PERSONAL FINANCE
RBL Bank, a private sector lender, increased the interest rates on its savings accounts.
The interest rates on savings accounts have increased at the private lender RBL Bank. On September 5, 2022, the new rates will go into effect, according to the bank's official website. The RBL Bank has agreed to pay savings bank deposits at a maximum interest rate of 6.25% following the amendment. RBL Bank stated on its website that the “Attention of customers/public is invited on the changes in interest rates Saving Deposits w.e.f. September 05, 2022 Interest rates on Savings Deposit (including NRE/NRO Savings).”
Interest rates for savings accounts at RBL bank
The interest rate on savings account balances up to Rs. 1 lakh will remain at 4.25%, while on balances above Rs. 1 lakh and up to Rs. 10 lakh, it will increase to 5.50%. Deposits made into savings accounts up to and including Rs. 1 crore will now earn interest at a rate of 6.25%, up from 6% previously—a 25 basis point increase—while deposits up to and including Rs. 10 lakh will continue to earn interest at a rate of 6.00%.
Savings bank deposits over Rs. 1 crore and up to Rs. 3 crores will now earn interest at a rate of 6.25% from 6%, while balances over Rs. 3 crore and up to Rs. 5 crores will now earn interest at a rate of 6.25% from 6%. For savings account balances over Rs. 5 crores and up to Rs. 7.5 crore and for savings bank deposits over Rs. 7.5 crore and up to Rs. 10 crores, RBL Bank has increased the interest rate by 50 basis points (bps), from 5.75% to 6.25%.
The interest rate on savings bank deposits increased from 5.75% to 6.10% for deposits over Rs. 10 crores up to Rs. 50 crore by the bank, and it will remain at 5.25% for deposits beyond Rs. 50 crore up to Rs. 100 crores. Savings bank accounts worth more than Rs. 100 crore but less than Rs. 200 crores will now earn interest at a rate of 6.00%, up from 5% previously. The bank will now pay an interest rate of 4% on balances in savings accounts over Rs. 200 crores and up to Rs. 500 crores, and an interest rate of 4.50% on balances above Rs. 500 crores.
Minahil Malik's private video leaks online, Pakistani Tik Tok star files complaint: Is the MMS fake?
DNA TV Show: Lawrence Bishnoi, big revelation behind the code name `Guruji’
BIG trouble for Gautam Adani as SEBI issues show-cause notice to Adani Energy Solutions alleging...
BCCI announces India's squad for Border-Gavaskar Trophy 2024-25, Mohammed Shami misses out
Kalki 2898 AD: Prabhas' epic blockbuster will be re-releasing on big screen, but there's a catch
Viral Video: Man finds cobra inside sofa pillow, leaves internet shivering, watch
'BJP orchestrated this...': Arvind Kejriwal attacked during 'Pad yatra' in Delhi, alleges AAP
First time in 23 years! India register embarrassing record in Pune Test vs New Zealand
David Warner's lifetime captaincy ban lifted six years after ball-tampering scandal, set to lead....
Ratan Tata gave Shantanu Naidu personal loan for studying MBA in Cornell University of Rs...
Meet man, who leads R 150000 crore business, but drives Rs 6 lakh car, doesn't own phone, he is...
Anant Ambani's MIL and Radhika Merchant's mother buys luxury flat for Rs 20.76 crore in...
Aishwarya Rai didn't name herself but gave title of 'most beautiful women' to Abhishek Bachchan's...
Delhi police arrests seven Bishnoi gang shooters, huge quantity of arms recovered
PM Modi and Chancellor Scholz strengthen India-Germany ties, announce visa reforms by...
How can India qualify for WTC Final if they face defeat in 2nd Test against New Zealand?
Watch: Orry steals the show in cow costume as B-Town celebs begin Halloween festivities
Who do IAS officers Tina Dabi, Anudeep Durishetty, Srushti Deshmukh, Pari Bishnoi, others report to?
BRICS unveils symbolic banknote to challenge dollar dominance
'If I don't say...': Here's what Mukesh Ambani was 'instructed' to tell NVIDIA CEO by Nita Ambani
Meet Pune's richest man who owns Rs 750 crore home, has net worth of over Rs 204300 crore, he is...
IRCTC tour package to Andaman starts from Rs 57,230 for 6 days; check all details here
Google Doodle on KK: Self-taught singer sang at hotels before winning the National Award for…
IND vs NZ: Yashasvi Jaiswal makes history in Pune, becomes youngest Indian cricketer to...
World's richest man's net worth jumps to Rs 22724431845000 due to...
Dhanteras 2024: When is Dhantrayodashi? Know date, shubh muhurat, significance
MAMI 2024: Here's why The Room Next Door, A Fly on The Wall stood out at film festival
Youngest Indian student represents India on most iconic international tech platform
PAK vs ENG test: Saud Shakeel near century as Pakistan still trails by 80 runs
Diwali, Chhath Puja 2024: Vande Bharat trains for people travelling home; check route, fare, timings
This restaurant owner refuses to serve food vlogger, says 'Main tum logo se…', watch viral video
PM Modi and German Chancellor Olaf Scholz meet, exchange views on defence, trade, clean energy
Meet Indian who is first female CFO of HSBC in 160 years, not from IIT, IIM, she is from...
IND vs NZ 2nd Test: Team India's flop show continues, all out for 156, NZ lead by 103 runs
Need for a nuanced approach and realistic expectations from BRICS+
Ranbir Kapoor doesn't even gossip, says Alia Bhatt in viral video; Sonakshi, Nargis think otherwise
India, China pull back troops; begin disengagement in Demchok, Depaang in eastern Ladakh
Meet Prashanth Rajendran: The product leader who's making big data safer for millions
Gulmarg terror attack: Security forces launch combing operation along LoC
The impact of studying abroad on career prospects for Indian students
Delhi water shortage: No water supply for 12 hours TODAY, check affected areas and advisory
Maharashtra election: Baba Siddique's son Zeeshan Siddique joins Ajit Pawar's NCP to contest from...
Centre asks Meta, X to share data again after over 80 flights get fresh bomb threats
Indian woman on Reddit worries if her name would cause issues in Germany, it is...
IMD update: Severe cyclone Dana begins landfall on Odisha coast, expected to continue till...
Delhi Air Pollution Update: Air quality improves to 'moderate' category, AQI drops to 283
Ratan Tata's final project: A four-storey centre, made at cost of Rs 165 crore, it is....