Smart Banking with free ATM Card
Every Savings Account comes with a free ATM card. You can withdraw cash per day from our extensive network of ATMs across the country. You can also access over 80,000 ATMs of other banks. Unlike other banks, Ratnakar Bank does not charge its customers a fee for using other Banks' ATMs.
Flexi Banking with free Cheque Payable at Par facility
You can access your account from any of the 100 branches across the country, you can withdraw cash from another Ratnakar Bank branch, through a self-cheque or an ATM. You could also transfer funds between two accounts, or deposit a local cheque in one branch and get it credited to your account in another city within no time.
Smart Banking with free Online Bill Payment Facility
The days of standing in queues to make payments are now over. Pay your bills directly online. The Ratnakar Bank website is a one-stop-shop for a wide variety of payments including landline, cellphone, electricity, LIC Premiums, donations and more. Pay your bills at your own convenience with us.
Safe Deposit with Locker Facility
Your search for safe storage area for all your valuables ends here. Lockers in multiple sizes - small, medium, large and extra-large are available to you at selected branches. Visit your Ratnakar Bank branch for available locker size and fees.
Free Financial Planning
Ratnakar Bank's Financial Planning Experts (FPEs) understand your personal and financial needs and concerns, and provide personalized financial advice to fit your unique needs. Our FPEs also help you track your investments on a regular basis so that you can stay abreast of how your investments are performing. Ratnakar Bank analyzes your financial goals, and tailors a wide array of investment options especially for you. FPEs can help you invest in Fixed Deposits, Recurring Deposits, Equity Mutual Fund, and Debt Mutual fund, Life Insurance, General Insurance and Health Insurance and more.
Free Passbook Facility
Free passbook will be provided. Passbook facility is available at home branch.
Regular Savings Account
Eligibility
Individuals above the age of 18 years.
Account Features
Minimum Quarterly Average Balance (Metro & Urban) of ` 5,000.
The account holder is entitled to an ATM card which allows access to over 80,000 ATMs of 41 major banks across India.
Key Benefits
Savings account interest rate of 5.5%
Unlimited ATM transactions.
Ratna Max Saving
Eligibility
Individuals above the age of 18 years.
Account Features
Minimum Quarterly Average Balance (Metro & Urban) of ` 10,000.
The account holder is entitled to an ATM card which allows access to over 80,000 ATMs of 41 major banks across India.
Key Benefits
Ratna Max Savings Account helps your savings earn more than in a regular savings account by sweeping your account surplus in a higher earning term deposits and yet giving you full access to your money anytime.
Sweep-out facility
Sweep out facility would operate if there is a predefined clear balance in the account. There will be an automatic transfer of funds to term deposit having tenure of 365 days at specified interest rate. At maturity of 365 days, the sweep amount would be automatically renewed for a further period of 365 days.
Sweep-in facility
Sweep in facility would operate automatically in the event of requirement of funds for honoring any debits to the account if adequate balance is not available. The last swept out transaction would be utilized for the sweep in.
Interest Rate
Interest on the swept-out amount is credited to the account either on maturity dates or on its premature payment and is subject to Tax Deducted at Source (TDS). Interest rate on the credit balances in your savings bank account will be as per the terms and conditions applicable to a savings bank account.