Digital Savings Account - Prime
Digital Savings Account - Prime
Earn up to
Key Benefits
When you open this Savings Account, you also receive a Virtual Debit Card that can be used for online shopping, recharges, scan-and-pay at retail locations, and other bill payments.
This Savings Account makes investing incredibly simple. Easily deposit any extra money into a Fixed Deposit to maximize your savings. You can also invest your money in mutual funds. Just make an SIP or RD for at least INR 2,000. (Applicable only on Digital Savings Account – Prime)
Easily pay bills with the Digital Savings Account - Prime's bill-pay feature. Pay electricity, telephone, mobile, gas, and other bills conveniently and never worry about being late.
This is another significant benefit of having this Savings Account. Simply log onto RBL MoBank whenever you wish to view any transactions that have taken place in your account, and you'll get all the details in one place.
Get a Virtual Debit Card
Get this for your daily transactions and live your life stress-free. With no annual fees, you can easily use this Debit Card for online purchases and payments just like a traditional debit card.
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Once you've set up the Digital Savings Account - Prime, your Virtual Debit Card will be accessible through RBL MoBank app (subject to verification).
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Access RBL MoBank App >> On the home page, click the RBL Bank icon >> Your Debit Card Management >> Learn more about your Virtual Debit Card >> For all of your transactions, use your card number and CVV.
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The usage of this card is possible for online shopping, recharges, scan-and-pay at retail locations, and bill payments.
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Complimentary accident and air insurance.
***Savings Account Interest Rates
| Daily balance | Rate of Interest (p.a.) Effective from October 30, 2024 |
|---|---|
| Upto INR 1 lakh | 3.50% |
| Above INR 1 lakh upto INR 10 lakh* | 5.50% |
| Above INR 10 lakh upto INR 25 lakh* | 6.00% |
| 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 75 Crore* | 5.25% |
| Above INR 75 Crore upto INR 125 Crore* | 7.50% |
| Above INR 125 Crore upto INR 200 Crore* | 6.00% |
| Above INR 200 Crore upto INR 400 Crore* | 4.00% |
| Above INR 400 Crore upto INR 500 Crore* | 6.75% |
| Above INR 500 Crore* | MIBOR** + 1% |
* 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 30th June, 30th September, 31st December & 31st March each year.
**MIBOR is overnight MIBOR rate
To understand the interest calculation with an example click here.
