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Devaluation RBL Signature+ DC Devalued - No More Cashback on Credit Card payments & GC Purchase

ramkumar_yramkumar_y is verified member.

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RBL Signature+ Debit Card Devalued - No More Cashback Voucher on Credit Card Payment & Gift Card related MCC.

While you continue to make the most of your RBL Bank Signature+ Debit Card, we would like to update you with respect to the updated calculations for spends threshold and transactions that will be excluded for availing Monthly Voucher/Annual Voucher/waiver of annual fee, effective 01st May 2024:

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 and will also not be considered for availing the benefits of the waiver of Annual Fee:

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 1 May 2024 will be INR 25,000 for current account customers.

Full circular attached below.
 

Attachments

We regret to inform you that we are unable to serve you digitally. To open another RBL account, please visit the nearest branch.





Today I got this error while opening my first RBL savings account online. The nearest branch is 65 km away from my home.





I want to know if it is possible to open two savings accounts in a day. As my credit card spending is huge, that's why I need many RBL signature plus debit cards.





And will they do physical form KYC, or will they open an account by doing online KYC at the branch??





Is it possible to open a current account in RBL for an individual without a GST number and trade license?





If it is possible, can I get a signature plus debit card with a current account?
 
We regret to inform you that we are unable to serve you digitally. To open another RBL account, please visit the nearest branch.





Today I got this error while opening my first RBL savings account online. The nearest branch is 65 km away from my home.





I want to know if it is possible to open two savings accounts in a day. As my credit card spending is huge, that's why I need many RBL signature plus debit cards.





And will they do physical form KYC, or will they open an account by doing online KYC at the branch??





Is it possible to open a current account in RBL for an individual without a GST number and trade license?





If it is possible, can I get a signature plus debit card with a current account?
Visit RBL branch and open any saving account.

Yes, current account holder also eligible but read the t&c - current account holder monthly spend should be 25k to eligible for 2% cashback using RBL Signature+ Debit Card..
 
Visit RBL branch and open any saving account.

Yes, current account holder also eligible but read the t&c - current account holder monthly spend should be 25k to eligible for 2% cashback using RBL Signature+ Debit Card..
Is it possible to open a current account in RBL for an individual without a GST number and trade license?
 
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