All You Need To Know About RBL Bank Credit Card, Credit Card Payment, Current Repo Rate, and Interest On FD
From its foundation in 1943, the RBL Bank Limited formerly known as The Ratnakar Bank Limited is one of the oldest and fast-growing private sector bank across the country. Let’s talk about RBL bank credit card.
The RBL Bank has an expanding presence as the bank offers its specialized services from Branch and Business Banking, Commercial Banking, Corporate, and Institutional Banking, Development Banking to Financial Inclusion and Retail assets.
Listed on both NSE and BSE this schedule commercial bank has 324 branches and 348 ATM’s which provides services to 65 lakhs customers through a network of 21 Indian states and union territories.
* RBL Bank Credit Card
A credit card has become a handy tool for people, which allows them to borrow money from a bank to buy things, balance transfers, or cash advances.
However, when using a credit card, you need to pay at least the specific interest and rates every month by the due date on the top of what you have borrowed from the bank. Under the RBL credit card, the bank offers Nine different types of RBL card. Let’s look at the Top 5 Best RBL Bank Credit Card.
1. RBL Platinum Maxima Card:
For those who travel frequently, watch a lot of movies, wants to avail great discounts on dining, shopping, etc. then Platinum Maxima RBL Bank credit card is best.
* Why it’s best
One movie ticket free on BookMyShow up to Rs 200.
Two free visits on domestic airport lounges under three months in India.
8000 RBL Card points.
5x reward points on international spends, dining, and entertainment.
2. RBL Platinum Delight Card:
Packed with amazing features and the high number of benefits, this Platinum Delight RBI Bank Credit Card is a superstar that offers you loads for every swipe you make.
* Why it’s best
2X rewards points on the weekend spend or up to Rs 100 pay.
For the second year annual fee gets waived off if purchases are made for Rs 1.5 lakh in the first year.
4000 RBL Card Points.
EMV chip card with PIN authorization as additional security.
3. RBL Platinum Cricket Card
For the fans of Delhi Daredevils, this Platinum Cricket RBL Credit Card is a great deal. The Card offers unique privileges like reservation of stadium seats, and fan park invites to make the experience of cricket more fun and rewarding.
* Why it’s best:
Get an invitation to meet Delhi Daredevils Superstars, fan nights, sports merchandise and much more.
4000 RBL Card Points.
The second-year annual fee gets waived off if previous year spends are 1.5 lakhs or more.
Get 24*7 Global Cash access at any MasterCard/ Maestro
4. RBL Titanium Delight Card
For those who like to watch movies and shop around then Titanium Delight RBL Bank Credit Card is a good option. With great Wednesday benefits, it also offers exclusive privileges to cardholders on fuel, entertainment, etc.
* Why it’s best:
The annual fee gets waived off on spending of more than Rs 1 lakh.
2000 RBL card points.
Two free movie tickets and 1% fuel surcharge waiver.
5. RBL Bank Classic Reward Card
This RBL Bank Credit Card offers a plethora of rewards for cardholders and their families irrespective of an expense category. Comprises of two leading products – Smart Platinum Card and Smart Titanium Card, the RBL card gives the power to earn double points on shopping, travelling, hotel stays, etc.
* Why it’s best:
Four rewards points on spending Rs. One hundred in the country and eight reward points on spending Rs. 100 internationally.
EMV chip-enabled and time-bound One Time Password for additional security.
Zero Fraud liability in case of theft or loss of credit card.
* RBL Bank Credit Card Payment
You can pay your RBL Bank Credit Card payments via Online card Payment commonly known as Quick Bill Pay or in offline mode. Following are the different methods which you can follow:
1. RBL Bank Credit Card Payment through NEFT
NEFT referred to as National Electronic Funds Transfer is a great tool to make your RBL Bank Credit Card Payment online using your account with any other bank account.
Log in to your net banking portal and select the NEFT as a payment option.
Enter the following Payee details to register RBL Bank as a beneficiary.
Payee name: Your name as it appears on RBl Bank Credit Card.
