How to Apply for RBL Bank’s Digital Saving Account?

Given the current global scenario, the economy’s digitalisation has gained traction in even the most remote parts of the earth. The first step towards investment and availing of banking services is getting a digital savings account. Digital account opening is now easier than ever and can be done online in just a few steps taking minimal time. 

The introduction of Aadhaar, a unique identification number for India, has further accelerated the digital economy shift. An individual only requires an Aadhaar card number and a PAN card to open a bank account these days. 

To open an RBL Bank’s digital savings account, follow the steps mentioned below:

1. Go to https://www.rblbank.com/
2. Click on OPEN NOW on the right upper corner of the screen. Click OPEN NOW on the net that comes next again.
3. A pop-up menu will appear asking for your email ID and phone number. After entering your E-mail ID and phone number, the system will verify your phone number through OTP.
4. Following OTP verification, the user enters the process of digital account opening.
5. The first step is to provide Aadhar card details and PAN number. 
6. After verifying the validity of the numbers provided, you can choose the digital savings account option.
7. Various personal details need to be added in the next step.
8. After filling the filling in the personal details, the bank account is now essentially created.
9. However, the bank account needs to be activated by completing e-kyc and submitting the relevant documents.
10. Once the account is activated, the customer can freely use their account.

RBL Bank’s digital savings account has several salient features, such as:

• No minimum balance amount: The bank doesn’t charge its customers for lower than minimum account balance in their history.

• Easy transaction tracking through phone application: Transaction tracking becomes tedious when you have to go to a bank or an ATM to get an account statement; however, a digital savings account enables the customers to track their finance through their mobiles.

1. Easy fund transfer through IMPS, NEFT, and RTGS, without any processing fee.
2. Cash withdrawal through ATMs spread across India.
3. Higher interest rate than fellow peer banks in the industry
4. Bill payment through the mobile application
5. Virtual debit card

• Easy investments: The customers can directly invest their money into a fixed deposit or mutual funds, maximising the returns you get from just the savings account.

The digital account opening process hardly takes any time (at most five minutes). RBL Bank gives the interest of about 6.75% daily to its customers.* Using your five minutes wisely can significantly benefit anyone planning on opening a new digital savings account.

*Terms and conditions applied.

Must Read: The Ultimate Guide To Digital Saving Account