RBL Savings Account Experience

[Ankit Goyal]

Hi,

RBL bank is giving higher interest rate currently. Does anyone have experience dealing with RBL bank which might be useful to anyone who wishes to open savings account with them for higher interest rate. Do let us know.. thanks

 

[mojo_jojo123]

any criteria for annual fee and joining fee waiver ?

 

[itsAdityaS]

Where did you find this banner

My RM sent me

 

[itsAdityaS]

any criteria for annual fee and joining fee waiver ?

You get 8500 back as a voucher after your first transaction you can redeem it to take amazon voucher, etc. Annual fee is not waived.

 

[Bhagat Singh]

I am having RBL Insignia account since last 4-5 years , There IT intra is not so great ,, have lot of bugs like delay in OTP while doing UPI transactions , downtime etc , RM is junk keeps changing every 6 months

is it mandatory to maintain 30 lakh nrv. also it says 500 rs charge for NMC.

 

[mojo_jojo123]

is it mandatory to maintain 30 lakh nrv. also it says 500 rs charge for NMC.

I won't suggest to invest your time in this bank

 

[Paritosh]

Initial Funding 5 Lakhs and 25 or 30 TRV

My RM asked 5L for Signature account. Also he mentioned that AMB is zero. Debit card charges is 250. Seems he is giving false promises.

Are above things true?

 

[hbajaj052]

My RM asked 5L for Signature account. Also he mentioned that AMB is zero. Debit card charges is 250. Seems he is giving false promises.

Are above things true?

Try to connect directly with an Insignia RM
Try and use

RBL Bank | Insignia Preferred Banking | Personal | Business | Wealth Solutions

insignia.rblbank.com

 

[Paritosh]

I have both current and savings account with RBL. I opened current account for RazorpayX account and RBL RM pitched for Savings account so opened it. Both are under "Aspire Banking" category of maintaining Rs. 1L in each account. But RM told me if I do transactions regularly, there is no need to maintain balance and it is just like zero balance premium account.

I face UPI failures on axis bank more often but did not face any transaction failures with RBL. I dont need to go to the branch for anything, just have to call RM, he either visits my home or get things done via phone. I have never visited my home branch till today, not a single time.

I have their Enterprise debit card (issue cost- Rs. 7500 + GST) whoch has some pretty good perks.

Some drawbacks- App UI and bugs, they go under maintenance very often, very few ATMs available.

Are you getting 1% cashback on all spends with Enterprise card? Or is it just for fuel?

 

[rocky]

For everyone who are asking for Enterprise Debit Card

Rbl Enterprise gives 5% back on credit card payments ? Are there some terms attached?

can someone provide details related to this, can we pay on cheq, MobiKwik, or Paytm with this debit card and get 5% cashback? Also, what are the annual charges for debit card, can we get waive of on annual fees?

 

[AsB]

yes that's the only good part ..rest all are junk in this bank

They spend more money on Interest and less on Infrastructure

 

[4uziaul]

can someone provide details related to this, can we pay on cheq, MobiKwik, or Paytm with this debit card and get 5% cashback? Also, what are the annual charges for debit card, can we get waive of on annual fees?

After joining, you have four messages on this forum, and out of those four messages, three are the same question you have been asking. 🤣 Please keep your questions in one thread, and there's no point in repeating the same question.

Post in thread 'CheQ account blocked - scam spotted - be warned - real cashback is less than 0.3%.' https://www.technofino.in/community...l-cashback-is-less-than-0-3.13236/post-228607

 

[j_s]

can someone provide details related to this, can we pay on cheq, MobiKwik, or Paytm with this debit card and get 5% cashback? Also, what are the annual charges for debit card, can we get waive of on annual fees?

Yes. This works everywhere. But do bear in mind that there is no provision for waiver of annual fees on this card. Additionally, RBL has a wonderful policy of not allowing you to downgrade your debit cards. So, think before you jump on to this card.

 

[anonymuos]

Yes. This works everywhere. But do bear in mind that there is no provision for waiver of annual fees on this card. Additionally, RBL has a wonderful policy of not allowing you to downgrade your debit cards. So, think before you jump on to this card.

No downgrade policy means? Suppose we have Platinum LTF debit card on Advantage Savings account, then get Signature+ DC for as long as its rewards are there, can't we block Signature+ DC at some point if rewards are withdrawn and get Platinum again?

 

[Arcade]

No downgrade policy means? Suppose we have Platinum LTF debit card on Advantage Savings account, then get Signature+ DC for as long as its rewards are there, can't we block Signature+ DC at some point if rewards are withdrawn and get Platinum again?

Nope, you'll be reissued the same signature+ debit card. Basically, once you take the upgrade there's no going back unless you close the account, one of the shittiest policies but that's how they work.

 

[j_s]

No downgrade policy means? Suppose we have Platinum LTF debit card on Advantage Savings account, then get Signature+ DC for as long as its rewards are there, can't we block Signature+ DC at some point if rewards are withdrawn and get Platinum again?

What @Arcade said is true.

 

[iAmPm]

basically, they want us to close the account once any devaluation happens on DC.

 

[j_s]

Those guys have bigger issues than to think of devaluation.

 

[abhinavgarg26]

For EDC, will payment through paytm cheq eliglible for yearly milestone

 

[4uziaul]

For EDC, will payment through paytm cheq eliglible for yearly milestone

Y e s

 

[hemant89]

@4uziaul Has EDC stopped working on MobiKwik? My transactions are failing on Mobikwik and when I contacted customer care they said MobiKwik is under the blocked list of applications!!