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.
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.
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) |
The Advantage Savings Account offered by the RBL Bank comes with several benefits. These are as follows:
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.
Internet Banking | Yes |
Mobile Banking | Yes |
Phone Banking | Yes |
Cheque Book | Yes, 10 leaves every month, free of cost. |
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 |
The current RBL Advantage Savings Account interest rate is up to 7.00% p.a. on balances above Rs.25 lakh.
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.
Yes, you can open your account online by visiting the RBL Bank’s website.
Yes, you can choose your own account number while opening your account.
You must maintain an Average Monthly Balance (AMB) of Rs.25,000 in your account.
Credit Card:
Credit Score:
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Home Loan:
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