Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • RBL Bank Credit Card Cash Withdrawal

    RBL Bank offers the facility of cash withdrawal for its credit cardholders. This facility can be used during an emergency or to have a backup of cash flow in times of need. RBL Bank credit cardholders can opt for a cash withdrawal at any time.

    However, like other banks, RBL Bank charges a transaction fee when the cash advance facility is opted by a cardholder. This transaction fee will be added to the total withdrawal amount.

    RBL Bank Credit Card Cash Withdrawal Limit

    Like other banks, the cash withdrawal facility for RBL Bank credit card will come with a maximum limit. It is advised that you speak with a representative of the bank to know the maximum withdrawal limit on your RBL credit card.

    RBL Bank Cash Advance Fee

    RBL Bank will charge a cash advance fee or a transaction fee when you opt for a cash withdrawal from your credit card.

    A fee of 2.5% of the cash amount will be charged on your withdrawal transaction and will be subjected to a minimum amount of Rs.500.

    For example, if you wish to withdraw Rs.10,000 from your credit card, a transaction fee of Rs.250 will be added to the total value and then billed.

    Interest Charged on RBL Bank Cash Advance

    When a credit cardholder opts for a cash advance, interest will be charged on the total amount withdrawn. RBL Bank will be charging a certain rate of interest on the cash advance during the repayment tenure.

    However, since different credit card may carry different interest rates, it is advised that you get in touch with the bank through the RBL credit card customer care and enquire about the interest rate which will be charged on the cash withdrawal from the credit card.

    How to Withdraw Cash Using an RBL Bank Credit Card

    To make a cash withdrawal with your RBL credit card, here are the steps that need to be followed:

    • Visit any ATM of RBL Bank or any other bank.
    • Insert your credit card in the ATM card slot.
    • Select the language and choose the option of cash withdrawal.
    • Enter your PIN and the amount will be disbursed immediately.

    Important Notice – Making cash withdrawals from other bank ATMs may attract additional charges.

    Advantages and Disadvantages of RBL Bank Cash Advance Facility

    Advantages:

    • The process of making a cash withdrawal is simple.
    • No documentation or bank approval required.
    • Serves as a backup in times of emergencies.
    • Withdrawals can be made from all ATMs.

    Disadvantages:

    • An additional transaction fee is charged.
    • No interest-free period available.
    • Interest will be levied on the total amount withdrawn.

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