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Nucleus 2.0 - Your Banking Needs, Perfectly Bundled!

Product Construct:

Any Current and Savings Account customer having 1 or more product holding (Apart from the Current and Savings Account) will not be charged NMC (Non-Maintenance Charges) even if the MAB is not maintained in the account. The NMC waiver will be offered only on select products meeting certain criteria.

Current Account Variant - Exceed Extra (MAB INR 50,000), Exceed Express (MAB INR 1,00,000) & Exceed Elite (MAB INR 2,00,000)

Savings Account Variants - Advantage Account (MAB INR 25,000) & RISE Account (MAB INR 50,000)

The Product and the criteria logic are as follows.

Current Account and its Product Logic:

Product Existing Logic Revised Logic
CMS Customer active with a CMS Product Customer active with a CMS Product
API Banking Customer active with the API Banking product Customer active with the API Banking product
POS The settlement collection (GMV - Gross Monthly Value) in the account through EDC POS Machine for the month should be greater than INR 2.5 Lakhs** The settlement collection (GMV - Gross Monthly Value) in the account through EDC POS Machine for the month should be greater than INR 2.5 Lakhs**
Home Loan Active HL ≥ INR 50 Lakh & EMI of the loan to be deducted from the RBL Bank Account Active HL & EMI of the loan to be deducted from the RBL Bank Account
LAP - Loan Against Property Active LAP ≥ INR 50 Lakh & EMI of the loan to be deducted from the RBL Bank Account Active LAP & EMI of the loan to be deducted from the RBL Bank Account
BL - Business Loan Active BL ≥ INR 25 Lakh & EMI of the loan to be deducted from the RBL Bank Account Active BL & EMI of the loan to be deducted from the RBL Bank Account
Trade Forex Customer with throughput Per Month (Sell/Buy) ≥ INR 10 Lakh Customer with throughput Per Month (Sell/Buy) ≥ INR 5 Lakh
Working Capital Finance Active Customers with WCF ≥ INR 25 Lakh Active Customers with WCF Loan
Fixed Deposit NA Total FD relationship INR 5 Lakhs or more & tenure of 1 year or more

**The product offer is not valid for QR/Sound Box/NFC.

Savings Account and its Product Logic:

Product Existing Logic Revised Logic
Fixed Deposit Total FD relationship of INR 10 Lakhs or more & Tenure of 1 year or more Total FD relationship of INR 2 Lakhs or more & Tenure of 1 year or more
Recurring Deposit (RD) / Smart Deposit (SD) Single RD/SD of INR 10K monthly & Tenure of 2 years or above Single / Multiple RD/SD with a total of INR 10K monthly & Tenure of 2 years or above
Systematic Investment Plan (SIP) Single SIP of INR 10K monthly deducted from RBL Bank Account Single / Multiple SIP with a total SIP of min. INR 10K deducted from RBL Bank Account
Mutual Fund Lumpsum investment of INR 2,00,000 or more in the last 12 months Lumpsum investment of INR 2,00,000 or more in the last 12 months
Home Loan Active HL ≥ INR 50 Lakh & EMI of the loan to be deducted from the RBL Bank Account Active HL & EMI of the loan to be deducted from the RBL Bank Account
Loan Against Property (LAP) Active LAP ≥ INR 50 Lakh & EMI of the loan to be deducted from the RBL Bank Account Active LAP & EMI of the loan to be deducted from the RBL Bank Account
Life Insurance (LI) Premium of INR 30,000 or more in the last 12 months paid from RBL Bank Account Premium of INR 30,000 or more in the last 12 months paid from RBL Bank Account
Credit Card Active with one transaction in a month & minimum spend value of INR 10,000 Active with one transaction in a month & minimum spend value of INR 10,000

The offer is only applicable on the above-mentioned product variants for NTB Mass Segment Customers only.

** The product offer is not valid for QR/Sound Box/NFC.

Here Active Product is considered as Successful registration and utilization of the Product.

Note:

  • Please note that the Non-Maintenance Charges will only be waived if the customer meets the above-mentioned criteria. If any of the criteria are not met the customer will not qualify for the waiver in the non-maintenance charges.

  • The offer is not valid for Segment Customers as the segments already have a TRV concept.