Woman's First Savings Account

Your woman's savings account must have a minimum balance of INR 10,000.

According to RBI regulations, interest must be computed using the daily balance technique. On a quarterly basis, in the months of March, June, September, and December, interest will be paid on this savings account.

The woman's first savings account can indeed have a nominee designated for it. Whether the account is held solely or jointly, you may designate one nominee. The parent or legal guardian may make the nomination on the minor's behalf if it is their account. By completing the Nomination Form required by the Banking Companies (Nomination) Rules of 1985, you are able to replace the nominee at any time.

To ensure that your child can manage their finances responsibly as adults, it is always a good idea to start a savings account for them. The fact that you can open a Zero Balance Kid's Account with RBL Bank is the finest aspect.

The Woman's First Debit Card does have an annual cost; it is INR 500.

You may indeed open. The only prerequisite is that a resident woman above the age of 18 must submit the initial application.

The fact that there are no restrictions on how many withdrawals you can make from RBL Bank ATMs when you have a woman's first savings account is one of its benefits.

Yes. Get your savings account balance by simply calling 18004190610 from your registered cellphone number. As an alternative, you can get more information about your account and complete transactions using the RBL Bank mobile app.

RBL Bank is an ISO-Certified company, and we take every precaution to keep your account secure. To maintain effective operating controls, we have layered perimeter security and monitoring. Only you can access your account thanks to security measures like two-factor authentication, which sends a one-time password (OTP) to your registered cell phone number. You should take some security measures, such as keeping passwords private and installing antivirus software on both your computer and mobile device.