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RBL Bank Advantage Savings Account


Bank RBL
Category Advantage Saving Account
MinimumBalance Requirement Average Monthly Balance (AMB) – Rs. 25, 000
Interest Rate 6.25% per annum
Card Offered ATM Debit Card (Domestic and International)

Services Offered by RBL Bank Advantage Savings Account

Internet Banking Yes
Mobile Banking Yes
Phone Banking Yes
Cheque Book Yes, 25 leaves every month, free of cost.

Features of RBL Advantage Savings Account

ATM Usage Free and unlimited access to RBL Bank and Visa ATMs in India (on maintenance of Rs. 25, 000 AMB) )
Online Money Transfer Transfer money within the country securely through RTGS and NEFT services, free of cost.
Accidental Death Cover Free cover for accidental death upto Rs. 5 lakhs
High Interest Rate Enjoy interest rate of 7.1% per annum for 10 lakh and above balance; 6.1% per annum on balance above Rs. 1 lakh
High Daily Transaction Limits Enjoy ATM withdrawal limit of Rs. 1, 00,000 and POS spending limit of Rs. 2, 00, 000 per day.
No Annual Fee No charges for domestic or international debit cards

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

Account Opening Amount / Average Monthly Balance Rs. 25, 000
ATM Related Charges
Card Issuance Fee Free of cost (domestic and international debit card)
Daily ATM Withdrawal Limit Rs. 1, 00, 000 (domestic and international card)
Annual Card Fee Free of cost for domestic and international card
Card Replacement Fee Rs. 50 for lost cards for domestic and international (Debit Card) Free for damaged cards for domestic and international (debit card)
Usage at RBL ATMs Free of cost
Usage of domestic VISA ATMs Free of cost
Usage charges of international VISA ATMs (Balance Inquiry) Rs 25 (for International Debit Card)
Usage charges at international VISA ATMs (Cash Withdrawals) Rs 25 ( for International Debit Card)
Clearing Charges
ECS Returns Rs 200 per instrument.
Charges for Fund Transfer within RBL Bank Free of cost for unlimited number of transactions
Collection of local cheque Free of cost
Outstation clearing (branch) 3 free transactions per month; 4th transaction onwards Rs. 50 per transaction
Outstation clearing (non-branch) 2 free transactions per month ; 3rd transaction onwards Rs. 50 per transaction
Charges for cheques deposited and returned due to financial reasons Rs 100 per instrument.
Charges for cheques deposited and returned due to technical reasons No charge
Charges for cheques Issued & Returned Rs. 350 for 1st instrument. Rs 500 for 2nd instrument onwards
Cheque Book Related Charges
Cheque book charges above free limit Rs 2 for each leaf for each instance.
Stop Payment Rs 50 per cheque (per instance).
Remittance Related Charges
RTGS and NEFT (Inward and Outward) Free of cost
Demand Draft charges (RBL branches) 10 free transactions. Rs. 50 per transaction from 11th transaction onwards
Demand Draft charges (non-RBL branches) 5 free transactions. Rs 50 transaction from 6th transaction onwards
Demand Draft Revalidation/ Cancellation charges Rs. 50 per instrument.
Duplicate Demand Draft Issue charges Rs 50 for each instrument.
Cash Related Charges
For Cash Deposit (at RBL Bank branches)
Free Limit Amounts up to Rs. 10, 00, 000 per month
Transaction charges above free limit Rs.1 per 1000 deposited, with minimum charge for each deposit being Rs. 25
Cash Withdrawal (any RBL branches)
Free limit Unlimited
Penal Charges
Non-maintenance of monthly balance (per month) If balance is more than 50% of AMB requirement, then 5% of the balance deficit If balance is 50% or less than AMB requirement, then 10% of balance deficit
Duplicate passbook charges Free of charge
Duplicate statement charges Free of charge
Monthly/ quarterly physical statement Free of charge
Balance Statement (for requests other than on 31st March) Rs. 25 per request
Confirmation of Interest certificate Rs. 25 per request
Duplicate Tax Deductible at Source (TDS) certificate Rs. 25 per instrument
Failure/Modification to standing instructions Rs. 50
Online payment of taxes charges Free of cost
Old cheque copy Rs. 50 per instance
Paid cheque report Rs. 50 per instance
SMS Services (optional) Free of charge
Closure of Account Closure within 14 days of first account being opened- Free Closure after 14 days but within 6 months of account being opened- Rs. 500
Photo attestation Rs. 50 for each instance
Verification of signature Rs. 50 for each instance

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