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RBL Bank introduces super senior fixed deposits

The bank has been offering highly competitive interest rates on all fixed deposits, especially during the past 15 months.

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Mumbai: RBL Bank on Saturday announced a new fixed deposit product on the eve of International Senior Citizens Day which is celebrated on August 21.

The bank has been offering highly competitive interest rates on all fixed deposits, especially during the past 15 months.

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Under the newly launched product, the bank will be offering an additional interest rate of 0.75% p.a. on fixed deposits to senior citizens in the age group of 80 years and above, taking the 15-month interest rate to 7.75% p.a, a statement from the bank said.

Surinder Chawla, Head, Retail Liabilities, Fee and Digital Bank, RBL Bank, said, “We are delighted to offer additional rates to our Super Senior Citizens on the occasion of International Senior Citizens day. We value the contribution of our Senior Citizens and are launching special rates and services with an endeavor to make Banking simple and attractive.”

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