New Delhi: RBL Bank has increased the interest rates on the amount deposited in the savings account. The new interest rates of the bank (RBL Bank Interest Bank) have come into effect on 5 September. The customers of RBL Bank can now get interested in their savings account at the maximum rate of 6.25 percent per annum. This rate is equal to the interest rate of fixed deposits of many banks. The country's leading private bank ICICI is currently paying a maximum of 3.50 percent interest on the savings account. Similarly, the State Bank of India is also paying only 2.70 percent interest.

According to a report in Live Mint, RBL Bank will now pay interest at the rate of 4.25 percent on the amount deposited in the savings account up to 1 lakh. At the same time, interest will be available at the rate of 5.50 percent per annum on deposits ranging from Rs 1 lakh to Rs 10 lakh. At the same time, the bank will now pay 6 percent interest on savings account deposits from Rs 10 lakh to Rs 25 lakh.

Will get 6.25% interest

RBL Bank has announced to pay interest at the rate of 6.25 percent per annum from September 5 on keeping Rs 25 lakh to Rs 1 crore in the savings account. Earlier this rate was 6 percent. The deposit of Rs 1 crore to Rs 3 crore will now get 6.25% interest, then the bank will give interest at the rate of 6.25% to the customer who deposits Rs 3 crore to 5 crores in the savings account.

These amounts will also get more interest

Similarly, the bank used to pay interest at the rate of 5.75 percent earlier on deposits ranging from Rs 10 crore to Rs 50 crore, but now it has been increased to 6.10 percent. Similarly, in the savings account in which Rs 50 crore to Rs 100 crore will be deposited, interest will be given at the rate of 5.25 percent per annum.

The bank will now pay interest at the rate of 6 percent on deposits ranging from Rs 100 crore to Rs 200 crore in the savings account. On keeping 200 crores to 500 crores in the savings account, the bank will give interest at the rate of 4 percent.