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RBL Bank Zero Balance Savings Account, Features, Interest Rates

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RBL Bank Basic Savings Account – Enjoy High-Interest Rate Savings, Free transfer of funds using NEFT & RTGS. Fast, Convenient & Secure way to open an account Online. Just Provide your Aadhaar & PAN.

As Per RBI guidelines, each bank should provide BSBDA and small accounts.

The Notion of these two types of bank account is to connect the unbanked sections of society into the formal banking space.

RBL Bank Basic Savings Account designed to provide basic privileges such as absolutely a Free Rupay Card to conduct cashless transactions 24×7, Cheque book, Unlimited transactions at RBL Bank’s ATMs, Higher interest rates on Savings Account, Simple & Convenient banking through MoBank & Internet Banking, and Many More.

RBL Bank Zero Balance Savings Account
RBL Bank Zero Balance Savings Account

About RBL Bank

RBL Bank is rated India’s Best Bank by A Business Today and KPMG Study. The Bank offers specialized services under six business verticals to be specific: Development Banking and Financial Inclusion, Corporate & Institutional Banking, Treasury and Financial Markets Operations, Commercial Banking, Branch and Business Banking, Retail Assets. At present administrations over 8.76 million clients through an organization of 398 branches, 1,219 business reporter parts (of which 254 financial sources), and 402 ATMs spread across 28 Indian states and Union Territories.

RBL Bank Listed in Top NSE and BSE exchange in India

RBL Bank, previously known as Ratnakar Bank as a regional bank in the state of Maharashtra during August 1943, is one of the leading private sector banks in India whose headquarters is located in Mumbai. It was giving a financial boost to small and medium enterprises (SMEs) and business owners who were located in Kolhapur – Sangli belt.

Features for RBL Bank Basic Saving Accounts

Transactions Limitation is free at RBL Bank’s ATMs.

Enjoy a cash withdrawal limit of Rs. 50,000 for ATM & Rs. 30,000 for POS with absolutely a Free Rupay Card.

Start Free fund transfers through NEFT and RTGS

Higher Interest rates Up to 6.5% on Savings Account.

You can access your Account throughout any of the RBL Branches in India.

Benefits of RBL Bank Basic Savings Accounts

The advantage of free payable at par cheques – 2 checkbooks per annum (40 Leaves).

Your Money will grow faster with Higher Fixed Deposit Rates, including tax savings deposits.

SMS Banking & Alerts | E-Statement | Internet Banking | Online Bill Payment Services | Phone Banking | Mobile Banking.

No Charge for Damaged Card Replacement.

The process to Apply for Zero Balance Basic Saving Account in RBL Bank.

An individual Resident Indian & Indian National can open Basic Saving Account only by visiting any of the RBL Bank branches.

Valid  Aadhaar and PAN.

The registered mobile number linked with the Aadhaar number.

Not having an existing Savings Account or Fixed Deposits with RBL Bank.

Zero Balance Saving Account with RBL Bank
Zero Balance Saving Account with RBL Bank

FAQs on Zero Balance RBL Basic Saving Account

  1. Is there I need to maintain a minimum average balance in the RBL Basic Saving Account?

No. For most savings bank accounts, a penalty may be levied if the account fails to have the minimum daily balance. No pressures to maintain a minimum balance.

  1. How can I open the RBL Basic Saving Account?

A resident of Indian & Indian National. Just keep your valid Aadhaar and PAN Using the mobile number linked with the Aadhaar number. Basic Saving Account will be opened by your nearest RBL Bank branches only.

  1. How many withdrawals can I make with no charge With an ATM?

No limit on the number of ATM withdrawals at  RBL Bank ATM. Transactions at other Banks’ ATMs are charged from For Metro & Urban: 5 free p.m & For Semi-Urban & Rural: 10 free p.m

  1. How do I transfer funds through RBL Basic Saving Account?

Transfer money through your account by using NEFT, IMPS, and UPI modes to transfer money through your account.

Zero Balance Saving Account with RBL Bank
Zero Balance Saving Account with RBL Bank
Savings Account Interest Rates are determined by banking policy norms and guidelines.

RBL Bank Basic savings account offers interest rates @ 6.75 % p.a. on balances > Rs. 3 Cr up to Rs. 5 Cr, 6.75% p.a. on balances > Rs. 10 Lacs and up to Rs. 3 Cr; 6.00% p.a. on balances > Rs. 1 Lac and up to Rs. 10 Lac and 4.75 % p.a. on balances up to Rs. 1 Lac on a daily balance basis. For balances above Rs. 5 Cr. The mentioned rates will apply on the whole balance above Rs. 1 Lac, as per the given slabs, and 4.75 % p.a. is the initial rate of the first Rs. 1 Lac balance will earn.

Any updated RBI Mandated charge/regulations will supersede the published charges, and All Charges are in INR (Rupees)

For more updates contact your Relationship Manager / Branch Manager.

Please do click to see the details of fees and charges here

Please do click to reach the RBL Bank customer care center.

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