{"id":"f-e550251d2f-6900c12f-993d-5bb3-a217-404a71811a1c","title":"RBL Bank cuts interest rates on savings account deposits by 50 basis points; Details here","description":"The interest rates on slabs less than ₹25 lakh and above ₹3 crore have been left unchanged by the lender, as per the details available on its website.","timestamp":1768386039,"category":"business","headline":"RBL Bank cuts interest rates on savings account deposits by 50 basis points; Details here","modifiedHeadline":"RBL Bank Reduces Savings Account Interest","subCategories":["scid_2c4a86f2"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"88","fcSummary":"RBL Bank has reduced savings account interest rates by 50 bps for balances between ₹25 lakh and ₹3 crore, effective January 15, bringing the peak rate down to 6%. Rates for other balance slabs remain unchanged. This follows a similar rate cut by IDFC First Bank.","summary":"RBL Bank cuts savings account interest rates by 50 bps on specific deposit slabs. Rates for ₹25L and above ₹3Cr remain unchanged.","ctaUrl":"https://trends.glance.com/newz/Personal_Finance/IN/en/cnbc-tv18/f-e550251d2f-6900c12f-993d-5bb3-a217-404a71811a1c","sourceUrl":"https://www.cnbctv18.com/personal-finance/rbl-bank-savings-account-interest-rate-cut-50-basis-points-slabs-impact-timeline-19820873.htm","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/uBHgwUDOsWp0.webp","content":"RBL Bank has slashed interest rates on savings account deposits. The Mumbai-based bank has announced a 50 basis point reduction in savings deposits on balances between ₹25 lakh and ₹3 crore.\n\n
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\n As per details available on the Mumbai-based private lender's website, the peak SA (savings account) rates are now reduced to 6% versus 6.5% earlier.\n
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\n The new rate will be effective from January 15.\n
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Also Read: IDFC First Bank cuts savings account rates by up to 200 bps on certain balance slab\n
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\n The interest rates on slabs less than ₹25 lakh and above ₹3 crore have been left unchanged by the lender.\n
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\n Earlier this month, in a similar exercise, IDFC First Bank reduced interest rates on savings account deposits across several balance slabs by up to 200 basis points.\n
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\n Shares of RBL Bank are trading 1.3% higher at ₹309.65. The stock is trading close to its 52-week high of ₹332, having doubled in value over the last 12 months with gains of 101%.\n","readDurationInMinutes":"2","author":{"name":"CNBC TV18","logo":"https://glance-mob.glance-cdn.com/public/bubble/jpeg/ecc3d19b-fc52-4a39-881c-5b0936ae723b.jpeg"},"ism":false,"analyticsResponses":[{"measurementId":"383191425","type":"COMSCORE"}],"pointerSummary":["RBL Bank cuts savings account interest rates by 0.5% on ₹25L-₹3Cr balances.","Peak savings account rate reduced to 6% from 6.5%, effective Jan 15.","Rates unchanged for balances below ₹25L & above ₹3Cr; stock up 1.3%."],"tags":["RBLBank","InterestRates","SavingsAccount","DepositRates","Mumbai","IDFCFirstBank","Banking","Finance","IndianEconomy"],"consent":true,"redirectionEnabled":false}

RBL Bank cuts interest rates on savings account deposits by 50 basis points; Details here

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