RBL Bank Advantage Savings Account

The RBL Bank Advantage Savings Account is a special type of savings account for people who want to earn more interest and enjoy extra banking benefits. It offers a high interest rate of up to 7.00% p.a. for account balances above Rs.25 lakh.  

Updated On - 18 Sep 2025
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What is an RBL Bank Advantage Savings Account?  

RBL Bank Advantage Savings Account offers high interest rates, unlimited ATM access, and free online transfers. It also includes a free debit card, accidental death cover, and other value-added services.

Overview of RBL Bank Advantage Savings Account

Bank

RBL

Category

Advantage Saving Account

MinimumBalance Requirement

Average Monthly Balance (AMB) – Rs. 25, 000

Interest Rate

7.00% p.a.

Card Offered

Platinum Debit Card (Domestic and International)

Benefits of Advantage Savings Account 

The Advantage Savings Account offered by the RBL Bank comes with several benefits. These are as follows: 

1. Platinum Debit Card:  

  1. You can get up to the insurance of Rs.10 Lakh. 
  1. There are no annual charges for the debit card. 
  1. You can get coverage up to Rs.25,000 for items bought with the Platinum Debit Card if they are lost, stolen, or damaged. 
  1. You can withdraw up to Rs.1 lakh per day from ATMs and make purchases up to Rs.2 lakh per day. 

2. Insurance Facilities:  

You can get insurance benefits with your Platinum Debit Card. These are given below in a table format: 

Insurance Coverage 

Amount  

Purchase Protection  

Rs.25,000 

Personal Accident (Death)  

Rs.5,00,000 

Air Travel Personal Accident  

Rs.10,00,000 

Lost Card or Fraudulent Transaction  

Rs.1,00,000 

Cash in Transit  

Rs. 1,00,000 

Loss of Passport and Travel Documents  

Rs. 10,000 

Delay of Checked-in Baggage 

Rs.10,000 

Loss of Checked-in Baggage 

Rs.25,000 

Note: The above-mentioned insurance claims are only applicable if the card has been used for POS transactions at least once in the last 90 days. 

3. Additional Benefits 

  1. Up to 15% off on deposit lockers: You can get a discount of up to 15% on safe deposit lockers. This discount is available to the first account holder who rents a locker, and they must also set up automatic payments from their Advantage Savings Account to pay for it. 
  1. Discount of 25% on Loan Against Property Fees: An individual can avail themselves of a discount of 25% on the processing fees for a Loan Against Property. It helps in reducing the cost of loan service. 

Services Offered by RBL Bank Advantage Savings Account:

Internet Banking

Yes

Mobile Banking

Yes

Phone Banking

Yes

Cheque Book

Yes, 10 leaves every month, free of cost.

Fees & Charges (Standard Charges) on RBL Advantage Savings Account:

Given below are charges for the RBL Bank Advantage Savings Account: 

Category 

Charges 

Average Monthly Balance (AMB)  

Rs.25,000 

Non-Maintenance Charges  

Up to Rs.500 per month 

ATM Withdrawals (RBL Bank ATMs)  

Free 

ATM Withdrawals (other bank ATMs)  

five free transactions per month, then Rs.23 (for financial), Rs.9.5 (for non-financial) 

Cash Deposit  

Free up to Rs.6,00,000/month, then Rs.3 per Rs.1,000 (minimum Rs.100) 

Cash Withdrawal  

Free 

Inward/outward NEFT/RTGS  

Free 

Outward NEFT/RTGS (Branch)  

Free 

Demand Drafts (Per Month)  

Free 15 per month, then Rs.50 per transaction 

FAQs on RBL Bank Advantage Savings Account

  • What is the current interest rate of interest on the RBL Bank Advantage Savings Account?

    The current RBL Advantage Savings Account interest rate is up to 7.00% p.a. on balances above Rs.25 lakh.

  • What are the daily limits for the debit card linked to the RBL Bank Advantage Savings Account?

    The limit for ATM withdrawals is Rs.1 lakh per day and the limit for shopping or online transactions is Rs.2 lakh per day. 

  • Can I open the RBL Bank Advantage Savings Account online?

    Yes, you can open your account online by visiting the RBL Bank’s website.

  • Can I choose my own account number in RBL Bank Advantage Savings Account?

    Yes, you can choose your own account number while opening your account. 

  • What is the minimum average balance required for the RBL Bank Advantage Savings Account?

    You must maintain an Average Monthly Balance (AMB) of Rs.25,000 in your account.

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