BAJAJ FINSERV DIRECT LIMITED

RBL Woman’s First Savings Account

Open the women’s first savings account offered by RBL Bank to enjoy exclusive features and benefits

Interest Rates Up to 7.50% p.a.
Welcome Discounts Up to ₹2,500
Free Insurance Up to ₹10 Lakhs

Last updated on: January 20, 2026

RBL Bank is a leading private sector bank in India that caters to the various needs of its customers. It offers a wide range of financial products and services, one of which is the RBL Bank Woman’s First Savings Account.

This account is specially designed for women and offers exclusive benefits, such as high interest rates, preferential locker pricing, attractive lifestyle benefits, and more.

Interest Rates

Here are the interest rates that the RBL Bank savings account for women offers:

Daily balance Rate of Interest

Up to ₹1 lakh

3.50

Above ₹1 lakh up to ₹10 lakh

5.50

Above ₹10 lakh up to ₹25 lakh

6.00

Above ₹25 lakh up to ₹2 Crore

7.50

Above ₹2 Crore and up to ₹3 Crore

7.50

Above ₹3 Crore and up to ₹7.5 Crore

6.50

Above ₹7.5 Crore up to ₹25 Crore

6.25

Above ₹25 Crore up to ₹50 Crore

6.25

Above ₹50 Crore up to ₹75 Crore

5.25

Above ₹75 Crore up to ₹100 Crore

7.50

Above ₹100 Crore up to ₹125 Crore

7.50

Above ₹125 Crore up to ₹200 Crore

6.00

Above ₹200 Crore up to ₹400 Crore

4.00

Above ₹400 Crore up to ₹500 Crore

6.75

Above ₹500 Crore

MIBOR + 100 bps

*Note: These savings account interest rates are applicable on daily balances over ₹1 Lakh and are subject to change at the bank’s discretion. The rates mentioned above are effective from October 30, 2024.

Features and Benefits

High Interest Rates

With this RBL Bank savings account, you enjoy rates of up to 7.50% p.a. on the balance amount. This helps you keep your money secured while earning interest returns and securing growth.

Exclusive Debit Card

You could get a Woman’s First Debit Card by RBL Bank and enjoy exclusive deals and discounts.

On activating this debit card, you can get various discounts and offers from top brands, worth up to ₹2,500.

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Complimentary Insurance

You can get a complimentary cover of up to ₹10 Lakhs after activating your debit card for protection against unforeseen events.

These include air accident insurance, lost card liability, personal accident insurance, cash-in-transit liability, etc.

Read More

Additional Benefits

With this savings account, you enjoy additional benefits and facilities, such as a 10% discount on first-year locker 

rentals. You can also open one zero-balance kid's savings account, subject to a standing instruction of at least ₹500.

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Fees and Charges

Here’s a list of the fees and charges associated with the RBL Bank savings account for women:

Particulars Charges

Average monthly balance

₹10,000

Demand draft

  • Beyond free limits:

Amount up to ₹10,000 - ₹50

Above ₹10,000 - ₹5 per ₹1,000 (min. ₹75 - max ₹10,000)

RTGS outward through branch

  • ₹2 Lakhs to ₹5 Lakhs - ₹20
    Above ₹5 Lakhs - ₹40
  • OTP-based KYC: N/A

RTGS outward through digital channels

  • Nil
  • OTP-based KYC: N/A

NEFT outward through branch

  • Less than ₹50,000 - ₹2
    ₹50,000 to ₹1 Lakh - ₹5
    Above ₹1 Lakh - ₹10
  • OTP-based KYC: N/A

NEFT outward through digital channels

  • Nil
  • OTP-based KYC: Nil

IMPS outward

  • Up to ₹1 Lakh - ₹5 per transaction
    Above ₹1 Lakh - ₹15 per transaction
  • OTP-based KYC: Standard charges

Cash deposit

  • Beyond free limits: ₹3 per ₹1,000; min. ₹100
  • OTP-based KYC: N/A

Cash withdrawal

  • Nil
  • OTP-based KYC: N/A

Account closure charges (in case of closure within 6 months)

  • ₹500
  • OTP-based KYC: N/A

Note: The aforementioned fees and charges are effective from 7th April 2024 and are subject to change as per the rules and policies of the bank.

Documents Required

You need the following documents to open the savings account:

  • Permanent Account Number (PAN)
  • Aadhaar card

Also, keep a blank paper and pen nearby. With the RBL Bank Woman’s First Savings Account, you can easily manage your finances and benefit from numerous exclusive perks. You can also check other savings account options on Bajaj Markets and choose one that best fits your requirements.

Financial Content Specialist

Reviewer

Poshita Bhatt

Frequently Asked Questions

What are the eligibility criteria to open the RBL Bank Digital Women Savings Account?

Any woman above the age of 18 years is eligible to open the RBL Bank Woman’s First Savings Account.

The minimum balance requirement for this account is ₹10,000.

You need to pay an annual fee of ₹500 for this debit card.

Yes, you can pay your utility bills, insurance premiums, subscriptions and more.

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