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RBL Bank launches Digital FD scheme

April 19, 2023

RBL Bank launches Digital FD scheme
Private sector lender RBL Bank has announced the launch of the Digital Fixed Deposit (FD) scheme for new-to-bank customers. This scheme will enable customers to book the Digital FD within minutes without having to visit a branch or open a savings account with the bank.

“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,” said Deepak Gaddhyan, Head of Branch & Business Banking, RBL Bank.

The online FD comes with several additional benefits, such as embedded insurance cover, a seamless savings account opening process, and the ability to track and manage FD digitally.

The FD holders can opt for insurance coverage under a Hospital Daily Cash Benefit policy which offers daily cash benefits for hospital expenses. Customers can download RBL Bank MoBank App for viewing their fixed deposit receipts online.

Customers can open a digital FD account in minutes. The Digital FD is enabled through a quick online KYC process, making it easy and hassle-free for customers to open an FD within minutes.

As per the scheme, customers will get an interest rate on digital FD of up to 7.8 per cent for a tenure of 15 months to 725 days.

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