RBL Bank has announced the launch of an innovative Digital Fixed Deposit (FD) plan for new customers. With an interest rate of up to 7.8 per cent and a term of 15 months to 725 days, the digital FD is an appealing investment choice for investors. Consumers can book the Digital FD in minutes rather than visiting a branch or opening a savings account with the bank.
The online FD has various additional advantages, such as inbuilt insurance coverage, a simple savings account setup process, the ability to track and manage FDs digitally, and so on. FD holders can choose insurance coverage through a Hospital Daily Cash Benefit policy, which provides a daily cash benefit for hospital bills. Clients can access their fixed deposit receipts online by using the RBL Bank MoBank App.
The Digital FD is facilitated by a short online KYC process, making it simple and painless for customers to start an FD in minutes. The three easy stages are I submitting an Aadhaar-linked mobile number and PAN details, (ii) fulfilling the KYC status via Video KYC, and (iii) paying the fixed deposit via online payment methods.
Deepak Gaddhyan, Head of Branch & Business Banking, RBL Bank said, “We are delighted to offer our Digital Fixed Deposit product to New-to-Bank customers. This unique offering is a part of our new-age banking solutions that seamlessly integrates traditional and digital channels. The online Fixed Deposit is a secure and reliable investment avenue that will enable customers to get better returns and build savings over a period of time.”
Also Read: RBL Bank establishes special FD rates with up to 8.3% return
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