Overview
PaySprint collaborates with RBL Bank to introduce the "GO Account" under its Saving Account opening product line. This account caters to customers seeking a seamless banking experience with attractive features and benefits. With zero balance requirements and a range of complimentary services, the GO Account aims to redefine traditional banking practices.
Goals
The primary goal of the GO Account is to provide customers with convenient and accessible banking solutions while offering a suite of benefits to enhance their financial journey. Key objectives include:
● Zero Balance Account: Eliminate the need for maintaining a minimum balance, ensuring financial flexibility for customers.
● Complimentary Features: Offer a range of complimentary services including premium debit card, CIBIL report, cyber insurance, accidental & travel insurance, joining vouchers, and international cash withdrawals to maximize customer value.
● Instant Online Account Opening: Facilitate seamless account opening through online channels, enabling customers to access banking services without hassle.
● Competitive Interest Rates: Provide attractive interest rates on deposits and savings, empowering customers to grow their wealth efficiently.
● Cash Withdrawal Limit: Customer can withdraw ₹ 1,00,000/- a day with Go Debit Card, which comes along with Go Account. The limit is subject to the customer completing full KYC.
Product Features:
| Particulars | Go Account | Savings Accounts |
|---|---|---|
| Zero Balance Account | ✓ | ❌ |
| Free Premium Debit Card | ✓ | ❌ |
| Free CIBIL Report | ✓ | ❌ |
| Free Cyber Insurance | ✓ | ❌ |
| Free Accident and Travel Insurance | ✓ | ❌ |
| Free Joining Vouchers | ✓ | ❌ |
| Free International Cash Withdrawals | ✓ | ❌ |
| Free Banking Features | ✓ | ❌ |
| Instant Online Account Opening | ✓ | |
| Free Virtual Debit Card | ✓ |
- Free Joining Vouchers - Gift Vouchers worth ₹ 1,500/-.
- Joining fee for Account ₹ 1,999 + GST. The renewal fee for GO Account will be ₹ 599 + GST p.a. (Waived off on spends of ₹ 1 Lakh or above using GO Debit Card in the previous year).
Benefits of Go Account
| Particulars | Benefits of Go Account |
|---|---|
| Easy, simple, and seamless | Open GO account online in minutes, 100% paperless |
| 0 balance account | Avoid the hassles of regularly tracking your balances by getting a 0-balance account |
| Joining Benefits | Enjoy ₹1,500 worth of GO Debit Card joining benefits |
| Industry-leading interest rates | Earn up to 7.5%* interest p.a. on the balance maintained in your GO Account |
| Annual Renewal Fee | Required only upon spending ₹1 Lakh annually using the GO Debit Card |
| Cyber Security Protection | Coverage of up to ₹1 Lakh for Cyber Insurance |
| Cash Withdrawal Limit | Customers can withdraw ₹ 1,00,000/- a day with Go Debit Card, which comes along with Go Account. The limit is subject to the customer completing full KYC |
| Free Credit Score | Obtain one complimentary CIBIL Score + Report annually |
| Free Accident and Travel Insurance | Get various types of free insurance cover up to Rs. 1 Crore along with your GO Debit Card |
| Cheque Book Issuance | Avail 50 cheque leaves per year at ₹2 per leaf |
| Outstation Clearing Charges | The estimated cost for 12 clearings per year at ₹50 per clearing |
| Demand Draft Issuance | Cost estimated for 10 DDs per year, up to ₹10,000 at ₹50 per DD, and 2 DDs per year of ₹1L at ₹5 per 1,000 per DD |
| International Cash Withdrawal at Other Bank’s ATMs | Estimated charges for 10 transactions per year at ₹125 per transaction |
| IMT Cardless Cash Withdrawal at RBL/Non-RBL ATMs | Estimated charges for 10 transactions per year at ₹20 per transaction |
| International Balance Enquiry at Other Bank’s ATMs | Estimated charges for 10 transactions per year at ₹25 per transaction |
| IMPS Transaction Fee Waiver | Waiver for 10 IMPS transactions up to ₹1 Lakh, charged at ₹5 per transaction |
| Account Closure Fee | Applicable if closed within 6 months |
| Balance Statement (Except on 31st March) | Estimated cost for 12 statements per year at ₹25 per transaction |
| TDS Certificate (Duplicate Only) | Estimated cost for 12 certificates per year at ₹25 per transaction |
Specifications
Eligibility to open RBL Bank Go Account
You can open an RBL Bank Go Account as long as:
- You are an Indian citizen.
- You have a valid PAN and Aadhaar number.
- You have a valid mobile number linked to your Aadhaar.
- You are 18 years of age or above.
- Your Desktop/Laptop or Mobile Device with which you are opening an account has a camera for the Video KYC process.
- You are applying from India.
Go Account Process Flow:
Home or Landing Page - Go
Input Mobile number > Accept DNCR
Aadhaar Verification & Pan Screen:
Input PAN number > Welcome screen:
Personal Details:
Nominee Details:
Guardian’s Details
Review Details > Video KYC:
Video KYC
Joining Fees > Account Creation:
Track Go Account:
Message Screens:
