Institution Account: Apply For Special Institution Account

Special Institutions Account

A comprehensive current account that provides the best banking solutions through cutting-edge offerings and features. Institutions including trusts, societies, clubs, associations, Section 25/Section 8 corporations, non-governmental organizations (NGOs), educational institutions, religious institutions, hospitals, and government bodies can use CTASC accounts, as they are specifically designed to meet their needs.

Earn up to

7.50 * % p.a.

Savings Account

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8.00* % p.a.

Fixed Deposits

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* T&C Apply

Key Benefits

Robust and innovative cash management and transaction service solutions, combined with technology and knowledge - delivered through expert product specialists.
Lower total cost of payment processing: Take advantage of online cheque printing, priority bulk payments, payroll, and tax payment options.
Processing, monitoring, and tracking your receivables in a seamless manner.
Effective multiple payee collection using a virtual account.
The maximum cash deposit you can make is based on the average monthly balance you keep in your account. It's a strong tool that allows you the freedom to select your FREE Cash limit.
We can quickly and effectively clear cheques from more than 1,600 locations across India owing to our extensive network of correspondent banks.
At RBL Bank and non-RBL Bank branches, unlimited free local and outstation cheque collections are available.
Our branches or internet banking execute all NEFT & RTGS transactions. Anywhere in India, you can transfer money between banks at no charge.
Enjoy the benefit of free DD/PO issuances at partner banks and RBL Bank branch locations. Utilize the free money transfer service offered by RBL Bank.
Integration with PFMS for transaction reporting and other government initiatives.

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The eligibility for this account is mentioned below:

As per Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 (Updated from time to time).

Open a savings deposit account in the name of entities other than individuals, Karta of HUF, and organizations/agencies, as listed in Schedule -I, which includes:

Primary Co-operative Credit Society which is being financed by the bank.
Khadi and Village Industries Boards.
Agriculture Produce Market Committees.
Societies registered under the Societies Registration Act, 1860 or any other corresponding law in force in a State or a Union Territory, except societies registered under the State Co-operative Societies Acts and specific state enactment creating Land Mortgage Banks.
Companies licensed by the Central Government under Section 8 of Companies Act, 2013 or Section 25 of Companies Act, 1956 or under the corresponding provision in the Indian Companies Act, 1913 and permitted, not to add to their names the words ‘Limited’ or the words ‘Private Limited’.
Institutions other than those mentioned in section 26(h) and whose entire income is exempt from payment of Income-tax under the Income Tax Act, 1961.
Government departments/bodies/agencies in respect of grants/subsidies released for implementation of various programs/Schemes sponsored by Central Government/State Governments subject to the production of authorization from the respective Central/State Government departments to open a savings bank account.
Development of Women and Children in Rural Areas (DWCRA).
Self-help Groups (SHGs), registered or unregistered, are engaged in promoting savings habits among their members.
Farmers’ Clubs – Vikas Volunteer Vahini – VVV.

Key Features

The power-packed Special Institutions - Savings and Current Account offers a host of services at no cost for the institution.
Unlimited free payable at par cheque book and demand drafts.
Free cash withdrawals across all RBL Bank locations.
Free outstation cheque collection at RBL Bank and non-RBL locations.
Free local cheque collection.
We're now easier to reach, and we're embracing technologies like digital banking to make transactions and regular banking easier for you.
Your needs-specific banking solutions will be provided with the assistance of a committed relationship manager.
Through our secure business Internet Banking option, you can access your account whenever you choose, from anywhere in the globe.
Banking that is quick, easy, secure, and accessible wherever you are.
Give a missed call from your registered mobile number to 18004190610 (toll-free), and you can get real-time information on your account balance(s).
Managing utility bill payments, including those for energy, telephone, LIC premiums, contributions, and more, is easy, convenient, and secure with Bill Pay.

Stay equipped to make the best decisions with RBL Bank's Cash Management Services

At RBL Bank, our priority is to provide clients with a robust and innovative cash management and transaction service solutions, put together by combining technology and knowledge; delivered through Product Specialists.

Payments

Reduce end-to-end cost of processing payments

Online cheque printing
Priority bulk payments
Payroll and Tax payments

Collections

Seamless processing, tracking and managing your receivables
Virtual account – efficient collection from multiple payees

Door Step Banking

Avail doorstep banking facilities like cash delivery and pick up
We can also have your cheques and trade documents picked up from your office

***Savings Account Interest Rates

Daily balance	Rate of Interest (p.a.) Effective from February 15, 2025
Upto INR 1 lakh	3.25%
Above INR 1 lakh upto INR 5 lakh*	4.50%
Above INR 5 lakh upto INR 10 lakh*	5.50%
Above INR 10 lakh upto INR 25 lakh*	6.50%
Above INR 25 lakh and upto INR 3 Crore*	7.50%
Above INR 3 Crore upto INR 7.5 Crore*	6.50%
Above INR 7.5 Crore upto INR 50 Crore*	6.25%
Above INR 50 Crore upto INR 500 Crore*	6.00%
Above INR 500 Crore*	MIBOR** + 100 bps

* On daily balances in excess of INR 1 Lakh

With effect from April 1, 2016, the periodicity of payment of interest on Savings Bank Account has been changed to quarterly. Accordingly savings Bank interest calculated on daily product basis will be paid at quarterly intervals on 30^th June, 30^th September, 31^st December & 31^st March each year.

**MIBOR is overnight MIBOR rate

To understand the interest calculation with an example click here.

Revision in Interest Rates

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Branch Relocation

RBL Bank is registered with DICGC

Linking PAN with Aadhaar

Payments Update

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