RBL Bank Account Opening Form, Minimum Balance, Docs & Charges

Can I Open RBL Account Online | What Is The Minimum Balance In RBL Bank | RBL Bank Account Opening Form | RBL Saving Account

RBL Bank offers a variety of savings accounts, each with its own set of features and perks. For any investments made into the account, the bank offers interest rates starting at 4.25 percent per year. The article will provide you with more details related to the RBL Bank Account Opening Process and other related details

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Interest Rates on RBL Bank Account Opening

Savings account interest rates are computed daily based on the balance in the account at the end of the day. The interest will be credited every six months. The following are the interest rates for RBL bank’s various savings account options.

Daily BalanceInterest Rate per annum
Up to Rs.1 lakh4.25%
Above Rs.1 lakh and up to Rs.10 lakh5.50%
Above Rs.10 lakh and up to Rs.3 crore6.00%
Rs.3 crore to Rs.5 crore6.00%

The interest rates listed above are effective as of December 1, 2021.

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RBL Bank Savings Account Types

To meet the demands of various customers, RBL Bank offers four distinct types of savings accounts. RBL Bank offers the following savings account options.

Advantage Savings Account

The Advantage Savings Account is designed to provide optimum benefits and a completely hassle-free banking experience. It comes with a variety of features that will please account holders.

  • Customers have the option of selecting their own account number.
  • With the Advantage Savings account, account members also receive a complimentary accidental death cover worth Rs.5 lakhs.
  • Customers receive a Platinum Master Card Debit Card with high cash withdrawal and shopping limitations.
  • Safe deposit lockers are offered at a discount of up to 15%. Customers can also take advantage of Visa’s Platinum Concierge Services.
  • Advantage Savings account customers receive a 25% discount on the processing charge for a loan against property.
Prime Edge Savings Account

The following are some of the key features of the Prime Edge Savings Account:

  • Interest rates are being offered at a higher level.
  • Individuals can open an account online and make bill payments online.
  • A wide range of insurance and financial solutions are available.
  • A wide range of insurance and financial solutions are available.

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Executive Salary Account
  • The executive salary account is a salary account that also serves as a prime savings account. It comes with a number of customer-friendly features.
  • The Executive Salary Account is a zero-balance savings account with no minimum balance requirements.
  • Get money management guidance from a team of experts with years of experience.
  • Get unlimited access to other bank ATMs as well as increased ATM withdrawal limits with the free debit card.
  • Free demand draft and check payable at par.
  • Phone and mobile banking, e-statements, online bill payment services, and RBL net banking are among the other benefits.
Prime Savings Account
  • Prime Savings account offers a variety of options to match your needs, including the greatest fixed deposit interest rates for a savings account.
  • Wealth management solutions are provided to Prime Savings Account holders by experts and professionals.
  • Customers can withdraw money from their savings account at any RBL bank branch in the country.
  • RBL Prime savings account customers can apply for fixed deposits via internet banking.
  • Customers with Prime Savings accounts receive complete monthly e-statements for all accounts.
  • Net Banking allows account holders to easily transfer funds using NEFT and RTGS.

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RBL Seniors First Savings Account

The RBL Seniors First Savings Account is designed to provide banking convenience to people over the age of 60. You can create an account at any RBL branch and begin making use of the scheme’s features and benefits straight away. Some of the key features of the Seniors First Savings Account are listed below:

  • Brokerage fees are reduced.
  • The scheme waives the account opening fee of Rs.750 and provides free demat services.
  • There is an option for online banking.
RBL Woman’s First Savings Account
  • The Woman’s First Savings Account was created to give women with free ATM access across India. Higher interest rates on deposits and other value-added services are among the highlights of this savings account strategy. The following are the key features of the Woman’s First Savings Account:
  • It provides a Woman’s First Debit Card that comes with Rs.2,500 in vouchers upon activation.
  • Reduced-cost healthcare services
  • All ATMs in India offer unlimited cash withdrawals.
  • On select brands, there are special offers and discounts.
  • You can also open a kid’s account with no balance.
  • During the first year, it is possible to rent a locker for a cheap fee.

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Digital Savings Account

One of the quickest and easiest ways to start a savings bank account online is to use this savings account strategy. Your PAN card and Aadhaar card are all you’ll need.

The following are some of the benefits of using RBL’s savings account scheme:

  • Instantaneous and without the use of paper
  • There are no penalties for failing to keep track of your balances.
  • Interest rates that are higher
  • Banking services are provided 24 hours a day, 7 days a week.
RBL Rise Savings Account

Individuals can choose the account number and receive high-interest rates with this account. There are other withdrawals and deposit limits available.

The following are some of the account’s primary features:

  • Extra withdrawal and deposit limitations are available.
  • If lockers are opened, a discount of up to 20% is available.
  • A one-year Zomato Pro subscription is supplied at no additional cost.
  • Individuals have the option of selecting their own account number.

Basic Savings Account

The following are some of the account’s primary features:

  • No requirement to maintain a minimum balance.
  • No fees for RTGS and NEFT transfers.
  • There are higher interest rates available.
  • To open an account, people must go to a bank branch.

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Eligibility for RBL Bank Account Opening

To open an RBL Bank savings account, you must be at least 18 years old and a permanent resident of India.

A monthly net salary of Rs.50,000 qualifies you for the Executive Plus Account.

Contact RBL bank for further information on the income requirements for additional savings accounts, as well as a complete list of eligibility requirements.

Documents Required for RBL Bank Account Opening

When applying for an RBL Bank Savings account, an applicant must present the following documents.

  • Two passport-size pictures and a fully completed application form are required.
  • Valid identification and address proof, such as a passport, PAN card, voter ID, driver’s licence, and Aadhaar card.
  • Hindu Undivided Families must submit a karta declaration, a PAN card, a form 60, and a specified HUF letter signed by all members of the family.
  • Salaried employees may be required to present a genuine authorisation letter from their employer as well as their pay stubs.

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Will there be any costs associated with SMS alert services?

Optional SMS alerts are available for a fee of Rs.15 every quarter, depending on the kind of savings account.

Will there be any fees if I use the RBL Net Banking interface to make an NEFT/RTGS transaction?

No, you can perform NEFT/RTGS transactions for free through RBL’s Internet Banking facility, which is available to all of its customers.

Keep your money in an RBL Basic Savings Account. What is the maximum number of transactions I can make?

An RBL classic debit card is available to all Basic Savings account members. The daily ATM withdrawal limit is Rs.50,000, and the PoS withdrawal limit is Rs.30,000

What is the Official Website for RBL Bank?

https://www.rblbank.com/ is the Official Website for RBL Bank

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