Open Instant Digital Savings Account Online @ 5 Mins (2024)

When you open this Savings Account, you also receive a Virtual Debit Card that can be used for online shopping, recharges, scan-and-pay at retail locations, and other bill payments.

This Savings Account makes investing incredibly simple. Easily deposit any extra money into a Fixed Deposit to maximize your savings. You can also invest your money in mutual funds. Just make an SIP or RD for at least INR 2,000. (Applicable only on Digital Savings Account – Prime)

Easily pay bills with the Digital Savings Account's bill-pay feature. Pay electricity, telephone, mobile, gas, and other bills conveniently and never worry about being late.

This is another significant benefit of having this Savings Account. Simply log onto RBL MoBank whenever you wish to view any transactions that have taken place in your account, and you'll get all the details in one place.

You can open it in two ways: by visiting our website or by installing the RBL MoBank App. In both cases, you must provide your mobile phone number as well as your Aadhaar and PAN card numbers.

Your Digital Savings Account makes money transfers quick and easy. You can transfer money in a variety of methods, and most of them are cost-free. The quickest method is IMPS, which enables instantaneous money transfers at any time, on any day of the week, including on holidays. There can be a minor fee associated with this. The services like 24-hour NEFT service and RTGS can be used to send greater sums of money—over INR 2 lakhs.

You must maintain a consistent balance in your account of INR 5,000. If you start an SIP or Recurring Deposit for INR 2,000 or more, you can get the average balance requirement waived.

Deposit interest is applied to your income and taxed in accordance with your tax bracket. However, under section 80 TTA of the Income Tax Act, interest from savings accounts up to INR 10,000 earned in a fiscal year is free from taxation.

The number of ATM withdrawals you can make from an RBL Bank Digital Savings Account is unrestricted. The amount you can remove each month is up to you. After the sixth transaction, ATM withdrawals from other banks will incur fees.

Both FDs and RDs must be booked for a minimum of INR 5,000 and INR 1,000 respectively.

You can conduct transactions with your Digital Savings Account using a computer or a mobile device. Please download RBL MoBank App from Google Play Store or App Store on your mobile device. You may perform a variety of operations using the app, including checking balances, transferring money, opening a savings account, and even applying for credit cards and loans.

You can make an online reservation for an RD using your savings account.

- Online banking: Username and password required for login >> to select requests go to the check select "new cheque book"
- RBL MoBank App: Sign in using your MPIN >> Click on requests. Choose Cheque book Services. Select "Request Cheque book"
- Please take note that only after your entire KYC is completed can a cheque book be supplied for your Digital Savings Account.