Banking Update: This bank is giving the highest interest on money deposited in a savings account, check the new rates here..
If you want to earn more interest on the amount deposited in your savings account, then there is good news for you. RBL Bank has increased the interest rates on its savings account.
This means that you can earn more interest on the money kept in your RBL Bank savings account. If you have an account open in this bank, then now you will get interest ranging from 4.25 percent to 7.75 percent on the daily balance. These interest rates will apply to customers keeping an amount of more than Rs 1 lakh. According to the information given on the bank's website, these new interest rates have come into effect from May 24.
Now 4.25 percent interest on deposits up to Rs 1 lakh
Let us tell you that after this increase in interest rates, RBL Bank will now get 4.25 percent interest on daily balances up to Rs 1 lakh. At the same time, 5.50 percent interest will be given on deposits between Rs 1 lakh to Rs 10 lakh, 6 percent on deposits between Rs 10 lakh to Rs 25 lakh, 7.50 percent interest will be given on deposits between Rs 25 lakh to Rs 2 crore.
At the same time, 7 percent interest will be given on the amount between Rs 2 crore to Rs 3 crore, 6.50 percent on the amount between Rs 3 crore to Rs 7.5 crore, 6.25 percent on the amount between Rs 7.5 crore to Rs 50 crore, 5.25 percent on the amount between Rs 50 crore to Rs 75 crore.
This is how you will get the highest interest
According to the information given by the bank, the highest interest of 7.75 percent will be given on the amount between Rs 75 crore to Rs 125 crore. After this, 6 percent interest will be given on the amount between Rs 125 crore to Rs 200 crore, 4 percent on the amount between Rs 200 crore to Rs 400 crore, and 6.75 percent on the amount more than Rs 400 crore.
RBL Bank has a total of 545 branches across the country
Let us tell you that RBL Bank (RBL Bank Savings Accounts) is a big private-sector bank in the country. As of March 31, 2024, the bank has a total of 545 branches across the country.
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