RBL Bank RBL Bank introduces ACE Fixed Deposit, offering up to 8.50% interest rate
Mumbai: Private sector lender RBL Bank on Friday announced the launch of its new Fixed Deposit – ACE.
In a significant move to enhance customer offerings and reward long-term commitment, the Bank is offering 20 bps higher rate of interest, over and above the regular callable deposits (Fixed Deposit which allows premature withdrawal), with senior citizens and super senior citizens getting 50 bps and 75 bps higher interest rate respectively.
With a minimum deposit value of Rs 50 Lakh and a maximum deposit value of less than Rs 2 Crore, customers can choose a tenure ranging from 12 to 240 months and enjoy the benefits on maturity, allowing them to align their investment strategy with long-term financial goals.
The product is available to both resident and non-resident Indians, allowing a wider audience to benefit from this exclusive offering.
Deepak Gaddhyan, Branch & Business Banking Head, RBL Bank, said, “Traditionally, a higher interest proposition is offered for non-callable deposits with a value of Rs. 2 Crore and above. However, at RBL Bank we believe in empowering our customers and wanted to extend this offering to a wider range of client segments. This innovative product offers a higher interest rate compared to regular Fixed Deposit, enabling customers to benefit from the power of compounding to meet their financial aspirations.”
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
