RBL Savings Account Experience

[Ankit Goyal]

Hi,

RBL bank is giving higher interest rate currently. Does anyone have experience dealing with RBL bank which might be useful to anyone who wishes to open savings account with them for higher interest rate. Do let us know.. thanks

 

[4uziaul]

Which restrictions? Can plz elaborate?

@Abhishek012 your services are required. 🤭

 

[blaze]

I have opened my Digital savings account with RBL. Which DC should I choose ? Signature+ or Enterprise ? my only motto is to pay CC bills and earn cb. I know Enterprise gives 5% but does signature+ and enterprise both are working in all platforms wherever Signature+ dc worked to get cashback?

If you are gonna pay credit card bills above 50k per month signature is better otherwise edc.

 

[blaze]

Which restrictions? Can plz elaborate?

Credit card payment made only by freecharge is counted as bill payment for edc. And net return is aroun 3.7% per month. This calculation doesn't count yearly charges which are non reversible.

 

[narun2001]

I have two questions regarding EDC if someone can help
1. For EDC, I understand as of now only Freecharge is being counted as bill payment for getting monthly vouchers. Just wanted to understand if it's the same for yearly milestones also. If I pay through Payzapp and even if it doesn't get me monthly vouchers, will it still be counted for yearly milestones?
2. Where can I see the reward points for my debit card?

Thanks in advance

 

[jeevanreddy58]

EDC devalued..
Min spends purchase is 25k

1. International transactions and/or transactions carried out on the Merchant Category Codes (MCC) listed below will be excluded from availing Monthly and Annual vouchers.
6012 (Financial Institutions – Merchandise, Services, and Debt Repayment)
6051 (Non-Financial Institutions – Foreign Currency, effective through 19 January 2024, Non-Fiat Currency and effective from 20 January 2024 Liquid and Cryptocurrency Assets (for example: Cryptocurrency), Money Orders (Not Money Transfer), Account Funding (not Stored Value Load), Travelers Cheques, and Debt Repayment)
6540 (Non-Financial Institutions – Stored Value Card Purchase/Load)
6211 (Security Brokers/Dealers)

2. The minimum spends threshold for being eligible for Monthly vouchers with effect from 01st May 2024 will be revised from INR 20,000 to INR 25,000 for current account customers.

3. The spends on below MCC will not be eligible for monthly vouchers:
Spends on MCC 4814 (Telecommunication Services, including Local and Long-Distance Calls, Credit Card Calls, Calls Through Use of Magnetic Stripe-Reading Telephones, and Fax Services) will not be eligible for monthly cashback as vouchers under the Category of 5% Cashback as vouchers on Utility Payment (Electricity, Gas , Water etc.).

Full pdf : EDC devalued pdf

 

[RupayMan]

EDC devalued..
Min spends purchase is 25k

Also account funding is not eligible

 

[blaze]

Nothing major, we still get 3.7% return on freecharge

 

[Noobyy]

EDC devalued..
Min spends purchase is 25k

1. International transactions and/or transactions carried out on the Merchant Category Codes (MCC) listed below will be excluded from availing Monthly and Annual vouchers.
6012 (Financial Institutions – Merchandise, Services, and Debt Repayment)
6051 (Non-Financial Institutions – Foreign Currency, effective through 19 January 2024, Non-Fiat Currency and effective from 20 January 2024 Liquid and Cryptocurrency Assets (for example: Cryptocurrency), Money Orders (Not Money Transfer), Account Funding (not Stored Value Load), Travelers Cheques, and Debt Repayment)
6540 (Non-Financial Institutions – Stored Value Card Purchase/Load)
6211 (Security Brokers/Dealers)

2. The minimum spends threshold for being eligible for Monthly vouchers with effect from 01st May 2024 will be revised from INR 20,000 to INR 25,000 for current account customers.

3. The spends on below MCC will not be eligible for monthly vouchers:
Spends on MCC 4814 (Telecommunication Services, including Local and Long-Distance Calls, Credit Card Calls, Calls Through Use of Magnetic Stripe-Reading Telephones, and Fax Services) will not be eligible for monthly cashback as vouchers under the Category of 5% Cashback as vouchers on Utility Payment (Electricity, Gas , Water etc.).

Full pdf : EDC devalued pdf

That's for current account holders I guess

 

[jeevanreddy58]

That's for current account holders I guess

no . .

 

[Noobyy]

no . .

Look 2nd point

 

[jeevanreddy58]

Look 2nd point

it seems spends increased for current accounts

 

[card_007]

Is SIg+ and EDC still working on Unipay for cb?