Quick Answer: Can I Open Zero Balance Account In RBL Bank?

Who is owner of RBL bank?

Vishwavir AhujaVishwavir Ahuja is the MD & CEO of RBL Bank and is a seasoned banker with close to 36 years of industry experience..

What is the minimum balance in RBL bank?

Types of RBL Bank Savings AccountAccount VariantMinimum Average Monthly BalancePrime Savings AccountRs.5000Rs.2500Prime Edge Savings AccountRs.10,000Rs.10,000Advantage Savings AccountRs.25,000Rs.25,000Executive Salary Savings AccountNo MAB requirementsNo MAB requirements5 more rows

Can I open bank account with zero balance?

A regular savings account can be opened with a zero balance by visiting the bank’s access point or even by requesting the doorstep service. Some of the facilities offered are IMPS service, free quarterly account statement, etc.

How can I open a zero balance current account?

Documents Required for Opening Zero Balance Current Account Proof of Identity: PAN Card. Voter ID Card. Passport. Driving License. Aadhaar Card. Proof of Address: Utility Bills (electricity, water, telephone etc.) Rent Agreement. Bank Statement. Ration Card.

Is FD in RBL bank safe?

RBL Bank fixed deposit is a reliable, secure and beneficial investment option that offers various benefits such as guaranteed returns, Government insurance, loan borrowing facility and flexible fixed deposit tenure.

Is RBL Bank approved by RBI?

In August 1943, Ratnakar Bank was founded as a regional bank in Maharashtra with two branches in Kolhapur and Sangli. … In 1970, it received a banking license from the Reserve Bank of India (RBI).

Which bank account is best?

Best Savings Bank Account in India 2020#1. Kotak 811 Savings Account Review (Fastest Online Account Opening)#2. RBL Bank Saving Account (Highest Savings Interest Account)#3. IndusInd Bank Savings Account (Highest Interest Rate)#4. ICICI Bank Savings Account (For Best Technology)#5. … #6. … #7. … #8.More items…•

Is yes bank safe now?

Given the size of the bank, the government stepped in rather quickly and it is unlikely that a bank of the size of Yes Bank would be allowed to collapse. This makes the deposits of Yes Bank safe at least for a tenure of 1-2 years.

Is RBL a private bank?

RBL Bank is one of India’s fastest growing private sector banks with an expanding presence across the country. … RBL Bank is listed on both NSE and BSE (RBLBANK).

Will RBL bank survive?

The further run-down of deposits once the moratorium is lifted will put a strain on the liquidity position of the bank, it said in a note. RBI Governor Shaktikanta Das on Monday, however, assured depositors of Yes Bank that their money is absolutely safe. … So far this year, RBL Bank has lost half of its value.

What is the minimum balance required for current account?

Current Account Monthly Average Balance and Withdrawal Limit 2020BankMinimum Average BalanceICICI Bank Smart Business AccountRs. 25,000HDFC Bank Regular Current AccountRs.10,000 per quarterBank of Baroda Baroda Small Business Current AccountQuarterly Average Balance Rs. 2,500SBI Regular Current AccountRs. 10,0002 more rows

What is the minimum balance in HDFC current account?

HDFC Current Account Minimum Balance and ChargesHDFC Bank Current AccountHDFC Bank Current Account Minimum BalanceRegular Current AccountRs.10,000 per quarterPremium Current AccountRs. 25,000 per quarterTrade Current AccountRs. 40,000 per quarterFlexi Current AccountRs. 75,000 per month6 more rows•Nov 26, 2020

What is the minimum balance in SBI current account?

Rs. 10,000SBI Current Account Interest RateSBIRegular Current AccountMinimum Account BalanceRs. 10,000Non Maintenance ChargeNon Rural – Rs. 5,000 Rural – Rs. 2,500Interest RateNil

Which bank is best for zero balance account 2020?

Top Zero Balance Savings Account 2020Top Zero Balance Savings AccountAccount NameInterest Rate (up to Rs 1 lakh)Kotak Mahindra Bank 811 Digital Bank Account3.50%IndusInd Bank Indus Online Savings Account4.00%Standard Chartered Bank Aasaan3.00%5 more rows•Jan 21, 2020

Is RBL Bank Safe 2020?

On 16 March, RBI governor Shaktikanta Das assured all depositors of Yes Bank that their money is safe. On Tuesday, RBL Bank reiterated that the lender is financially strong, well-capitalized, profitable, and a growing entity with strong governance. The bank’s shares rose 1.38% to ₹165.15 on BSE.

Which savings account is best?

NerdWallet’s Best Savings Accounts of December 2020Nationwide My Savings: 0.40% APY.Sallie Mae Bank High-Yield Savings Account: 0.50% APY.HSBC Direct Savings: 0.15% APY.FNBO Direct Online Savings Account: 0.50% APY.Citizens Access Online Savings Account: 0.50% APY.Barclays Online Savings Account: 0.45% APY.More items…•

Which bank account is best for students?

Best Student Bank AccountsChase Bank College Checking Account: Best Overall.Capital One 360 MONEY Account: Best For High School Students.Bank of America Advantage Banking: Best For Encouraging Saving.Discover Cashback Debit Account: Best Fee-Free Account.PNC Virtual Wallet Student Account: Best For Creating a Budget.More items…

Which banks provide online account opening?

Compare Savings Account Rates and Types of All BanksBank NameInterest RateAxis Bank Savings Account Opening Online3.50% – 7.10%ICICI Bank Savings Account Opening Online3.00% – 3.50%Kotak Bank Savings Account Opening Online3.50% – 4.00%Yes Bank Savings Account Opening Online4.00% – 6.25%15 more rows

Which bank is best for FD?

IndusInd BankBest FD Interest Rates in IndiaFD TenureHighest FD RateBanks with highest FD rate1 year FD7.00%IndusInd Bank2 year FD7.00%IndusInd Bank, Jana Small Finance Bank3 year FD7.50%Jana Small Finance Bank5 year FD7.00%Jana Small Finance Bank

Which bank has lowest minimum balance?

ICICI Basic Savings Account.HDFC BSBDA Small Savings Account.SBI Basic Savings Bank Account.Axis Bank Small Basic Savings Account.Indus Small Savings Account.Standard Chartered Bank’s Basic Banking Account.RBL Bank’s Abacus Digital Savings Account.IDFC Bank Pratham-savings account (BSBDA)

Is HDFC zero balance account available?

You can open a Savings Account, but you don’t have to maintain a minimum balance for it. Despite this, the bank will still provide the usual facilities that come with a regular Savings Account. As the name of the account implies, this is a zero-balance account. … Consequently, there is no penalty in case of zero balance.