Advantage Savings Account
With an Advantage Savings Bank Account, you can choose your own account number.
You have a daily cash withdrawal limit of INR 1 lakh and a shopping limit of INR 2 lakhs daily.
Platinum Debit Card
A customer-oriented Debit Card, which supports your day-to-day financial transactions, and lets you withdraw cash without any limit.
Enjoy complimentary insurance of up to INR 5 lakhs.
Zero annual charges on this debit card.
Enhanced per day limit: ATM withdrawal of INR 1 lakh and POS of INR 2 lakhs.
Purchase protection of up to INR 25,000.
At RBL Bank, we are committed to provide you the best services and cater to all your banking needs. With our Advantage Savings Bank Account, you score extra benefits that make your banking experience great.
1. Special privileges:
Enjoy the benefit of relationship pricing, wherein, you get up to 15% off on Safe Deposit Lockers*. The discount is applicable only to one locker and the first account holder must be the locker holder. Additionally, the standing instruction must be issued using the Advantage Savings Account. Get an additional 25% discount on processing fee for Loan Against Property. Unlock various exciting offers and discounts on the usage of your Debit Card.
2. Insurance benefits:
With the Advantage Savings Bank Account, your Platinum Debit Card comes linked to insurance benefits.
|Insurance||Platinum Debit Card|
|Lost card Liability/Counterfeit||INR 1,00,000|
|Cash in Transit||INR 1,00,000|
|Purchase Protection||INR 25,000|
|Personal Accident – Air||INR 10,00,000|
|Personal Accident – Death||INR 5,00,000|
Claim is payable only if the card has been used for POS transactions at least once in the last 89 days. For terms and conditions, Click here
*Subject to locker availability
To apply for an Advantage Savings Bank Account, you must meet the requirements, similar to a regular savings account. You must, though, maintain your account with a minimum monthly amount.
In just a few easy steps, you can now apply online for an RBL Bank Advantage Savings Bank Account. To get started, you can also go to the RBL Bank branch that is closest to you.
Take advantage of relationship pricing, which saves you up to 15% on Safe Deposit Lockers. Only one locker is eligible for the discount, and the locker owner must also be the original account holder. The Advantage Savings Account must also be used to issue the standing instruction. Get a further 25% off the processing fee for a loan against property. Utilize your debit card to access a variety of fascinating discounts and deals.
***Savings Account Interest Rates
|Daily balance||Rate of Interest (p.a.) w.e.f. August 21, 2023|
|Upto INR 1 lakh||4.25%|
|Above INR 1 lakh upto INR 10 lakh*||5.50%|
|Above INR 10 lakh upto INR 25 lakh*||6.00%|
|Above INR 25 lakh and upto INR 2 Crore*||7.50%|
|Above INR 2 Crore and upto INR 3 Crore*||7.00%|
|Above INR 3 Crore upto INR 7.5 Crore*||6.50%|
|Above INR 7.5 Crore upto INR 25 Crore*||6.25%|
|Above INR 25 Crore upto INR 50 Crore*||6.25%|
|Above INR 50 Crore upto INR 100 Crore*||5.25%|
|Above INR 100 Crore upto INR 200 Crore*||6.00%|
|Above INR 200 Crore upto INR 400 Crore*||4.00%|
|Above INR 400*||6.75%|
* On daily balances in excess of INR 1 Lakh
With effect from April 1, 2016, the periodicity of payment of interest on Savings Bank Account has been changed to quarterly. Accordingly savings Bank interest calculated on daily product basis will be paid at quarterly intervals on 30th June, 30th September, 31st December & 31st March each year.
To understand the interest calculation with an example click here.
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