1. I dr sudhir anant Bhat dharwad karnatak wants to invest in RBL BANK anout 500000 at 7.45% as senior citizens is it safe please inform

    1. Hello Dr. Sudhir, Looks you have not read complete article. We have given the conclusion remarks. I am producing below.

      RBL Bank offers high interest rates on fixed deposits compared to other public sector and private sector commercial banks. Investors yet to get confidence about small finance banks. Hence, they are looking for private sector banks which offer high interest rates. If something happens to this bank, deposit insurance would pay up to Rs 5 Lakhs of their FDs to investors. While you want to earn high interest, instead of taking a high risk, one can invest up to Rs 5 Lakhs in such bank fixed deposit schemes. Investing over and this limit can put your money into risk as we do not know how such banks would perform at medium to long term.

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