Woman's First Savings Account
Woman's First Savings Account
Specially designed Savings Account exclusively for women – special benefits including preferential locker pricing, zero balance kid’s account, lifestyle benefits, higher savings account interest rates and more!
Earn up to


Key Benefits
Get welcome discount offers worth INR 2,500, complimentary insurance up to INR 10 lakhs and enhanced ATM withdrawal and POS limits on Woman's First Debit Card.
Open a kid’s account, having zero balance requirement, subject to minimum standing instruction of INR 500.
Exclusive health care benefits with our complimentary Medibuddy membership.
Our safe deposit and easy access lockers provide the ultimate security for your valuables. Get a 10% discount on your first-year locker rentals.
**Only one zero balance Kid’s Saving Account is allowed.
^Subject to locker availability
Woman’s First Debit Card
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Health benefits and medical concierge services at discounted rates.
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Free cash withdrawal at RBL Bank ATMs.
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Year-round offers and discounts on your favorite brands^.
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Unlimited offers and coupons on shopping, food, entertainment, health, wellness, and many more.
^T&C Apply

Complimentary Card Insurance
You are insured against loss of life in an air accident for up to INR 10,00,000.
You are insured against loss of life in an accident up to INR 5,00,000.
In case of robbery, while money is in transit from any ATM/Bank to the destination, cover up to INR 1,00,000.
If your card is lost or stolen, you hold no liability in case of any misuse up to INR 1,00,000.
To protect your purchases and e-purchases, you are insured for up to INR 25,000.
Insurance up to INR 25,000.
Insurance up to INR 10,000.
Insurance up to INR 10,000.
This account can be opened by any resident Indian woman who is at least 18 years old.
Your woman's savings account must have a minimum balance of INR 10,000.
Interest will be calculated daily based on the account’s end-of-day balance and credited to the customer’s account on the last day of each month.
The woman's first savings account can indeed have a nominee designated for it. Whether the account is held solely or jointly, you may designate one nominee. The parent or legal guardian may make the nomination on the minor's behalf if it is their account. By completing the Nomination Form required by the Banking Companies (Nomination) Rules of 1985, you are able to replace the nominee at any time.
To ensure that your child can manage their finances responsibly as adults, it is always a good idea to start a savings account for them. The fact that you can open a Zero Balance Kid's Account with RBL Bank is the finest aspect.
The Woman's First Debit Card does have an annual cost; it is INR 500.
You may indeed open. The only prerequisite is that a resident woman above the age of 18 must submit the initial application.
The fact that there are no restrictions on how many withdrawals you can make from RBL Bank ATMs when you have a woman's first savings account is one of its benefits.
Yes. Get your savings account balance by simply calling 18004190610 from your registered cellphone number. As an alternative, you can get more information about your account and complete transactions using the RBL Bank mobile app.
RBL Bank is an ISO-Certified company, and we take every precaution to keep your account secure. To maintain effective operating controls, we have layered perimeter security and monitoring. Only you can access your account thanks to security measures like two-factor authentication, which sends a one-time password (OTP) to your registered cell phone number. You should take some security measures, such as keeping passwords private and installing antivirus software on both your computer and mobile device.
***Savings Account Interest Rates
Daily balance | Rate of Interest (p.a.) Effective from June 16, 2025 |
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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 |
*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.