Product Details
Bank Name
RBL Bank
Account Name
RBL Senior First Saving Account
Account Type
Saving
Interest Rate
Upto 1 Lakh: 4.25%. Between 1 and 10 Lakh: 5.5%. Above 10 and upto 25 Lakh: 6%. Above 25 upto 1 Crore: 6.5%
Free Debit Card
No
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
INR 5,000
Debit Card Charges
Visa Classic Debit Card. INR 250 annual fee.
NEFT Charges
Free
IMPS Charges
Free
Fees and Charges
RBL Senior First Saving Account
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free and unlimited ATM transactions at all ATMs across India.
Free Doorstep Banking. Earn higher interest rates (0.5% extra) with our Fixed Deposits, including tax saving deposits
Premature penalty of 1% waived off for senior citizens.
Super Senior Citizens (80 years and older) are eligible for 0.75% extra interest on Fixed deposits.
Free IMPS/RTGS/NEFT transactions
Cons
RBL Senior First Saving Account
The account comes loaded with a number of value add features. However, the account offers low interest rate. It can be considered by individuals who are looking for a good package of value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai