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HomePersonal FinanceBalance Account Benefits: This Bank is giving 7.5% return like FD on...

Balance Account Benefits: This Bank is giving 7.5% return like FD on zero balance account, insurance cover up to Rs 1 crore

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Zero Balance Account Benefits: On this savings account you get the facility of free premium go debit card, free credit report, easy cash withdrawal.


New Delhi: Fixed Deposit i.e. FD is considered the best option for investment. Despite many investment options available today, people have more faith in fixed deposits. The biggest reason for this is that FD is a secured investment. In this you get guaranteed return. But do you know that even on Saving Account, you can get interest like Fixed Deposit i.e. FD and there is no need to maintain minimum balance. Here we are going to tell you how and where you can get this facility.

FD like interest without any minimum balance

Generally it is necessary to maintain minimum balance in the savings account. If you do not do this then banks charge you. If we talk about the interest rate on savings account, it is usually around 4 percent. But there is also a bank where you can get interest like fixed deposit i.e. FD on savings account without any minimum balance (Fixed Deposit Interest Rates 2023).

Recently RBL Bank has started a Digital Savings Account by the name of Go Account. This is a zero balance account, on which you are getting returns at the rate of 7.5 percent. Let us know about this special saving account of RBL Bank and all its benefits.

Insurance cover up to Rs 1 crore

According to the website of RBL Bank, on this savings account you get the facility of free premium go debit card, free credit report, easy cash withdrawal. Apart from this, cyber insurance cover up to Rs 1 crore, accident insurance cover and travel insurance cover are also given.

You will get these benefits only after taking subscription

This Zero Balance Account is a Subscription Bank Account. To avail this benefit you will have to pay an annual charge. The subscription fee for the first year is Rs 1999, whereas later you will have to pay Rs 500 annually. Apart from this you will also have to pay GST. However, if you spend more than Rs 1 lakh in a year through the debit card that comes with this account, this annual charge will be waived off for you.

How to open special zero balance account

To open this zero balance account of RBL Bank, you must have PAN card and Aadhar card. If you have these documents then you can easily open this account with the help of apps or online sites. Since it is a digital account. Therefore, you can easily access it from your mobile while sitting at home.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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