RBL Bank announced innovative digital FD scheme for new customers

RBL Bank

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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