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Bank Details

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Done!

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Opted for Express FD, providing with one of the highest interest rates in the market.

I opted for a Digital FD as a non-savings account holder with RBL Bank. Thanks to RBL Bank for a smooth online journey from KYC to funding FD.

Digital FD with RBL Bank offered me a greater rate of interest. Opened a savings account with a few clicks and surprised with the offers on debit cards.

Bank Fixed Deposits and Corporate Fixed Deposits: Major Advantages and Differences

Digital Fixed Deposit of RBL Bank is a standalone product which means it’s not compulsory to have a savings account or existing relationship with RBL Bank. Now it just takes a coffee time to open FD online. Convenient Digital FD opening If you have mobile phone, Aadhaar and PAN (Permanent Account Number) card details, you can open your FD from anywhere and anytime. The process of opening FD is a cake walk because it’s a simple three-step process. Enter your PAN card & Aadhaar details, complete your Video KYC (Know Your Customer) and fund your FD, that’s it. Opening FD is a completely paperless process. Use FD calculator and Express FDs offered by RBL Bank We all want to know how much we will earn after a certain period of investment, and the FD calculator helps us know the exact amount right now. Enter the details of investing amount, tenor of the FD and select mode of FD either cumulative or non-cumulative given in the FD calculator, that’s it. You will see all the details you want to know. Choosing the right tenor and the best interest rate is the critical task while opening an FD. You need advice right! RBL Bank’s Express FDs will help you to choose. RBL Bank Express FDs are Popular FDs, prefilled with best FD interest rate and tenor, and you can choose them in just one click. You will earn better returns with Express FDs. Save tax on FD returns Yes! Absolutely. You can choose Tax saver FD of RBL Bank to save tax on returns of FD under Section 80C of IT (Income Tax) Act 1961. With RBL Bank Tax saver FD you can save taxes up to ₹1,50,000 p.a. The only condition is your FD will be locked for 5 years so that you can’t withdraw your FD prematurely. You want to improve your Credit Score? Don’t worry! Your FD helps you Credit Card against FD (Secured Credit Card) helps. A credit card will be given against your FD. You can avail it with minimal documentation and the limit up to 90% of your FD. This credit card helps you to improve your credit score. Instead of Credit Card you can avail Overdraft facility against your FD with the same limit up to 90%. Conclusion RBL Bank Digital FD is extremely convenient to open and supplies plenty of added benefits for your financial and investment planning. Digital FD is online, safe, and secure.

Fixed Deposit

Have you ever wondered how easy it is to open Fixed Deposit online?

Advantages of opening the digital fixed deposit.

Have you ever wondered how easy it is to open Fixed Deposit online? Well! We all know that Fixed Deposit (FD) is one of the safest investments to grow our savings. Now it’s much easier to open an FD with minimal documentation.

