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| Highlights |
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| Bank |
Royal Bank of Scotland |
| Category |
Privileged Account |
Minimum AQB
(Average Quarterly Balance) |
The account can be maintained at zero balance, but the account holder requires to fulfil the monthly transaction criteria.
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| Interest Rate |
4% |
| Card Offered |
ATM cum Debit Card
Rs. 180 per annum
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Main Features
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- This account can be maintained at zero balance but the account holder requires to fulfil certain monthly transaction criteria in order to avoid penalty.
- Standing instruction facility available with this account.
- 365 days banking facility available at selected bank branches.
- ATM and doorstep banking, internet banking, drop box and phone banking facilities are available with this account.
- Monthly account statements are sent through E-Mail.
- Facility of utility bill payment also available.
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 Fees & charges
Fees & charges
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| Charges for non maintenance of minimum quarterly average balance |
Rs. 500, if customer is unable to fulfil monthly transaction criteria. |
| Cash withdrawal at ATMs in India |
Free at the bank ATM and 5 transactions free at other bank ATM' and after that Rs. 20 will be charged per transaction. |
| Cash withdrawal at ATMs in outside India |
Rs. 120 |
| Debit Card spending limit |
Supplementary Card spending limit per day is rs. 10,000. |
| Balance inquiry at own bank |
Free |
| Balance inquiry at Other banks |
Rs. 20 |
| ATM cash withdrawl limit |
Rs. 50,000 |
| Issue of DD drawn on base Bank/banks branch by cheque/transfer |
Rs. 50 |
| DD cancellation/Revalidation |
Rs. 50 |
| DD drawn on correspondent location/other bank |
0.25%
(Min. of Rs. 50, Max. of Rs. 8,000)
Drawn on SBI locations
(Min. of Rs. 50, Max. of Rs. 8,000) |
| Statement/Duplicate Account Statement |
Rs. 100 |
| Cheque Books |
Rs. 50 |
| Outstation cheque collection |
Up to and including Rs. 5,000 Rs. 25
Above Rs. 5,000 and up to and including Rs. 10,000 Rs. 50
Above Rs. 10,000 and up to and including Rs. 1,00,000 Rs. 100
Above Rs. 1,00,00 Rs. 150 |
| Return of Cheque |
Rs. 350 |
| Stop Payment for individual cheque or a range of cheques |
Rs. 100 |
| Closure of Account |
Rs. 500, if the account is closed within 12 months of opening. |
| Interest Certificate |
Free
Duplicate Interest certificate - Rs. 50 |
| Balance Certificate |
Rs. 50 |
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Services & Features
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Services & Features
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| Overdraft Facility |
No |
| Reward Points |
No
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| Internet Banking |
Yes
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| Phone Banking |
Yes
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| Mobile Banking |
Yes
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| SMS Alerts |
Yes
Rs. 25 per month.
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Terms & Conditions
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Terms & Conditions |
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- These are the terms and conditions that are required to be followed in order to avoid service charges.
- One of the following is required to be fulfilled.
1. Investments - Rs. 50,000 of equity or Rs. 2,00,000 of Debt or Systematic Investment Plan of Rs. 2,000 per month (minimum tenor of 12 months) at the time of sign up.
- 2. Insurance - Any insurance policy with a Direct Debit mandate to your Flex Advantage Savings Account.
- 3. Credit Card - Standing Instructions for minimum payment of your RBS Credit Card from your Flex Advantage Saving Account
- 4. Fixed Deposit - Any RBS Fixed Deposit over Rs. 50,000 (minimum tenor six months).
- Any two of the following are to be performed every month
- 1. Investment Payments - Make any Mutual Fund or Systematic Investment Plan payment by cheque or through Direct Debit from your Flex Advantage Savings Account.
- 2. Insurance Payments - Pay your insurance premium through Direct Debit, cheque or the Bill payment option, available through Bank by Phone, Netbanking or ATMs.
- 3. Credit Card Payment - Payment of any Card (The Royal Bank of Scotland N.V. or otherwise) through Direct Debit, cheque or the Bill payment option, available through Bank by Phone, Netbanking or ATMs.
- 4. Loan Payment - Payment of loans from The Royal Bank of Scotland N.V. or any other bank through cheque or standing Instructions.
- 5. Bill payments - Utility payments through cheque or the Bill payment option, available through Bank by Phone, Netbanking or ATMs.
- 6. Retail Purchase - Any purchase through your RBS Debit Card.
- 7. Deposits - Any deposits to your Flex Advantage Savings Account in the form of cheques, cash or fund transfer.
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