RBL Bank Slashes Savings Account Interest Rates by 50 BPS; New Rates Effective Jan 15

• RBL Bank has reduced interest rates on savings account deposits by 50 basis points.
• The reduction applies to balances between ₹25 lakh and ₹3 crore.
• The peak savings account rate is now 6%, down from 6.5%.
• The new rates will be effective from January 15.
• Interest rates for balances less than ₹25 lakh and above ₹3 crore remain unchanged.

Why It Matters: RBL Bank cuts savings account interest rates by 50 bps for specific balance slabs from Jan 15.