RBS Flex Advantage Savings Account

Sr. No.

Product

Conditions

1.

Investments

Rs. 50,000 of equity or Rs. 2,00,000 of Debt or Systematic Investment Plan of Rs. 2,000 per month (minimum tenor of 12 months) at the time of sign up.

2.

Insurance

Any insurance policy with a Direct Debit mandate to your Flex Advantage Savings Account.

3.

Credit Card

Standing Instructions for minimum payment of your RBS Credit Card from your Flex Advantage Saving Account

4.

Personal Loan/Credit Line

Get the RBS N.V. personal loan disbursed to your Flex Advantage Saving Account and issue Standing Instructions for the regular EMI payments for the same.
Link your Credit Line (Overdraft facility) to the Flex Advantage Savings Account.

5.

Fixed Deposit

Any RBS Fixed Deposit over Rs. 50,000 (minimum tenor six months).

Sr. No.

Transaction Type

Transaction Description

1.

Investment Payments

Make any Mutual Fund or Systematic Investment Plan payment by cheque or through Direct Debit from your Flex Advantage Savings Account.

2.

Insurance Payments

Pay your insurance premium through Direct Debit, cheque or the Bill payment option, available through Bank by Phone, Net banking or ATMs.

3.

Card Card Payment

Payment of any Card (The Royal Bank of Scotland N.V. or otherwise) through Direct Debit, cheque or the Bill payment option, available through Bank by Phone, Net banking or ATMs.

4.

Loan Payment

Payment of loans from The Royal Bank of Scotland N.V. or any other bank through cheque or standing Instructions.

5.

Bill Payments

Utility payments through cheque or the Bill payment option, available through Bank by Phone, Net banking or ATMs.

6.

Retail Purchases

Any purchase through your RBS Debit Card.

7.

Deposits

Any deposits to your Flex Advantage Savings Account in the form of cheques, cash or fund transfer.