RBL Bank Savings Account

RBL Bank offers four different types of savings accounts to cater to the needs of different customer requirements. Below are the savings account schemes offered by RBL Bank.

1. Advantage Savings Account

Designed to offer maximum benefits and a completely hassle-free banking experience, Advantage Savings Account offers an array of benefits that will delight the account holder.

1. Customers are offered the flexibility to choose the account number.
2. Account holders also get a complimentary accidental death cover worth Rs.5 lakhs with Advantage Savings account.
3. Customers get a Platinum Master Card Debit Card with high shopping and cash withdrawal limits.
4. Up to 15% discount is provided for safe deposit lockers. Customers also get access to Platinum Concierge Services, as powered by Visa.
5. For loan against property, Advantage Savings account holders are offered a 25% discount on processing fee.

2. Prime Edge Savings Account

Some of the main features of the Prime Edge Savings Account are mentioned below:

1. Higher interest rates are offered.
2. Individuals can open an account online,
3. Bill payments can be made online.
4. Access to a large number of insurance and investment products are offered.

3. Executive Salary Account

A salary account that doubles up as a prime savings account, executive salary account will offer you a suite of customer-centric features.

1. Executive Salary Account is a zero balance savings account - no pressures to maintain a minimum balance.
2. Get advice on wealth management from an experienced team of professionals.
3. With the free debit card, get unlimited access to other banks Automated Teller Machines (ATMs) and also enhanced ATM withdrawal limits.
4. Get free demand draft and payable at par cheques.
5. Other advantages include phone and mobile banking, e-statements, online bill payment services and RBL net banking facilities.

4. Prime Savings Account

A scheme that offer the best fixed deposit interest rates for a savings account, Prime Savings account also offers an array of variants to meet your needs.

1. Prime Savings Account holders get wealth management solutions, specially offered by experts and professionals.
2. Customers have the flexibility to access their savings account from any RBL bank branch across the country.
3. Through internet banking, RBL Prime savings account holders can apply for fixed deposits.
4. Prime Savings account customers are offered complete monthly e-statements for all accounts.
5. Account holders can easily transfer funds using National Electronic Fund Transfer (NEFT) and Real Time Gross Settlement (RTGS) facility through Net Banking.

5. RBL Seniors First Savings Account

RBL Seniors First Savings Account is designed to facilitate customers above the age of 60 years with the comfort of banking. You can open the account at any of the RBL branches and start enjoying the features and benefits of the scheme right away. Given below are some of the salient features of Seniors First Savings Account:

1. Discount on brokerage charges
2. Account opening charges of Rs.750 waived off under the scheme
3. Free demat services
4. Online banking facility is offered.

6. RBL Woman's First Savings Account

The Woman's First Savings Account was launched to provide women free access to ATM services throughout India. The key offerings under this savings account plan include higher interest rates on deposits and other value-added services. Below is a listing of the main features of a Woman's First Savings Account:

1. It offers a Woman's First Debit Card that comes with vouchers worth Rs.2,500 upon activation
2. Healthcare services at reduced rates
3. Unlimited cash withdrawal in all ATMs across India
4. Offers and discounts on certain brands
5. You can also open a zero-balance kid's account
6. Allows to rent a locker for low charges during the first year

7. Digital Savings Account

Availing of this savings account scheme is one of the fastest and most convenient ways to open a savings bank account online. All you need is your Permanent Account Number (PAN) card and Aadhaar Card.

Some of the features of availing this savings account scheme from RBL are:

1. Instant and paperless
2. No charges are levied on the non-maintenance of balances
3. Higher interest rates
4. Banking facilities available 24x7

8. RBL Rise Savings Account

Under this account, individuals are offered high interest rates and can choose the account number. Additional withdrawal and deposit limits are offered.

Some of the main features of the account are mentioned below:

1. Additional withdrawal and deposit limits are offered
2. In case lockers are opened, discount of up to 20% is offered
3. Zomato Pro membership is provided for one year at no additional charges
4. Individuals can choose the account number

9. Basic Savings Account

Some of the main features of the account are mentioned below:

1. No minimum balance needs to be maintained
2. No charges are levied for transfers via RTGS and NEFT
3. Higher interest rates are offered
4. Individuals must visit the bank branch to open an account

Eligibility for RBL Bank Savings Account:

1. To apply for a RBL Bank savings account, the applicant must be above 18 years of age and must be a resident Indian.
2. The eligibility for Executive Plus Account is net salary of Rs.50,000 per month.
3. For the income criteria for other savings account and for comprehensive information on eligibility criteria, contact RBL bank.

Documentation for RBL Bank Savings Account:

An applicant must submit the following documents when applying for a RBL Bank Savings account.

1. Two passport size photographs and completely filled application form.
2. Valid address and ID proof which includes documents like passport, PAN card, Voter ID, driving license and Aadhaar card.
3. Hindu Undivided Families must submit declaration from the Karta, PAN card, form 60, prescribed HUF letter signed by all holders.
4. Salaried employees might be asked to submit bonafide authorization letter from the employer and salary slips.