highlights
RBL Bank’s Smart Deposit Scheme is a flexible fixed deposit plan.
Clients can invest in this program from as little as £1,000.
The benefit of compound interest is available in this special FD program from RBL Bank.
Bombay. After the continuous rise in interest rates, banks have also increased interest rates on various savings plans. Mainly to attract customers, many banks offer more than 8% interest on fixed deposits. In this episode RBL private sector bank (RBL Bank New FD Plan) Launched Smart Deposit Scheme. The special feature: It is a flexible fixed-term deposit system that offers customers the opportunity to save and top up regularly on a monthly basis.
The bank said customers with less than £1,000 can invest in this scheme and also add more money to the same deposit. According to information available on the Bank’s website, “The Smart Deposit Scheme is a flexible fixed deposit offered by the Bank for the convenience of its depositors.
intended for.
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Interest is available up to 8.30 percent
The advantage of compound interest is available in this special FD program from RBL Bank. At the same time, the interest rate remains the same both for the monthly savings and for the top-up amount continued until the term. The bank said customers can earn better interest rates with the Smart Deposit program.
The program offers 7.55% interest for regular customers, 8.05% for seniors and 8.30% for super senior FDs with a term of 15 months. Customers can top up with a minimum amount of Rs.50. At the same time, the maximum duration of this program can be 60 months and a minimum of 6 months.
Features of Flexible FD
According to information on the bank’s website, the Smart Deposit System offers a simple investment with attractive returns. Easy payment options can be availed from savings account in this FD and nomination feature is also available. The term of FDs ranges from 6 months to 5 years and the minimum investment starts from Rs. 1,000 to a maximum of Rs. 5,00,000.
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Tags: Bank FD, bank rate, fixed deposits, Money making tips, RBL bank
FIRST RELEASED : January 27, 2023 at 9:32 am IST
