Nucleus - 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. The Product and the criteria logic are as follows.
Current Account Product Holding Logic:
| Product | Logic |
|---|---|
| CMS | Customer active with a CMS Product |
| API Banking | 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** |
| Home Loan | Active HL >= INR 50 Lakh & EMI of the loan to be deducted from the RBL Bank Account |
| LAP- Loan Against Property | Active LAP >= INR 50 Lakhs & EMI of the loan to be deducted from the RBL Bank Account |
| Business Loan | Active BL >= INR 25 Lakh & EMI of the loan to be deducted from the RBL Bank Account |
| Trade Forex | Customer with throughput Per Month (Sell/Buy) >= INR 10 Lakh |
| Working Capital Finance | Active Customers with WCF >= INR 25 Lakhs |
** The product offer is not valid for QR/Sound Box/NFC
Here Active Product is considered as Successful registration and utilization of the Product.
Savings Account Product Holding Logic:
| Product | Logic |
|---|---|
| Fixed Deposit | Total FD relationship of INR 10 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 |
| Systematic Investment Plan (SIP) | Single SIP of INR 10k monthly deducted from RBL Bank Account |
| Mutual Fund | 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 |
| Loan Against Property (LAP) | Active LAP >= INR 50 Lakhs & EMI of the loan to be deducted from the RBL Bank Account |
| Life Insurance (LI) | Premium 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 |
The offer is only applicable on the below-mentioned product variants for NTB Mass Segment Customers only.
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Current Account - Exceed Extra Current Account - CAEXB (MAB INR 50,000 Variant)
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Savings Account - Advantage Savings Account - SBPSA (MAB INR 25,000 Variant)
Note:
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Please note that the Non-Maintenance Charges will only be waived if the customer meets the abovementioned criteria. If any of the criteria are not met the customer will not qualify for the waiver in the non-maintenance charges.
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The offer is not valid for Segment Customers as the segments already have a TRV concept.
