RBL Bank Announces Vijay Fixed Deposits to Honor 78th Independence Day [Current Affairs]
RBL Bank has introduced a special “Vijay Fixed Deposits” scheme to commemorate India’s 78th Independence Day. The bank offers a 500-day fixed deposit tenor with highly competitive interest rates, providing an opportunity for customers to grow their savings while paying tribute to the nation’s brave soldiers.
Key Highlights
Interest Rates: The Vijay Fixed Deposit offers 8.85% p.a. for super senior citizens, 8.60% p.a. for senior citizens, and 8.1% p.a. for regular customers.
Booking Options: Customers can book the fixed deposit via the RBL Bank MoBank app or by visiting their nearest branch.
Limited-Period Offer: This special deposit plan is available for a limited time and is applicable for deposits below Rs 3 crore.
RBL Bank FD Rates Overview (Effective July 29, 2024)
Short-Term Deposits: Ranging from 3.50% to 6.55% p.a. depending on the deposit period and customer category.
Long-Term Deposits: For periods over 365 days, interest rates vary from 7.00% to 8.50% p.a.
Recent Initiatives
UPI and NCMC Integration on RuPay Credit Cards: On August 1, 2024, RBL Bank became the first private sector bank in India to integrate Unified Payments Interface (UPI) and National Common Mobility Card (NCMC) features on RuPay Credit Cards. This allows users to travel seamlessly and make secure, instant payments using UPI.
RBL Bank : Key Points
Established: Originally founded as Ratnakar Bank in 1943; rebranded to RBL Bank in 2014.
Headquarters: Mumbai, India.
Branches: 545 branches across 28 states and Union Territories in India.
Business Correspondent Branches: 1,261, including 297 banking establishments.
ATMs: 398 ATMs.
Customer Base: Approximately 15.90 million customers.
Recent Innovations: Integration of Unified Payments Interface (UPI) and National Common Mobility Card (NCMC) features on RuPay Credit Cards, as of August 1, 2024.
Special Fixed Deposit Scheme: “Vijay Fixed Deposits” with a 500-day tenor, offering up to 8.85% p.a. interest for super senior citizens.
Source: currentaffairs by adda247
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