The RBL Bank savings account schedule of charges and RBL Bank current account schedule of charges are important documents that provide valuable information regarding the fees related to different personal and current account banking services offered by the bank. It is important to stay informed about these latest charges to avoid any unexpected penalties. Below are the recent RBL Bank charges applicable to these accounts.
Bank charges refer to the fees or costs levied by banks on the various services provided by them. These charges may include account maintenance fees, transaction fees, ATM usage charges, cheque book issuance fees, and other service-related costs. RBL Bank charges linked to savings and current bank accounts are listed in the schedule of charges issued by the bank. It is important to have comprehensive information about these charges to effectively manage the finances and avoid any unnecessary fees.
RBL Bank is a prominent private sector bank in India with a growing footprint throughout the country. It operates under five key business verticals, namely Corporate Banking, Commercial Banking, Branch and Business Banking, Retail Assets, and Treasury and Financial Markets Operations. With a widespread network of 517 branches, 1,166 business correspondent branches (including 298 banking outlets), and 414 ATMs, RBL Bank caters to more than 12.91 million customers. Its extensive presence spans 28 Indian states and Union Territories, making it a trusted banking partner for a wide range of customers.
RBL Bank customers can access a wide range of banking facilities with their Savings Bank account. These services are subject to nominal charges. Some of the common charges imposed by RBL Bank include:
- Minimum monthly balance charges
- Cheque book charges
- Cheque collection charges
- Payments through DD/NEFT/IMPS/RTGS
- Cash transactions and deposit charges
- Debit-cum-ATM card charges
- Credit card charges
- Doorstep Banking
Being aware of RBL Bank charges for different services offered is crucial for smooth banking operations. Understandably, the RBL Bank current account schedule of charges will be different from the savings account schedule of charges. To prevent unnecessary deductions from your RBL Bank savings account, here are a few banking tips to follow:
- Choose the Right Bank Account – Compare different account options to find the one that suits your banking needs, considering features and fees.
- Understand Account Terms and Conditions – Familiarise yourself with the terms and conditions of the RBL Bank account you apply for. Pay attention to fee schedules, transaction limits, and services that incur charges.
- Maintain Minimum Balance Requirements – Ensure your account balance stays above the minimum threshold specified for the account type to avoid penalties.
- Use In-Network ATMs – Non-RBL Bank ATM usage can attract fees. Take note of the number of free transactions allowed and the charges for subsequent non-RBL Bank ATM usage.
- Be Mindful of Other Charges – Services like doorstep banking, SMS banking, and demand draft issuance have associated charges. Understand RBL Bank’s specific charges for these services and consider alternatives if possible.
- Make Timely Bill Payments – Avoid late payment fees by promptly settling outstanding bills.
- Avoid Cash Handling – Opt for online transfers and payments to minimise cash handling for deposits and withdrawals.
Opening an RBL Bank Savings account does not involve any account opening charges. But the customers are required to fulfil the initial deposit requirements to activate their bank account. It is essential to maintain the minimum balance as per the account type to avoid RBL Bank charges. RBL Bank debit card charges will be applicable depending upon the type of debit card. Additionally, customers can also apply for credit cards. Check features and RBL Bank credit card annual charges to suit your shopping needs.
RBL Bank Debit-cum-ATM card is issued to each account holder for convenient and anywhere cash withdrawal. The card can be used at any RBL Bank ATM or non-network ATM. However, these transactions are chargeable beyond a certain limit. RBL Bank debit card charges are as follows:
|Cash Withdrawal at RBL Bank ATMs||Free|
|Other Bank’s ATMs International – Cash Withdrawal||Rs. 125 per transaction|
|Other Bank’s ATMs Domestic – Cash Withdrawal (Financial)||Rs. 20 per transaction|
|Other Bank’s ATMs Domestic – Balance Enquiry (Non-Financial)||Rs. 8.5 per transaction|
|RBL Bank’s ATMs Balance Enquiry||Free|
|Other Bank’s ATM International – Balance Enquiry||Rs. 25 per transaction|
RBL Bank offers a range of credit cards, each with unique features and advantages. One of its top-rated multi-brand cards, the Bajaj Finserv RBL Bank Supercard credit card is the most sought after. Listed below are the RBL Bank credit card annual charges and Bajaj Finserv RBL Bank Supercard Charges:
|RBL Bank credit card annual charges||Between Rs. 499 to Rs. 4999 depending upon the card variant of Bajaj Finserv RBL Bank SuperCard|
|Add-on Card Fee||NIL|
|Finance Charges (Retail and Cash)||APR up to 3.99% p.m. (47.88% p.a.)|
|Cash Advance Transaction Fee||2.5% of the cash amount (Minimum Rs. 500)|
|Overdue Penalty / Late Payment Fee||15% of Total amount due (Min Rs.0, Max Rs. 1,300)|
|Over Limit Penalty||Rs. 600|
|Card Replacement Charges||NIL|
|Duplicate Statement Fee||NIL|
|Payment Dishonour Charges||Rs. 500|
|Cash Payment at Branches||Rs.100 / cash deposit transaction at RBL Branch effective 1st July’ 2022|
|Foreign Currency Transaction||Up to 3.5%|
|Reward Redemption Fee||Rs. 99 +GST|
Payments made through NEFT are charged at the following rates:
|NEFT Outwards – Less than Rs. 50,000||Rs. 2 per transaction|
|NEFT Outwards – Rs. 50,000 to Rs. 1,00,000||Rs. 5 per transaction|
|NEFT Outwards – Above Rs. 1,00,000||Rs. 10 per transaction|
On payments made through the RTGS facility, the RBL Bank RTGS charges are as follows:
|RTGS Outwards through branch – Rs. 2,00,000 to Rs. 5,00,000||Rs. 20 per transaction|
|RTGS Outwards through branch – Above Rs. 5,00,000||Rs. 40 per transaction|
|RTGS Outwards Online||Free|
On payments made through the IMPS facility, the applicable RBL Bank IMPS charges are as follows:
|Upto Rs. 1,00,000||Rs. 5 per transaction|
|Above Rs. 1,00,000||Rs. 15 per transaction|
RBL Bank Charges : FAQS
Bajaj Finserv RBL Bank Supercard charges for a cash advance is 2.5% of the cash amount, subject to a minimum of Rs. 500.
RBL Bank credit card annual charges depend upon the card type and variant. The annual charges range between Rs. 499 to Rs. 4999 for Bajaj Finserv RBL Bank SuperCard variants.
If the account is closed within the first 6 months of opening, Rs. 500 is charged as RBL Bank Savings account closure charges.
RBL Bank ECS/NACH return charges are Rs. 500 per instance.
RBL Bank doorstep Demand Draft delivery charge is Rs. 25 per Demand Draft.