Saving Account Interest Rate: An interest rate of 5.50% will be paid by the bank on savings account for more than Rs 1 lakh and up to Rs 10 lakh. Apart from this, 6.00% interest will be paid by the bank on the amount from Rs 10 lakh to Rs 25 lakh.
RBL Bank New Rule: RBL Bank has given great news to its customers. According to the information given on the official website of the bank, RBL Bank (RBL Bank) has increased the interest rate on its savings accounts including NRE / NRO savings by up to 50 basis points (bps) on select amounts. The new interest rate from the bank has been implemented from today i.e. 21 August 2023.
Interest Rates on RBL Bank Savings Account
A rate of 4.25% will be paid by the bank on a savings account with daily balance up to Rs 1 lakh. While the interest rate of 5.50% will be paid by the bank on the savings account for more than Rs 1 lakh and up to Rs 10 lakh. Apart from this, 6.00% interest will be paid by the bank on the amount from Rs 10 lakh to Rs 25 lakh.
50 basis point increase in interest rate
The bank has increased the interest rate by 50 basis points on accounts with daily balance of more than 25 lakhs. The interest rate has been increased from 7% to 7.50% on behalf of RBL on the amount between Rs 25 lakh to Rs 3 crore. Apart from this, the bank has reduced the interest rate on accounts with high balance on daily basis. The interest rate has been reduced by 50 basis points on the amount above Rs 3 crore. That is, now instead of 7%, interest will be given at the rate of 6.5% on the amount from 3 crore to 25 crore.
6.25% interest is being given by RBL Bank on the amount ranging from Rs 25 crore to Rs 50 crore. Apart from this, interest will be paid at the rate of 6.00% on the amount ranging from 50 crores to 100 crores. Interest will be given at the rate of 4 percent on the amount ranging from Rs 100 crore to Rs 200 crore.
