This zero-balance savings bank account provides up to 7.5% interest, free CIBIL Score and more

financialexpress.com:

RBL Bank has announced the launch of GO Savings Account, a zero-balance account with a simple account opening process and easy-to-operate features. This account will be available to customers of all age groups.

In a statement, the RBL Bank said that the GO Savings Account signifies a modern shift in the world of banking, presenting a novel subscription-based model.

RBL Bank’s Go Savings Account provides multiple customer-friendly advantages such as high-interest rates of up to 7.5% per annum, a premium debit card, vouchers worth Rs. 1,500 for premier brands, comprehensive cyber insurance cover, accident and travel insurance up to Rs 1 crore, free CIBIL report, and an array of premium banking services.

All benefits of RBL Bank’s Go Savings Account are bundled into a single package at a 1st-year subscription fee of Rs. 1999 + taxes and an annual renewal fee thereafter of Rs. 599 + taxes.

The bank said that the streamlined account opening process will enable customers to open an account in minutes by providing their PAN and Aadhaar details. Further, GO Account holders will enjoy fee-free transactions.

Also Read: 10 things to do with your credit cards to maximise your savings

“The launch of ‘GO Savings Account’ bridges the gap between traditional and digital banking by offering a compelling value proposition for customers. With our user-friendly account opening experience bundled with the new-age subscription-based model and services there on, we aim to bring digital convenience to a larger customer segment,” said Deepak Gaddhyan, Head of Branch and Business Banking, RBL Bank.