Advantage Savings Account
To earn higher interest rates on your savings account, our Advantage Savings Account is the best option. If you want easy access to funds, premium banking services and the freedom to choose your own account number, then look no further!
Earn up to
*T&C Apply
Key Benefits
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.
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Enjoy complimentary insurance of up to INR 10 lakhs.
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Zero annual charges on this debit card.
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Enhanced per day limit: ATM withdrawal of INR 1 lakh and POS/Ecom of INR 2 lakhs.
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Purchase protection of up to INR 25,000.
Nucleus
Your Banking Needs, Perfectly Bundled!
A perfectly designed savings account product offering, which offers NMC (Non- Maintenance charges) waiver to customers holding additionally 1 or more RBL Bank products.
***Savings Account Interest Rates
| Daily balance | Rate of Interest (p.a.) Effective from June 16, 2025 |
|---|---|
| Upto INR 5 lakh | 3.00% |
| Above INR 5 lakh upto INR 10 lakh | 5.00% |
| Above INR 10 lakh upto INR 25 lakh | 6.00% |
| Above INR 25 lakh upto INR 3 Crore | 6.75% |
| Above INR 3 Crore upto INR 7.5 Crore | 6.00% |
| Above INR 7.5 Crore upto INR 200 Crore | 5.50% |
| Above INR 200 Crore upto INR 400 Crore | MIBOR* |
| Above INR 400 Crore upto INR 500 Crore | MIBOR* + 10 bps |
| Above INR 500 Crore | MIBOR* + 75 bps |
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*MIBOR is overnight MIBOR rate (Mumbai interbank offered rate).
*MIBOR is overnight MIBOR rate (Mumbai interbank offered rate).
Note:
- Starting May 01, 2025, interest in Savings Bank Accounts is paid monthly instead of quarterly. The interest is calculated daily and is credited to customers’ accounts on the last day of each month.
- The Bank calculates Savings Interest based on the actual number of days in a year. If your savings span both a leap year and a non-leap year, the interest is calculated accordingly: 366 days for a leap year and 365 days for a non-leap year.
- Starting May 01, 2025, the Savings Account interest rate is calculated using a progressive slab method and paid to customers based on the applicable interest rate.
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