How to Open RBL Bank Zero Balance Account Online – 2024

Today, accessibility and comfortability have become important elements of modern banking. Thus, to ensure the same, RBL Bank allows you to open RBL Bank Zero Balance Account. This account is designed to eliminate entry barriers and provide you with unmatched banking convenience. 

Now, you may have many questions about the RBL Bank Zero Balance Account requirements, benefits, eligibility, account opening steps, etc. Read this article to get the answer to each of your questions. 

Types of RBL Bank Zero Balance Account

RBL Bank provides a zero balance account, referred to as the GO Account. This RBL Bank Zero Balance Account is structured to meet your financial needs, making financial services available to everyone. It offers all the benefits of conventional banking without the necessity of maintaining a specific account balance. 

How to Open RBL Bank Zero Balance Account Online?

RBL Bank zero balance account opening online is very easy and straightforward. To open an RBL Bank zero balance account online, you just have to follow these simple steps:

• Step 1: Visit the RBL Bank Website
  • Go to the RBL Bank official website.
• Step 2: Go to Personal Banking
  • Go to Personal Banking and select accounts. Under accounts, saving account. You may now select the “Open Now” option.
• Step 3: Starting the Application Process
  • Next, you will be redirected to the next page. Select the option “Open Go Account”.  Select the option and start the application. 
• Step 4: Start KYC
  • A new window will appear.  Click “Continue” once you’ve accepted the terms and conditions. Once you select continue, the KYC process will begin. You need to enter the number linked to your Aadhar and press continue.  A new dialog box will appear with terms and conditions. Select all the checkboxes based on your preferences and press ‘Continue’.  In the new window, add your Aadhar number. Upon entering the number, you will get OTP. You should verify the OTP and KYC will be completed. 
• Step 5: Frill out the Application Form
  • Once the KYC is done, you must add your personal details. 
• Step 6: Review and Submit
  • Please review your application carefully and submit it once everything is accurate.
• Step 7: Pay the Joining Fee
  • You will be asked to pay a fee once your KYC of zero balance account RBL Bank is complete. After this, you can enjoy benefits worth  ₹10,000 with your account.

How to Open an RBL Bank Zero Balance Account Offline?

To open an RBL Bank zero balance account offline, you just have to follow these simple steps:

• Step 1: Locate Your Nearest RBL Bank branch
  • You can start by finding the closest RBL Bank branch.
• Step 2: Make a request and fill Out the Application
  • At the bank, ask for the application form for a savings account. Fill in all the required information.
• Step 3: Provide Your Documents
  • You will need to submit proof of identity and address for opening a RBL zero balance account. This could include documents like your Aadhaar Card, PAN card, or Voter ID. Do not forget to provide the original paperwork for confirmation.
• Step 4: Undergo the KYC Process
  • The bank will conduct a Know Your Customer (KYC) process to confirm your identity for the RBL 0 balance account.
• Step 5: Make an Initial Deposit (if necessary)
  • Some accounts may require an initial deposit. However, a zero-balance account typically does not.
• Step 6: Activate Your Account
  • Your account will be activated after your details have been verified and the KYC process is complete. You will receive a welcome kit with your passbook, chequebook, and debit card. You have successfully completed the RBL zero balance account online opening process.

RBL Bank Zero Balance Account Interest Rates

The RBL Bank 0 balance account offers competitive interest rates, making banking accessible and rewarding. Below is a table of the interest rates for RBL Bank Zero Balance Account:

*On daily balances in excess of ₹1 lakh

Fees and Charges of RBL Bank Zero Balance Account

RBL Bank Zero Balance Account has a transparent fee structure to ensure customers clearly understand associated charges. The applicable charges on the RBL Bank zero account opening are:

1. Subscription Fee

When you open the account, you must pay a one-time fee of ₹1999 (plus taxes). This is for the first year and replaces the minimum balance.

2. Annual Renewal Fee

From the second year onwards, you must pay ₹599 (plus taxes) annually. This lets you keep using the account benefits.After you pay these fees, you can use all the GO Account benefits for free. 

Eligibility Criteria to Open RBL Bank Zero Balance Account

To be eligible to open an RBL Bank zero balance account, you must meet certain criteria. The criteria are:

1. Residency

You need to be a resident of India and an Indian national above the age of 18.

2. Aadhaar and PAN

You need to have a valid Aadhaar and PAN.

3. Mobile Number

The mobile number you’ve linked with your Aadhaar should be registered.

Documents Required to Open RBL Bank Zero Balance Account

To open an RBL Bank zero balance account, you must provide certain documents for identity verification and regulatory compliance. The required documents are:

1. Two Recent Photos

Bring two recent passport-size photos.

2. Proof of Identity

You can use an Aadhaar Card, Driving License, PAN Card, Voter ID, Senior Citizen Card, or any Government ID Card.

3. Proof of Address

You can use a Passport, Aadhaar Card, Utility Bills, or a Bank statement with a cheque.

4. Aadhaar and PAN details

These are mandatory for RBL Bank zero balance account opening.

Note: You also need a blank paper and a pen for the Video Know Your Customer (VKYC) process. 

RBL Bank Zero Balance Account Welcome kit

After RBL Bank account opening zero balance, you receive a specially designed welcome kit. This kit contains all the essentials to start your banking relationship with RBL Bank. The welcome kit of RBL Bank Zero Balance Account includes:

1. Debit Card

A debit card that allows you to withdraw money from ATMs and make payments at merchant outlets.

2. Cheque Book

A book of cheques you can use for payments and withdrawals.

3. Passbook

A book that records all transactions made in your account.

4. Internet Banking Details

Information on how to set up and use Internet banking.

5. Mobile Banking Details

Instructions on how to set up and use mobile banking.

RBL Bank Zero Balance Account Helpline

If you need any assistance or have queries related to your RBL Bank Zero Balance Account, RBL Bank provides a dedicated helpline service. You can contact them through:

Final Word

The RBL Bank Zero Balance Account is a great choice for those who want easy banking without worrying about maintaining a minimum balance. Also, the RBL Bank 0 balance account opening online is very simple and understandable. So, whether you’re a student or a working professional, this account is flexible and convenient. There’s no minimum balance, so you have more control over your money. Get your account today.

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Disclaimer

This article is solely for educational purposes. Stable Money doesn't take any responsibility for the information or claims made in the blog.