|RBL Bank Prime Edge Savings Account
|Average Monthly Balance
|4.25% to 6.00%
|Titanium Master Card
RBL Bank Prime Edge Savings Account offers a higher interest rate on deposits above a predefined limit. This account comes with higher interest rates as much as one can earn in FD (Fixed Deposit) accounts. in RBL Bank Prime Edge Savings Account. While in FDs you have to wait for the maturity date to utilize the funds, there is no such bar in this RBL Savings Account. You can utilize the amount lying in your bank account anytime on demand. It acts as a normal saving account despite offering interest rates at par with FD accounts.
In this post, we will discuss RBL Bank Prime Edge Savings Account features, interest rate, eligibility criteria, how to apply for this account, benefits, and frequently asked questions.
Here are the features of the RBL Bank Savings Account:
The bank under this scheme offers a higher rate of interest on saving accounts. The schedule of RBL Bank Prime Edge Savings Account interest rate as per the limit is described as below:
The bank offers a Titanium ATM cum debit card with RBL Bank Prime Edge Savings Account which offers the customers free of cost ATM withdrawals in any bank’s ATM (up to a certain number of transactions in a month). The card also offers linked insurance benefits with all the accounts, which are listed as below:
The bank offers its customers easy and convenient banking under the RBL Bank Prime Edge Savings Account with more benefits as compared to other bank saving accounts.
You can pay bills and taxes without any extra fee through internet banking in your RBL Bank Prime Edge Savings Account.
Here are the details:
You can open an account in this scheme with the bank in either online or offline mode. You can visit the nearest branch of RBL Bank to open an account in offline mode. For this, all you need to carry along with you is your KYC documents and recent passport-size photographs. After filling up the form in the bank and providing the necessary information, your account shall be opened with the bank.
In case you opt for the online opening of the RBL Bank Savings Account, you need to follow certain steps as quoted on the bank’s official website. In case of an online opening, the KYC shall be verified online through Aadhar OTP on your phone. In that case, also you may have to visit a branch to submit your signatures with the bank officials.
Here are the RBL Savings Account benefits:
Here are the frequently asked questions about this RBL Savings Account:
The free cash transaction limit per month is Rs. 3 lakhs. After this, you have to pay Rs. 3 per Rs. 1,000 subjected to at least Rs. 100 for a transaction.
You will have to bear 5% of the shortfall if the balance goes over 50% of the average monthly balance. The same is 10% if the balance is lower than 50% of the shortfall. The maximum fee is Rs. 500 per month.
You will receive purchase protection, personal accident (air) cover, personal accident (death) cover, cash in transit, and lost card liability/counterfeit cover.
The free limit in this case is 5 instances per month.
The annual fee for a Master Titanium Credit Card is Rs. 250. The annual fee for a Master Platinum Debit Card is Rs. 500.