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RBL launches Ace FD scheme with 8.5% interest

June 07, 2023

RBL launches Ace FD scheme with 8.5% interest
To provide better saving options for customers, RBL bank introduced its ACE Fixed Deposit scheme with an interest of up to 8.50 per cent. The new saving scheme can be taken for a tenure of 12 months to 20 years. The new scheme will provide more options for customers in terms of banks and rewards.

Under the scheme, the bank is offering 20 bps higher rate of interest, over and above the regular callable deposits (Fixed Deposit with premature withdrawal). Moreover, senior citizens and super senior citizens getting 50 bps and 75 bps higher interest rate respectively. The minimum deposit value of the FD scheme is ₹50 lakh and maximum deposit value is ₹2 crore.
 
Investment of large amount for 1-20 years will help people in aligning their investment strategy with their long-term financial goals.
 
The RBL FD scheme is available for residents as well as non-residents of India. It is available for senior citizens and super senior citizens with 50 bps and 75 bps higher interest rate respectively.
 
“Traditionally, a higher interest proposition is offered for non-callable deposits with a value of ₹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,” said Deepak Gaddhyan, Branch & Business Banking Head, RBL Bank.
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