RBL Bank Executive Salary Account

Ratnakar Bank (RBL) Executive Salary Account comes with some exciting features with premium banking options.

RBL Executive Salary Account highlights:

  • The interest rate comes with it is 5.1% per year which is payable on a six-month basis.
  • The subscriber will be provided with RBL international and Domestic Debit card powered by VISA with no annual charges.

RBL Executive Salary Account services:

RBL Executive Salary Account scheme provides its subscribers with the facilities like internet banking, mobile banking and phone banking for convenient banking. Also, the subscribers will be issued with a free chequebook of 20 leaves every month.

RBL Executive Salary Account features:

  • This is a zero balance account. With the help of net banking, the subscribers will be able to transfer funds via RTGS & NEFT for free.
  • Subscribers having a balance of Rs 10, 00,000 and above in their account will be provided with an interest rate of 7.1% yearly.
  • Those with a minimum balance of Rs 1,00,000 or more will be benefited with an interest rate of 6.1% on an yearly basis.
  • Subscribers having Classic ATM card (Domestic) can withdraw an amount of Rs 50,000 daily and those who possess Platinum ATM card (Platinum) can withdraw an amount of Rs 1, 00,000 daily.

Fees and Charges:

  • The Domestic Debit Card is issued for free, whereas the International Debit Card issuing fee is Rs 150.
  • If the card gets lost, the replacement fee for both Domestic and International Card is Rs 50. On the other hand, if the card gets damaged, they are replaced free of cost.
  • The balance enquiry charges and cash withdrawal charges for Domestic VISA ATMs is free whereas, the balance enquiry charges and cash withdrawal charges for International VISA ATMs is Rs 25.

Clearing charges:

  • The ESC return charges Rs 200 per instrument.
  • The subscriber is allowed to perform unlimited transactions within RBL for free.
  • The collection of RBL cheque within the branch is free of cost. And the collection of outstation cheques brought within the branch costs Rs 50 per transaction.
  • Collection of outstation cheques brought to a non-branch also costs Rs 50 per transaction.
  • There is no fine charged for cheques deposited and returned which happen due to technical reasons. But for those returned due to financial reason is charged with Rs 100-300 for first and Rs. 500 for the next instrument onwards.

Chequebook related charges:

  • Rs 2 per leaf will be charged after you have consumed your free limit.
  • Rs 50 per cheque per instance will be charged for cancellation of payment.

Remittance related charges:

  • Transferring funds through NEFT and RTGS will cost nothing if it is done via net banking. If you are transferring funds through NEFT via branch itself, the first five transactions made are free. From the sixth transaction, additional charges will be applied as per the rules set by RBI.
  • If you are transferring funds through RTGS via branch itself, the first transaction made is free. From the second transaction onwards, additional cost of Rs 25 will be charged per transaction.