RBL Bank

RBL Bank, previously known as Ratnakar Bank Limited, is a private scheduled commercial bank. It was founded in the year 1943 and headquartered in Kolhapur, Maharashtra. It provides banking and financial products and services to the customers with an employee strength of over 2,798 employees. The bank has a vast network of over 193 bank-branches in more than 13 Indian states.

RBL bank offers specialized services namely: Corporate & Institutional Banking, Branch & Business Banking, Retail Assets, Commercial Banking, Treasury and Financial Markets Operations, Development Banking and Financial Inclusion. It serves more than 6.5 million customers through 324 branches, 993 business correspondent branches (of which 226 are banking outlets) and 341 ATMs spread across 21 Indian states and Union Territories. RBL is listed on both the National Stock Exchange and Bombay Stock Exchange.

RBL offers various services to customers, which are as follows:

• Internet Banking

• Mobile Banking

• SMS Banking

• Requests for Cards through the Internet and Mobile banking

RBL Launches Edition Credit Cards along with Zomato

Zomato, in partnership with RBL Bank Credit Cards, has launched Edition Credit Cards. Released on March 2, 2020, Edition Credit Cards come in Normal and Classic variants, and are available on the MasterCard platform.

Providing a reward rate of 5%-10% on dining, the base reward rate varies between 1%-2%. These dining credit cards also provide complimentary annual membership of Zomato Gold.

IFSC Code of RBL Bank

IFSC code was introduced by the RBI to identify the bank and its specific branch, to build a strong and efficient interbank money transfer system. In RBL, it is an eleven digit code that differs for every branch, even if the branch is of the same bank.

IFSC code is widely used in electronic fund transfers. However, a customer of a bank must know the IFSC code of his particular branch. This aids in fund transfers apart from helping you manage your account.

Products Offered by RBL

Credit Cards

RBL Bank issues a variety of credit cards that cater to the requirements of its consumers. These cards satisfy the customer’s needs, such as travel or lifestyle, at a competitive rate of interest. There are exclusive benefits like cash back offers, reward schemes, and much more. The different types of credit cards offered by RBL are mentioned below:

• Platinum Maxima Card

• Platinum Delight Credit Card

• Platinum Cricket Credit Card

• Mocash Credit Card

• Titanium Delight Card

• Movies and More Card

Features and Benefits of RBL Bank Credit Card

• Enhanced Protection with an EMV Microchip

• Active Alerts

• Flexible Credit Limits

• Online Banking

• 24/7 Customer Care

• Reward points

• Cash Advance

• Add-on cards for your family members

• No Fraud Liability

• Specialized Privileges

Debit Cards

RBL Bank debit cards have immense benefits to make your life more simple. The cards are packed with many offers and cash backs. It is an excellent financial tool to help you book tickets, do online shopping, pay for products and services at retail stores, and also make ATM transactions. The types of debit cards offered by RBL Bank are as follows:

• Platinum First Debit Card

• Titanium First Debit Card

• RBL Bank Woman’s First Debit Card

• Business First Debit Card

• Signature World Debit MasterCard

• India Startup Club Business Debit Card

• RBL Bank Classic Debit Card

• RBL Bank Platinum Debit Card

• RBL Bank Rupay Debit Card

• RBL Bank Rupay Kisan Card

Savings Account

RBL offers quite a few savings accounts in order to meet the requirements of all the customers. Customers can earn ample rewards in the form of interest by depositing money in the RBL savings account. Such savings account schemes can earn you a comparatively higher interest rate of up to 6.50% per annum. Different types of savings accounts that are offered by the bank to meet the diverse needs of customers are as follows:

• Advantage savings account

• Executive salary account

• Prime savings account

• Prime edge savings account

Deposits

Deposit schemes are also available with RBL bank for those who want a higher return than their savings accounts. The interest offered on the deposits is directly linked to the deposit tenure. These are the different types of Fixed Deposit (FD) accounts available with RBL:

• Regular Fixed Deposit

• Tax Savings Fixed Deposits

• Flexi-Sure Fixed Deposit

• Senior Citizen Fixed Deposit

• Recurring Deposit

Interest Rates of Fixed Deposit Accounts

Deposits made for a period of 7 - 364 days are short-term deposits, and the interest rate ranges between 5 - 7.15% p.a. While the deposits above one year earn a slightly higher interest rate of up to 7.25% p.a. Also, senior citizens can avail a 0.50% higher interest rate on their deposits.

Loans

RBL bank offers a variety of loan products to fulfill the requirements of the consumers. The loans provided by RBL match the needs of the customers perfectly and are offered at attractive rates of interest with flexible payback options. The various loans offered by RBL are as follows:

• Loan against Property

• Home Loans

• Personal Loan

• Car Loan

Digital Savings Account

RBL Bank's Digital Savings Account is a convenient, secure and the fastest way of opening an account online. You just need your Aadhaar card number and PAN to open a savings account or savings and fixed deposit account. The features of the digital savings account are as follows:

• Instant & paperless

• Anytime banking

• Higher interest rates

• Unlimited ATM transactions

• No charges on non-maintenance of balances

RBL Customer Care

RBL bank provides a thorough Customer Care service to its customers. Customers can contact the bank at its offices or call on the Phone Banking Numbers within India. These services are available for 24X7. Customers can contact the customer care executive for any of the following reasons:

• Phishing and email fraud

• Tips for safe ATM usage

• Do’s and don’ts to protect your account

• Tips for secure internet banking

• Proper and effective use of internet banking

• Know your customer guidelines

• Benefits of Aadhar linking with bank accounts

• NEFT system and RTGS system

• Banking ombudsman

• Nomination facility