RBL Bank offers GO Savings Account with zero balance feature. The comes with interest rates of up to 7.5% per annum, a premium debit card, vouchers worth ₹1,500 for premier brands, comprehensive cyber insurance cover, accident and travel insurance up to ₹1 crore, free CIBIL report, and other premium banking services, the lender said in a statement.
Live TV
Loading...
"These features are bundled into a single package at first year subscription fee of ₹1,999 + taxes and annual renewal fee thereafter of ₹599 + taxes," RBL Bank said.
To qualify for the high interest rates of up to 7.5% per annum, customers must meet specific criteria, such as maintaining a minimum balance or fulfilling transaction thresholds.
Additionally, the account provides comprehensive insurance coverage, including cyber, accident, and travel insurance, but users should carefully review the coverage details, exclusions, and claim procedures.
Understanding the terms related to the premium debit card, vouchers, and fee-free transactions is also important to avoid unexpected charges, the lender mentioned.
Deepak Gaddhyan, Head of Branch and Business Banking, RBL Bank, said, “The launch of ‘GO Savings Account’ bridges the gap between traditional and digital banking by offering a compelling value proposition for customers."
"Frequent travelers are attracted to the travel insurance benefits and fee-free transactions, while savers and investors seek to maximise their savings with competitive interest rates and access to complimentary CIBIL reports," he said.
(Edited by : Anshul)
First Published: Mar 5, 2024 3:29 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Rajnath Singh declares assets worth ₹7.36 crore, does not own any vehicle
Apr 30, 2024 9:03 AM
Exclusive | Full text of the PM interview: Modi's agenda for the next 5 years
Apr 29, 2024 10:28 PM