RBL Bank Savings Account

Last Updated : Feb. 24, 2025, 3:50 p.m.

The RBL bank is one of the few pre-independence banks that has maintained high standards of services. Founded as a small regional bank in Maharashtra in 1942 to help the locals and encourage more savings, it was named the Ratnakar Bank Limited. The bank changed its status to a scheduled commercial bank in 1959 and has successfully partnered with India for the last 80 years with tailored product suites and loan solutions for all economic sectors. Headquartered in Mumbai, RBL Bank today has 558 branches and 411 ATMs in the country, offering services like banking, credit cards, loans, insurance, NRI accounts, investment, finance market, mobile and internet banking, etc. Let us take a look at the RBL Bank Savings Account and their benefits.

RBL Bank Savings Account Interest Rates 2026

The RBL Bank Savings Account Interest Rates are:

Types of RBL Bank Savings Account

Go Account:

• Simple and best zero balance account operated online.
• Free Premium Go Debit Card.
• ATM Usage is free at all RBL Bank ATMs for life.
• 1 free credit report per year.
• Insurance protection for free including free cyber insurance over ₹ 1lakh in the first year.
• Joining fee of ₹1,999+GST and renewal of ₹599 +GST p.a.

Digital Savings Account- Prime

• Instant and paperless account opening
• Virtual debit card
• Low average monthly balance ₹5,000 which can be zero if you have an SIP or RD of just ₹2,000
• Anywhere convenient banking
• Easy bill pay options

RBL Rise Savings Account

• 20% off on Safe Deposit Locker.
• Average monthly Balance ₹50000.
• Choose your account number.
• Free insurance of up to ₹1 Cr.
• Premium banking and preferential pricing on loan.
• High ATM limit of ₹1 lakh and POS of ₹2 lakh.
• Free ATM transactions on bank and non-bank ATMs.
• Crest credit card with maximum benefits for just ₹1200 + GST.

Advantage Saving Account

• The monthly average balance is ₹25,000 only.
• Freedom to choose your own account number.
• Platinum debit card with insurance of up to ₹10 lakh and other insurance benefits.
• No annual charges on debit card.
• 15% on lockers.
• 25% on processing fees with a loan against property.

Woman’s First Savings Account

• The minimum balance is as low as ₹10,000.
• Only for women above the age of 18 years.
• Unlimited free ATM transactions at RBL ATMs.
• Zero balance kid’s account.
• Welcome discount offers of ₹2500.
• Insurance of up to ₹10 lakh on Woman’s First Debit Card.
• Complimentary Medibuddy Membership.
• 10% on first-year locker rental.
• Insurances for Air Accident, Personal Accident, Lost Card Liability, Personal Accident Insurance. Purchase Protection, Loss of Passport, travel documents and so much more.

Seniors First Savings Account

• 25% on Lockers for the first year.
• Exclusive health care benefits with free Medibuddy membership.
• Free online transactions.
• Premium ATM card.
• BillPay for easy, and secure utility bill payments.
• On call banking.
• Eligible for Indian Nationals who are 60 years and above.
• The monthly average balance is ₹5000.
• High interest rates with Gain4Sure FDs and waiver of premature penalty.

Pride Edge Savings Account

• Insurance cover of up to ₹2.5 Lakhs.
• Unlimited transactions at RBL Bank ATMs.
• Premium Classic Debit card.
• Access to investment and insurance products and services.
• Average Monthly Balance of ₹10,000.

Prime Savings Account

• Premium ATM card with free insurance.
• Free payable-at-par chequebook per quarter for flexible banking.
• Internet, mobile, and ATM banking are free.
• AMB is ₹5000 for semi-urban areas and ₹2500 for rural areas.
• Daily cash withdrawal limit of ₹50000.

Plus Savings Account

• Zero balance account
• 27 free banking services
• Insurance cover of ₹10 lakhs free
• 15% off on safe deposit lockers
• Exclusive account for loan customers
• Platinum debit card with enhanced per-day use limit
• Instant debit card pin generation through SMS on the registered mobile number

Savings Accounts for Loan Against Gold

• Doorstep banking
• A range of debit cards to choose from
• Easy utility bill payment.

Basics Savings Account

• Free Rupay Debit Card
• Digital banking access
• Unlimited free RBL Bank ATM usage with a maximum withdrawal of ₹50,000 in a day
• Zero balance savings accounts
• Two free chequebooks of 40 leaves per year
• Free 5 cash withdrawals from any domestic ATM
• Higher FD rates
• Free card replacement for a damaged card.