What is a Fixed Deposit? Know the meaning & features of FD 

Yes! in India ₹99 trillion are invested in Fixed Deposits. This is the highest value of all the available investment options in the market. Safety and assured returns are two driving factors for FD investment. Fixed Deposits are financial instruments offered by banks and non-banking financial organizations. High and stable interest rates Just recall how Tortoise won the race on Rabbit with its focused and consistent speed. Fixed Deposit also gives fixed interest for a fixed duration of deposit. So, yeah there will be no change in the interest rates due to fluctuations in the broader market. RBL Bank offers competitive <a href='https://www.rblbank.com/interest-rates/fd-rates' target='_blank'> interest rates on FD</a>. Safe and flexible investment Is FD a flexible investment option? The answer is yes, you can invest in FD for 7 days to 20 years and get interest monthly / quarterly / half-yearly payouts as per your requirement, or you can continue with cumulative interest in which your investment will be compounded with interest. Fixed Deposit guarantees for both the investment and interest and with an FD calculator you will know your returns beforehand. Overdraft (OD)/Credit Card against FD Let’s assume you have opened RBL Bank Digital Fixed Deposit with ₹5 lakh for a 5-year tenure. After one year, you are in urgent need of money for an emergency. How you feel if you got access to funds without breaking your FD with a lower interest rate? Yes, you can avail a collateral credit against your Fixed Deposits. You can avail Overdraft or Credit Card against your deposits and avoid penalty of premature withdrawal. RBL Bank offers up to 90% of your Fixed Deposit as Overdraft or Credit Card limit. Tax saver FD Well, we all know that every source of our income is taxable. But with Tax saver FD you can save tax up to ₹1,50,000 p.a. under Section 80C of the Income Tax Act, 1961. Only condition is that you cannot withdraw your FD prematurely. Opening FD with RBL Bank Opening Digital FD with RBL Bank is as simple as ABC. It is a completely paperless process. You only need PAN (Permanent Account Number) card and Aadhaar details. Go to RBL Bank website to open your Digital FD easily. There are only 3 simple steps in the Digital FD journey with RBL bank <ul style='list-style-type : disc; list-style-position: inside;'><li>Provide PAN and Aadhaar details</li><li> Complete Video KYC</li><li> Fund your account</li></ul> Provide PAN and Aadhaar details It’s mandatory to complete KYC (Know Your Customer) to open an FD. In KYC process your mobile number, Aadhaar and PAN card details will be verified. Then you need to supply your personal details and nominee details. Complete Video KYC Next step is to complete full KYC or Video KYC. Video KYC is an audio-visual interaction. In which an officer from RBL Bank will verify and capture your PAN card and signature. Fund your FD The last step is to fund your FD. You can transfer money from any of your existing bank accounts through UPI, Debit Card, and Net banking. Once you fund your FD, just relax, and track your earnings whenever you want, through RBL MoBank app. Conclusion Considering all these benefits, and the current market scenario, investing in Fixed Deposits is an intelligent decision and it will be a stable and safest investment in your portfolio.

Have your ever thought why (FD) Fixed Deposit is India’s most favorite investment? What is so special about FDs?

Types of Fixed Deposits: How to Choose the Right FD | RBL Bank

Fixed Deposit – Quick and simple with RBL Bank Have your ever thought why Fixed Deposit (FD) is India’s most favorite investment? What is so special about FDs?

Fixed Deposits: Ideal Investment Options for Beginners

A Digital Savings Account comes with its fair share of features and benefits. The only documents required for opening a Digital Savings Account are your Aadhaar Card and PAN Card. RBL Bank’s Digital Savings Account offers a higher <a href='https://www.rblbank.com/interest-rates/savings' target='_blank'>savings account interest</a> and provides a paper less banking experience to its customers. Let’s find out how to open a Digital Savings Account online with RBL Bank. How to open a Digital Savings Account? You can either visit RBL Bank’s website or download the RBL MoBank App. After that, follow 3 simple steps to open a Digital Savings Account within five minutes. <ul style='list-style-type : disc; list-style-position: inside;'><li>Provide your PAN Card and Aadhaar details</li><li> Complete Video KYC</li><li> Fund your account</li></ul> What is Video KYC (Know Your Customer) Video KYC is an audio-visual interaction. In which an officer from RBL Bank will verify and capture your Photograph, PAN card and signature. It takes a few minutes only. Now, you are all set! It is that easy to open a Digital Savings Account with RBL Bank. You need to maintain a monthly balance of ₹5,000 in your Digital Savings Account and it will be ₹10,000 in case you open Woman’s First Savings Account. You also make your Prime Savings Account as zero-balance account* *To Convert to Zero Balance Account, create a SIP (Systematic Investment Plan) or RD (Recurring Deposit) of min. ₹2,000 or more. But why you should go with Digital Savings Account instead of regular savings account? Easy transfer of funds RTGS (Real Time Gross Settlement) is used for transferring large funds, such as over ₹2 lakh. The fastest way is IMPS (Immediate Payment Service) where money can be transferred all seven days of the week, anytime, even on holidays. Another alternative is NEFT (National Electronic Funds Transfer) which is available 24x7. Virtual debit card You will get a virtual debit card after opening a Digital Savings Account. Using the card, scan and pay, shop online or transfer money. Bill pay The bill payment facility through our Digital Savings Account makes it easy and quick for you to pay all your bills, such as electricity, landline, gas and more. Secure banking Customers' primary concern is always secure banking, and a Digital Savings Account takes several safety measures. A few of such examples are two-factor authentication and industry standard encryption methods to ensure that only you can access your account. Once you open Digital Savings Account, download RBL MoBank. With RBL MoBank App, make your day-to-day banking transactions simpler and safer from the comfort of your home. Steps to register on RBL MoBank App Step 1 – Visit Google Play Store or iOS App Store to download the App Step 2 – Open the App and register using your preferred mode Step 3 – Verify with OTP and start using the App Conclusion Since online banking is now an integral part of the 21st century, having a Digital Savings Account makes you future-ready. It is a paperless, fast and reliable alternative to traditional banking. Digitalization has made banking hassle-free by eliminating the troublesome routine of waiting for a bank statement or updating a passbook. The benefits of having a Digital Savings Account include instant cash-back offers, coupons and discounts for various online transactions etc.

