Ratnakar Bank Interest Rates on FD, Oct 2016

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Last Updated 21st Oct 16

TenureInterest Rate
30 Days5.25%
45 Days 5.25%
60 Days 7.00%
90 Days 7.00%
120 Days 7.25%
6 Months 7.25%
9 Months 7.75%
12 Months 8.00%
18 Months 8.00%
2 Years 8.25%
3 Years 8.00%
4 Years 8.00%
5 Years 8.00%
7 Years 8.00%
10 Years 8.00%

Ratnakar Bank FD Interest Rates

  • Ratnakar Bank offers FD interest rates upto 8.25% per annum.
  • Interest on deposits with Ratnakar Bank is typically compounded quarterly.
  • Ratnakar Bank accepts deposits starting at Rs. 10000 for various tenures.
  • For senior citizens (age more than 60 years), Ratnakar Bank offers 0.50% higher interest rate over and above rates mentioned below.

Ratnakar Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Ratnakar Bank pays 1% lower ROI than that applicable for actual duration of deposit.

Loan against Ratnakar Bank FD

  • Ratnakar Bank offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Ratnakar Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Ratnakar Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Ratnakar Bank in your city - Find Ratnakar Bank Branches here

About Ratnakar Bank

Ratnakar Bank Limited (now called RBL Bank) is a private bank in India established in the year 1943 with its head office in Kolhapur in Maharashtra. In the year 1956, Ratnakar Bank was conferred the rank of Scheduled Commercial Bank by the Reserve Bank of India. After successfully establishing its presence in Maharashtra and Karnataka, the Bank is now expanding rapidly in key growth markets like Andhra Pradesh, Telangana, Tamil Nadu, Gujarat, Delhi NCR, Punjab, Haryana, Madhya Pradesh, Rajasthan and West Bengal. The Bank expanded its branches from 88 in 2010 to 185 in 2014. Apart from growing its branch network, the Bank has also scaled up its ATMs from 19 in 2010 to over 350 in 2014. Ratnakar Bank rebranded itself to RBL Bank in December 2013. The bank services more than 500,000 customers and has a total business of Rs. 21,000 crore. Today, RBL Bank offers specialized services under the five business verticals: namely Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agriculture & Development Banking and Financial Markets. The bank reported total assets of worth Rs. 18,198 crore for the FY 2014 and net profit of Rs. 92.67 crore for same year. The bank also has total networth of Rs 2,012 crore in FY 2014.

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