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RBL Bank launches digital fixed deposit scheme

18 Apr 2023 Evaluate

RBL Bank has launched an innovative Digital Fixed Deposit (FD) scheme available to new-to-bank customers. With an interest rate of up to 7.8% for a tenure of 15 months to 725 days, the digital FD provides investors with an interesting investment option. Customers can book the Digital FD within minutes without having to visit a branch or opening a savings account with the Bank.

The online FD comes with several additional benefits, such as embedded insurance cover, seamless savings account opening process, ability to track and manage FD digitally, etc. The FD holders can opt for insurance cover under a Hospital Daily Cash Benefit policy which offers daily cash benefit for hospital expenses. Customers can download RBL Bank MoBank App for viewing their fixed deposit receipts online.

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. The three simple steps are: providing Aadhaar linked Mobile number and PAN details; completing the KYC status using Video KYC and funding the fixed deposit using online payment methods.

RBL Bank operates as a scheduled commercial bank. The bank offers its services under the various business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets.

RBL Bank Share Price

321.65 3.75 (1.18%)
10-Apr-2026 16:59 View Price Chart
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