RBL Bank Saving Account: In order to control the rising inflation in the country, the Reserve Bank of India is continuously increasing the Repo Rate (RBI Repo Rate). A total of 1.40% account interest rates have been increased in the months of May, June, and August. Since that time, all banks have been gradually raising their loan and deposit rates. The name of a new bank has now been added to this list. The name of this bank is RBL Bank (RBL Bank Savings Account Rate of Interest). RBL Bank is offering its customers an interest rate on their savings account ((RBL Bank Savings Account) at par with other banks’ FDs. RBL Bank is offering an interest rate of 6.25% to its customers.
Ever since the new rates are being implemented
Large banks of the country like State Bank of India give maximum interest of 2.70% on their savings account and private sector bank ICICI Bank gives the maximum interest of 2.70% to their customers on their savings accounts. rate is offered. In such a situation, RBL Bank is offering the highest interest rate to its customers. On various deposits, the bank offers various interest rates. Beginning on September 5, 2022, the bank’s new interest rates will be higher. If you also want to get an interest rate equal to FD by opening a savings account in RBL Bank, then we are giving you information about its latest interest rates-
The interest rate available on savings accounts in RBL Bank-
- -4.25% on deposits of Rs 1 lakh
- On deposits of Rs 1 to 10 lakh – 5.50%
- 6.00% on deposits of Rs 10 to 25 lakhs
- On deposits of Rs.25 lakh to Rs.1 crore-6.25%
- On deposits of Rs 1 to 3 crore – 6.25%
- On deposits of Rs 3 to 5 crore-6.25%
- On deposits of Rs 5 to 7.5 crore-6.25%
- 6.10% on deposits of Rs.7.5 crore
- -5.25% on deposits of Rs 10 to 50
- On deposits of Rs 100 to 200 crore – 6.25%
- -4.00% on deposits of Rs 200 to 250 crores
- 250 Cr to 500 Cr – 4.00%
- On deposits above Rs 500 crore – 4.50%
Read More: EPFO: How much money will the government put in your PF account, understand the accounts.
The bank had also increased the MCLR rate.
Let us tell you that after the decision of RBI to increase the repo rate on August 5, 2022, the bank decided to increase its Marginal Cost of Lending Rate (MCLR). The new MCLR has been implemented by the bank on 22nd August 2022. Bank Overnight Term Loan is now at 8.05%, One Month MCLR 8.15%, Three Month MCLR Rate 8.45%, 6 Month MCLR Rate 8.85%, and One Year MCLR Rate 9.25.
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