RBL Bank raises interest rates by up to 25 basis points on savings accounts
Private sector lender RBL Bank has raised interest rates on savings accounts. According to the bank’s official website, the new rates come into effect on October 21, 2022. Following the adjustment, the bank increased interest rates on a variety of deposit slabs by up to 25 basis points. As a result, RBL Bank savings account holders can now earn up to 6.50% on their savings account deposits. Interest is paid/credited to the Client’s account on a quarterly basis and interest rates will be calculated and accrued daily, based on the end of day balance on the account.