Wealth Management

The customer must be

• Resident Individual having savings account or NRI having NRE
  or
  NRO savings account with RBL Bank
  or
  Joint savings account holder with either or survivor mode of operation (single investment account is allowed with single holding)

• KYC compliant with one of SEBI registered KRAs (KYC registration agency)

• Net Banking active

Yes! NRI customers are also allowed to transact given they meet all the eligibility criteria provided there is no country restriction from AMC or any regulatory body.

KRA is SEBI registered KYC registration agency which is responsible for validating and uploading the individual’s KYC data on a central repository. KYC with SEBI registered KRA can be done by visiting the nearest RBL Bank branch.

It will take less than 5 minutes to open the online investment account, provided you meet the eligibility criteria and name in PAN matches with the bank records.

You do not have to sign any document, provided you meet the eligibility criteria. Only the non-KYC compliant customers have to visit branch and sign documents to get KYC complaint with KRA (KYC registration agency).

Yes it is required in all cases.

You can place a request even on a holiday. However, your request will be processed on the next business day with units allocated/redeemed/ switched at the applicable NAV for that particular day.

You can start investing instantly after opening the online investment account.

Close ended schemes and ongoing Systematic Investment Plan (SIP) cannot be transferred from Offline to Online mode. Further, it is applicable only for Folios with mode of Holding: Single or Anyone or Survivor.

Yes it is possible. First, you need to undertake change of broker code in favour of RBL Bank by submitting a standard broker change request with the AMC / Registrar. Please visit the nearest RBL Bank branch to seek clarification with Investor counsellor. Thereafter, once RBL Bank is registered as a Distributor for that Folio, you need to submit Offline to Online Conversion Request Form.

Account on hold/ under process means that the name in customer’s PAN does not match with records available with bank. Our operations team is reviewing your case and you will be communicated within 3 business days after applying, whether your account is approved or not.