Payee Account Number: 16 Digit credit card number.
Bank Name: RBL Bank
IFSC Code: RATNOCRCARD
Location: NOC Goregaon Mumbai.
2. RBL Bank Credit Card Payment through Net Banking
To make a payment towards your Card, you can use the RBL Net Banking option for your existing RBL Bank account.
Log in to the RBL Net Banking feature from the link https://www.rblbank.com/ways-to-bank/online-banking/internet-banking
Enter your RBL Card details.Fill the correct information and amount and click on Pay.
3. RBL Bank Credit Card Payment through Online Payment
Pay your credit card outstanding instantly through online payment feature and receive a confirmation for the same.
Visit the website from the link https://www.rblbank.com/
Click on the ‘Make Payment’ tab on the top right corner and click on Credit ‘card payments’
You can select any preferred payment option from razorpay, pay you and bill desk
Fill up all the details required and choose your bank’s internet banking option.
Enter your username and password and click on submit to make the payment.
4. RBL Bank Credit Card Payment through Debit Card
The procedure for making credit card payment via debit card is the same as it with the online payment. The cardholder needs to choose payment via debit card instead of a bank’s internet banking option.
5. RBL Bank Credit Card Payment through RBL MyCard Mobile App
Make payments to your RBL Bank Credit Card instantly and with ease from any bank account by using RBL MyCard Mobile App.
If you haven’t registered with the RBL MyCard Mobile App, then download on your Android or Apple mobile from the following link: https://www.rblbank.com/product/credit-cards/rbl-mycard-app
6. RBL Bank Credit Card Payment through RBL Bank Branches
Visit any of the nearest RBL Bank Branches of your city and make a payment towards your RBL Bank Credit Card either through cash or cheque.
Visit nearby RBL Branch and make the payment in person by incurring a fee of Rs 250 plus GST.
If you want to pay it via cheque, then you can deposit the check at any RBL Bank branch by drawing it in the favour of RBL bank Card 16- the digit card number.
7. RBL Bank Credit Card Payment through NACH
NACH referred to as National Automated Clearing House Facility is an excellent tool for paying credit card bills automatically.
You need to link any bank’s account to your RBL card and then forgot about the hassle of making payments every month.
For this, you need to submit the form with required details by using NACH facility and submit the same to the address given on it.
Download the form from here: https://bit.ly/2RHiypr
* RBL Bank current repo rate and bank rate:
Before looking for the current repo rate and bank rate for RBL bank, let’s know what is repo rate and bank rate and the difference between the repo rate and bank rate.
* Repo rate
Repo rate is the rate at which Reserve Bank of India (RBI) lends money to commercial banks in case of shortage of funds, and for that funds, the commercial banks lend securities such as Treasury Bills to RBI and promise to repurchase them at a predetermined date.
* Bank Rate
Under Bank rate, also, the Reserve Bank of India lends money to commercial banks in case of shortage of funds but without selling or buying any security.
* Difference between repo rate and bank rate
The critical difference between the repo rate and the bank rate is that as there is no selling or buying of security under the bank rate, the bank rate is always higher than the repo rate.
Other significant difference between repo rate and the bank rate is that the Repos are generally for short term period while the money is borrowed at the bank rate is for a more extended period.
* RBL Bank Current Repo rate & Bank rate
The current repo rate of RBL bank is estimated to be 6.25% while the prevailing bank rate ranges from 9.40% to 10.50% on the benchmark of overnight to 3 years time period.
* RBL Bank FD Interest Rates
Fixed Deposit (FD) is the most reliable investment avenue to earn higher interest as compared to savings account rates in the more extended period.
The RBL Bank FD Interest rates start from 5.00% for a tenure of 7 days to 14 days for the general citizen, while for senior citizens FD Interest rates start from 5.50% for the same period.
Maximum Interest on FD can be earned from RBL Bank is 8.00% for the period of 2 – 3 years for a general citizen, while for senior citizen the maximum interest on FD is 8.50% for the same tenure.