Is RBL bank saving account safe?

RBL Bank savings accounts are designed to provide optimal safety and security when cash is stored in the savings account. There are different savings accounts for different needs. The bank has cutting edge technology which enables anytime, anywhere banking in the form of internet banking and mobile banking.

Is digital savings account safe?

A digital savings account is an electronic deposit of your money. It allows easy access to your funds from anywhere at any time. It is safe and secure to use.

How do I cancel my RBL digital savings account?

In order to close your bank account, the first step is to fill up an Account Closure Form. You can download it from bank’s website or alternatively, you can visit your home branch, get the account closure form and fill it up properly.

What are digital only banks?

A digital-only bank provides banking facilities exclusively through digital platforms, such as mobile, tablets, and the Internet. It offers basic services in the most simplified manner, with the help of electronic documentation, real-time data, and automated processes.

Which is better digital saving account or Insta saving account?

The difference is one: SBI Insta Savings Account does not require any visit to the bank at all, whereas SBI Digital Savings Account may require an initial visit to the branch. Minimum balance requirements for these accounts are the same as other SBI Savings Bank Accounts, subject to a maximum balance of Rs. 1 lakh.

What is the difference between saving account and Digital saving account?

Debit card: Digital savings accounts are associated with Virtual Debit cards that can be used for online and ecommerce transaction without need of carrying a plastic card everywhere. On the other side, Regular Savings accounts have regular physical debit cards that also require yearly maintenance charges.