Online Digital Savings Account: Easy,Secure and Convenient

Digital Savings Account - Prime

Banking made easy with our Savings Account that's just a click away. Open digitally with the convenience of using your Aadhaar and PAN Card. You can start enjoying the benefits immediately. Don't wait, experience easy banking now.

Earn up to

6.00* % p.a.

Savings Account

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7.20* % p.a.

Fixed Deposits

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*T&C Apply

Check the interest rate for digital savings account prime and fixed deposits

Key Benefits

Virtual Debit Card

When you open this Savings Account, you also receive a Virtual Debit Card that can be used for online shopping, recharges, scan-and-pay at retail locations, and other bill payments.

Investment Options

This Savings Account makes investing incredibly simple. Easily deposit any extra money into a Fixed Deposit to maximize your savings. You can also invest your money in mutual funds. Just make an SIP or RD for at least INR 2,000. (Applicable only on Digital Savings Account – Prime)

Easy Bills Pay

Easily pay bills with the Digital Savings Account - Prime's bill-pay feature. Pay electricity, telephone, mobile, gas, and other bills conveniently and never worry about being late.

Mobile Banking

This is another significant benefit of having this Savings Account. Simply log onto RBL MyBank whenever you wish to view any transactions that have taken place in your account, and you'll get all the details in one place.

Get a Virtual Debit Card

Get this for your daily transactions and live your life stress-free. With no annual fees, you can easily use this Debit Card for online purchases and payments just like a traditional debit card.

Once you've set up the Digital Savings Account - Prime, your Virtual Debit Card will be accessible through RBL MyBank app (subject to verification).
Access RBL MyBank App >> On the home page, click the RBL Bank icon >> Your Debit Card Management >> Learn more about your Virtual Debit Card >> For all of your transactions, use your card number and CVV.
The usage of this card is possible for online shopping, recharges, scan-and-pay at retail locations, and bill payments.

Get your Digital Savings account prime virtual debit card

FAQs

How can I open a Digital Savings Account - Prime?

You can open it in two ways: by visiting our website or by installing the RBL MyBank App. In both cases, you must provide your mobile phone number as well as your Aadhaar and PAN card numbers.

How can I transfer funds?

Your Digital Savings Account - Prime makes money transfers quick and easy. You can transfer money in a variety of methods, and most of them are cost-free. The quickest method is IMPS, which enables instantaneous money transfers at any time, on any day of the week, including on holidays. There can be a minor fee associated with this. The services like 24-hour NEFT service and RTGS can be used to send greater sums of money—over INR 2 lakhs.

What is the required minimum amount per month for this account?

You must maintain a consistent balance in your account of INR 5,000. If you start an SIP or Recurring Deposit for INR 2,000 or more, you can get the average balance requirement waived.

Does interest from a Digital Savings Account - Prime have to be taxed?

Deposit interest is applied to your income and taxed in accordance with your tax bracket. However, under section 80 TTA of the Income Tax Act, interest from savings accounts up to INR 10,000 earned in a fiscal year is free from taxation.

How many withdrawals from an ATM am I permitted to make?

The number of ATM withdrawals you can make from an RBL Bank Digital Savings Account - Prime is unrestricted. The amount you can remove each month is up to you. After the sixth transaction, ATM withdrawals from other banks will incur fees.

What is the least amount of FD/RD that I may book through the RBL MyBank App?

Both FDs and RDs must be booked for a minimum of INR 5,000 and INR 1,000 respectively.

How can I do transactions using my mobile phone?

You can conduct transactions with your Digital Savings Account - Prime using a computer or a mobile device. Please download RBL MyBank App from Google Play Store or App Store on your mobile device. You may perform a variety of operations using the app, including checking balances, transferring money, opening a savings account, and even applying for credit cards and loans.

Can I use my Digital Savings Account - Prime to make periodic deposits online?

You can make an online reservation for an RD using your savings account.

How do I request a cheque book?

- Online banking: Username and password required for login >> to select requests go to the check select "new cheque book"
- RBL MyBank App: Sign in using your MPIN >> Click on requests. Choose Cheque book Services. Select "Request Cheque book"
- Please take note that only after your entire KYC is completed can a cheque book be supplied for your Digital Savings Account - Prime.

RBI Notifications

Service Charges

Interest Calculation for Savings Account

Link Your RBL Bank Account to Aadhaar

Aadhaar Enrolment and Updation at RBL Bank Branches

***Savings Account Interest Rates

Daily balance	Rate of Interest (per annum)	Effective Annualised Yield
	Effective from June 18, 2026
Upto INR 5 lakh	3.00%	3.04%
Above INR 5 lakh upto INR 10 lakh	5.00%	5.12%
Above INR 10 lakh upto INR 7.5 Crore	6.00%	6.17%
Above INR 7.5 Crore	5.50%	5.64%

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Open Savings Account Online

Note:

Starting May 01, 2025, interest in Savings Bank Accounts is paid monthly instead of quarterly. The interest is calculated daily and is credited to customers’ accounts on the last day of each month.
The Bank calculates Savings Interest based on the actual number of days in a year. If your savings span both a leap year and a non-leap year, the interest is calculated accordingly: 366 days for a leap year and 365 days for a non-leap year.
The Savings Account interest rate is calculated using a progressive slab method and paid to customers based on the applicable interest rate.

To understand the interest calculation with an example click here.