Savings Account

Digitalization has allowed the world to shift all kinds of financial transactions online. It also means you no longer need to go to the bank to open a savings account.

Why Investment in Fixed Deposits is Good Option For Beginners - RBL Bank

Digitalization has allowed the world to shift all kinds of financial transactions online. It also means you no longer need to go to the bank to open a savings account. Now, you have the option of opening a Digital Savings Account from the comfort of your home. It is one of the fastest and most convenient ways of opening a savings account.

How much should you have in your savings account? The amount of money you keep in your savings account will depend on various factors: The Minimum Balance Requirement You need to keep ₹5,000 as your monthly average balance in your RBL Bank savings account and it will be ₹10,000 in case you open a Woman’s First Savings Account. You also can make your Prime Savings Account a zero-balance account*. Where you don’t need to keep monthly average balance. The amount you keep in your savings account should cover the minimum average account balance required. *To Convert to Zero Balance Account, create a SIP (Systematic Investment Plan) or RD (Recurring Deposit) of min. ₹2,000 or more. Your Expenses Your savings account is useful for making regular transactions and payments. Sometimes banks may ask you to <a href='https://abacus.rblbank.com/DigiAqui/' target='_blank'>open a bank account online</a> or visit a branch when you take a loan to debit your monthly instalments. The balance you maintain in your account should be sufficient for your loan instalments and credit card charges to be debited and for your monthly payments and expenses. Liquidity The savings account also helps you save money. RBL Bank offers <a href='https://www.rblbank.com/interest-rates/savings' target='_blank'>high interest savings account</a> that will help you save and earn high returns. Your savings account should have sufficient funds to cater to your expenses and still provide you with enough liquidity to meet unforeseen expenditures or some emergency without liquidating an investment. Conclusion RBL Bank savings accounts offer many advantages and are the first step to investments. You can use them to keep the money for the short term, pay your bills and EMIs, or use it at will from anywhere. They are necessary to receive certain government benefits, invest money or receive funds when liquidating your investments. Maintaining the optimum balance in your savings account can help you utilise them well without compromising on the potential returns. Open <a href='https://www.rblbank.com/interest-rates/savings' target='_blank'>high-interest savings account</a> with RBL Bank, considering your requirements and the facilities we offer. Make sure you maintain the minimum required balance so that you do not have to pay any penalty, but at the same time, ensure that your money does not lie idle.

Savings bank accounts offer you a lot of conveniences. Financial transactions with these accounts are faster. They also help you to save some for emergencies. RBL Bank offers different kinds of savings accounts, and opening a Digital Savings Account is quick and simple.

Savings bank accounts offer you a lot of conveniences. Financial transactions with these accounts are faster. They also help you and save some for emergencies. RBL Bank offers different kinds of savings accounts, and opening a Digital Savings Account is quick and simple. You can <a href='https://abacus.rblbank.com/DigiAqui/' target='_blank'>open a bank account online</a>. But how much should you have in your savings account? Read on to find out.

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