RBL Bank, presented an extraordinary momentary fixed deposit (FD) plan for very senior residents.
With the new item, the bank offers an extra interest rate of 0.75 percent on its 15-month FD plan to senior residents matured 80 years or more.
The extra premium contribution takes the all out return rate for very senior residents to 7.75 percent.
For a similar FD plan, ordinary account holders get a 7 percent return, while senior residents are offered 7.5 percent premium.
Remarking on the new FD, Surinder Chawla, Head – Retail Liabilities, Fee and Digital Bank, RBL Bank, said, “We are happy to offer extra rates to our Super Senior Citizens on the event of International Senior Citizens Day. We esteem the commitment of our Senior Citizens and are sending off extraordinary rates and administrations with an undertaking to simplify Banking and appealing.”
The FD plot with the refreshed return rates can be reserved at RBL Bank’s facility and online through its site, versatile application or net banking.
RBL bank offers an interest rate between 3.25 percent and 7 percent on its FDs of ₹ 2 crore or less. The maturity time of these FDs differs from 7 to 14 days, going up to 10 to 20 years.
Aside from extra interest rates, senior resident FD account holders partake in a large group of different advantages on their stores at RBL bank.
On untimely withdrawal of assets, full or halfway, the bank pays an interest rate pertinent on the date the deposit was set, and for the period the store is kept up with, dependent upon a punishment on such rates.
In any case, senior or very senior residents are excluded from any such punishment on untimely withdrawals.
The senior or super residents benefits are not material on Non-Resident Fixed Deposits (NRE/NRO) plans presented by the bank.
