penalty may apply, and interest will be recalculated based on the deposit period completed.

What happens if I miss an RD installment?

If you miss an installment, RBL Bank may charge a penalty, and your account could accrue reduced interest. Continued defaults may result in account closure.

Can I open an RD account online with RBL Bank?

Yes, RBL Bank allows you to open an RD account online through Net Banking or the RBL Bank Mobile App.

Is TDS applicable on the interest earned from RBL Bank RD?

Yes, TDS is applicable if the total interest earned in a financial year exceeds ₹40,000 (₹50,000 for senior citizens). You can submit Form 15G/15H if eligible to avoid TDS deductions.

Can I avail a loan against my RD with RBL Bank?

Yes, RBL Bank allows you to take a loan or overdraft against your RD deposit, usually up to 90% of the RD value.

Does RBL Bank provide auto-renewal for RD accounts?

No, RBL Bank does not offer auto-renewal for RD accounts. Upon maturity, the amount (principal + interest) is credited to your linked savings account.

Can I partially withdraw funds from my RD before maturity?

No, RBL Bank does not allow partial withdrawals. To access your funds before maturity, you will need to prematurely close the RD account.

What documents are required to open an RD account with RBL Bank?

For existing customers with updated KYC, no additional documents are needed. New customers must provide proof of identity, address, and PAN card.

Are there any special RD schemes offered by RBL Bank?

RBL Bank occasionally offers special RD schemes with higher interest rates or benefits for specific tenures. Check the RBL Bank website for any ongoing promotions or offers.

Can I modify the deposit amount or tenure of my RD mid-term?

No, once the RD is created, the deposit amount and tenure cannot be modified. However, you can open a new RD with different terms.

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About the Author

Mayashree Acharya

Senior Content Writer

I am an advocate by profession and have a keen interest in writing. I write articles in various categories, from legal, business, personal finance, and investments to government schemes. I put words in a simplified manner and write easy-to-understand articles. Read more

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