Open NEXT Salary Account

• Complimentary lounge access at domestic airports
• Account acing using MoBank.
• High interest rates.
• Executive Salary Account.
• Zero balance account.
• Visa Classic debit card.
• Direct tax payment.
• Net monthly salary is between INR 20,000 to INR 49,999 for empanelled corporates.

Executive+ Salary Account

• Zero balance account.
• Unlimited free ATM access to all bank ATMs.
• Platinum Debit Card with discount offers worth ₹2500.
• Net salary credit should be a minimum of ₹50,000 for empanelled corporates.
• NEXT Salary Account.
• Higher interest rate.

Zero balance account

• Can be used for family banking programs by integrating the personal account of one more family member.
• Invest, avail loans, and pay bills directly through digital banking.
• Next Debit card with withdrawal limit of ₹1,50,000.
• 1 free domestic lounge access per quarter.
• POS limit of ₹3,50,000.
• Complimentary insurance of ₹1 Cr.
• Net monthly salary credit should be greater or equal to ₹75,000 and corporates should be empanelled.

RBL Bank Savings Account Features & Benefits

• RBL Bank savings accounts come with many attractive features and benefits.
• Preferred banking programs with Insignia Preferred Banking, Signature Banking and Aspire Banking offering personalized services.
• Easy access to all your finances 24x7.
• Most profitable liquid investments.
• Debit cards come with countless offers including cashless transactions, internet banking, and mobile banking.
• Minimum balance requirements and zero balance accounts.

Documents Required for RBL Bank Savings Account

• Passport-size photos with the application form.
• Address and ID proof such as Passport, PAN card, Voter ID, driving license, Aadhaar Card , government-issued card, NEGRA employment card, corporate documents etc.
• In case of HUF accounts, a Karta declaration needs to be submitted along with a PAN Card, Form 60, Hindu Undivided Families letter signed by all holder.
• Salary slips and authorization letters from the employer.

What is the Minimum Balance for an RBL Bank Savings Account?

Minimum balance by account type:-

• Prime Savings Account: The minimum balance is ₹5,000 in metro and urban areas, ₹2,500 in semi-rural areas, and ₹1,000 in rural areas.
• Digital Savings Account: The minimum balance is ₹5,000 per month.
• Seniors First Savings Account: The minimum balance is ₹5,000 per month.
• Prime Edge Savings Account: The minimum balance is ₹10,000 per month.
• Advantage Savings Account: The minimum balance is ₹25,000 per month.
• Women's First Savings Account: The minimum balance is ₹10,000 per month.

RBL Bank Savings Account Charges & Fee

RBL bank savings accounts have different charges and fees for different accounts. Some basic charges include

• Outstation clearing: Rs 50 per transaction at a branch or non-branch location.
• Demand drafts: Rs 50 at RBL and non-RBL locations, with some accounts offering free transactions.
• Cash deposits are Rs 3 per Rs 1,000, with a minimum transaction fee of Rs 50.
• For the RBL Prime Savings Account, a non-maintenance fee of 10% of the balance shortfall if the balance is less than or equal to 50% of the required minimum balance.
• For the RBL Prime Savings Account, a non-maintenance fee of 5% of the balance shortfall if the balance is more than 50% of the required minimum balance.
• Funds transfer and cash withdrawal within RBL Bank is free for all accounts.
• Standard charges for other bank ATMs is ₹125 for international withdrawal.
• Cash deposit is free for up to ₹ 100,000 for prime savings first account, ₹500000 pm for senior account, Free ₹ 3,00,000 p.m for prime edge and Free ₹ 3,00,000 p.m for women’s first savings account.
• Non-maintenance charges for maintaining a balance less than 50% are 10% of the minimum balance.

How to open a Savings Account in RBL Bank?

The savings account can be opened online as well as offline.

Online process

Step 1: Visit the bank website, and select the type of savings account best suited for your needs.

Step 2: Click on “Apply Now”

Step 3: You will be taken to a new tab; click on ‘Create a Savings Account’

Step 4: Enter the Aadhaar linking with your mobile phone and PAN card details.

Step 5: Choose the savings account you want and start the process.

Step 6: Enter the personal information and upload the documents as asked.

Step 7: The bank will issue you a start kit when your details are verified.

If you are using digital documents the procedure will come faster and easier.

For offline account opening, carry the relevant documents along with passport size photos to the nearest branch, fill in the requisite form, and submit to the bank.