Bank Interest: In today time, there are many people who want to invest and in such a situation, fixed deposits are considered to be the safest. Investing in FDs is a safer investment than many other options.But do you know.
A savings account pays interest just like a fixed deposit. Also, there is no need to maintain a minimum balance in your savings account. Let us know where and how you can get this facility.
FD-like interest on zero balance
It is usually necessary to keep a minimum balance in the savings account and if you do not do so, the bank charges you. Apart from this, you are usually given an interest of around 4% on the savings account. But there is also a bank in our country in which you are being given interest like a fixed deposit even without a minimum balance in the savings account.
RBL Bank has recently launched a digital savings account in the name of Go Account. In this zero balance account, you are given 7.5 percent interest. Here are some other benefits…
Rs 1 crore insurance cover
According to RBL Bank website, you get free premium Go debit card, free credit report, easy cash withdrawal facility on the savings account. Apart from this, you also get cyber insurance and accident insurance cover of up to Rs 1 crore and travel insurance cover.
Benefits only available after subscription
This zero balance account of RBL Bank is a subscription account. To take advantage of this, you have to pay a fee every year. Subscriptions will cost Rs 1999 in the first year and Rs 500 every year thereafter. GST is also applied on this. But if you spend more than ₹100,000 in 1 year from the debit card that comes with the account, then this annual charge will be made free.
How to open a special zero balance account
To open this zero balance account in RBL Bank, you will need a PAN card and Aadhaar card. You can easily open an account by visiting the online app or website with the help of these documents. This is a digital account, so you can also open it sitting at home.