RBL Bank Introduces Zero-Balance Go Savings Account: Key Details
RBL Bank has introduced its latest digital banking product, the GO Savings Account, offering a modern banking experience with a unique subscription-based approach. This zero-balance account is designed to cater to customers of all age groups, simplifying the account opening process and ensuring user-friendly features.
The GO Savings Account represents a shift towards contemporary banking, where customers can benefit from various advantages, including attractive interest rates of up to 7.5 per cent per annum, a premium debit card and vouchers worth Rs. 1,500 for renowned brands.
Moreover, this account provides extensive cyber insurance coverage, along with accident and travel insurance of up to Rs 1 crore. Customers also receive a free CIBIL report.
In addition to these features, premium banking services are bundled together in a single package. Customers can access this package for an initial subscription fee of Rs 1999 (plus taxes) in the first year, followed by an annual renewal fee of Rs 599 (plus taxes) thereafter.
Deepak Gaddhyan, Head of Branch and Business Banking at RBL Bank, shared, "The launch of the GO Savings Account bridges the gap between traditional and digital banking by offering a compelling value proposition for customers. With our user-friendly account opening experience bundled with the new-age subscription-based model and services, we aim to bring digital convenience to a larger customer segment."
