Highlights
|
Bank |
RBL |
|
Category |
Prime Edge Savings Account |
|
Minimum Balance Requirement |
Average Monthly Balance (AMB) – Rs. 10, 000 |
|
Interest Rate |
5.1% per annum |
|
Card Offered |
ATM Debit Card (Domestic and International) |
Services Offered by RBL Bank Prime Edge Savings Account
|
Internet Banking |
Yes |
|
Mobile Banking |
Yes |
|
Phone Banking |
Yes |
|
Cheque Book |
Yes, 40 leaves every quarter, free of cost. |
Features of RBL Bank Prime Edge Savings Account
|
ATM Usage |
Free and unlimited access to RBL Bank and Visa ATMs in India (on maintenance of Rs. 10, 000 AMB) ) |
|
Online Money Transfer |
Transfer money within the country securely through RTGS and NEFT services, free of cost. |
|
Healthcare Benefits |
Avail discounts between 10 to 20% on hospitalisation and preventive tests |
|
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. 50,000 and POS spending limit of Rs. 2, 00, 000 per day. |
|
Low Annual Fee |
Pay just Rs. 150 per year towards card fees |
Fees & Charges (Standard Charges) on RBL Prime Edge Savings Account
|
Account Opening Amount / Average Monthly Balance |
Rs. 10, 000 |
|
ATM Related Charges |
|
|
Card Issuance Fee |
Free of charge for domestic card (Debit Card) Rs. 150 for international card (Debit Card) |
|
Daily ATM Withdrawal Limit |
Rs. 50, 000 (domestic and international card) |
|
Annual Card Fee |
Rs. 150 (for domestic and international card) |
|
Lost Card Replacement Fee |
Rs. 50 for domestic and international (Debit Card) |
|
Damaged Card Replacement Fee |
Free for damaged cards for domestic and international (debit card) |
|
Usage at RBL ATMs |
Free of charge |
|
Usage at domestic VISA ATMs |
Free of charge |
|
International VISA ATMs Usage charges (for Balance Inquiry) |
Rs 25 per transaction (for International Debit Card) |
|
International VISA ATM Usage charges (for cash withdrawal) |
Rs 25 per transaction ( for International Debit Card) |
|
Clearing Charges |
|
|
ECS Returns |
Rs 200 for each instrument. |
|
Charges for Fund Transfer within RBL Bank |
Unlimited transactions at no charge |
|
Collection of local cheque |
Free of charge |
|
Outstation clearing (branch locations) |
2 free transactions every month; 3rd transaction onwards Rs. 50 per transaction |
|
Outstation clearing (non-branch) |
1 free transaction every month ; 2nd transaction onwards Rs. 50 per transaction |
|
Charges for cheques deposited and returned due to financial reason |
Rs 100 for each instance. |
|
Charges for cheques deposited and returned due to technical reason |
Free of cost |
|
Charges for cheques Issued & Returned |
Rs. 350 for 1st cheque. 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 instrument for each instance |
|
Remittance Related Charges |
|
|
RTGS and NEFT (Inward and Outward) |
Free of charge |
|
Demand Draft charges (RBL branches) |
5 free transactions. 6th transaction onwards Rs. 50 for each transaction. |
|
Demand Draft charges (non-RBL branches) |
5 free transactions. 6th transaction onwards Rs. 50 for each transaction. |
|
Charges for Duplicate Demand Draft Issue |
Rs. 50 for each instrument. |
|
Charges for Demand Draft Revalidation/ Cancellation |
Rs 50 for each instrument. |
|
Cash Related Charges |
|
|
For Cash Deposit (at RBL Bank branches) |
|
|
Free Limit |
Amounts up to Rs. 5, 00, 000 per month |
|
Transaction charges above free limit |
Rs.1 per 1000, 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 Not to exceed Rs. 500 per month |
|
Miscellaneous |
|
|
Duplicate passbook charges |
No charges |
|
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 |
|
Charges for Online payment of taxes |
Free of charge |
|
Old cheque copy |
Rs. 50 for every instance |
|
Paid cheque report |
Rs. 50 for every 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 every instance |
|
Verification of signature |
Rs. 50 for every instance |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
