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.
