RBL Bank Savings Account vs State Bank of India (SBI) Savings Account

Interest Rate

Up to 6.25% p.a.
2.70% p.a.

Minimum Balance

Zero Balance Savings Account
NIL or Metro & Urban: Rs. 3000, Semi-Urban: Rs. 2000, Rural: Rs. 1000

Monthly Average balance

Rs. 5000
NIL

Features

Free transfer of funds using NEFT & RTGS 

Phone Banking | Mobile Banking | SMS Banking & Alerts | E-Statement | Internet Banking | Online Bill Payment Services

Get free Replacement of Damaged card 

 Higher Fixed Deposit rates 

Unlimited free transactions at RBL Bank's ATMs             

Internet banking/ mobile banking facility

SMS Alerts and e-statement facility

YONO App facility

State App Anywhere

SBI Quick Missed Call Facility

ATM facility

Documents Required

* Aadhaar number and PAN number

* Two passport size photographs

* Completely filled application form

* Passport, Voter ID, driving license

* Salaried employees will might be asked to submit bonafide authorization letter from its employer and salary slips

* Application form along with Photographs

(a) Proof of identity (any of the following with authenticated photographs thereon):

(i) Passport

(ii) Voter ID card

(iii) PAN Card

(iv) Govt./Defence ID card

(v) ID cards of reputed employers

(vi) Driving Licence

(b) Proof of current address (any of the following)

(i) Credit Card Statement

(ii) Salary slip

(iii) Income/Wealth Tax Assessment Order

(iv) Electricity Bill

(v) Telephone Bill

(vi) Bank account statement

(vii) Letter from reputed employer

(viii) Letter from any recognized public authority

(ix) Ration Card


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