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RBL Bank launches digital solution for LIC MF customers

09 Sep 2017 Evaluate

RBL Bank has launched its digital product - Insta Redemption Solution - exclusively for LIC Mutual Fund, at the LIC Mutual Fund (MF) Head Quarters in Mumbai.

The bank has created a unique Digital Solution under the API Banking umbrella, whereby the Retail Clients of any Liquid Scheme of a mutual fund can redeem their units (as per statutory guidelines) online, 24/7. The receipt of funds is instant (through RTGS/NEFT/IMPS) and not limited by banking hours.

RBL Bank is one of India’s fastest growing private sector banks with an expanding presence across the country.

Peers
Company Name CMP
HDFC Bank 680.00
ICICI Bank 1388.50
Axis Bank 1206.20
Kotak Mahindra Bank 442.85
Indusind Bank 831.00
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