Being financially stable is important, and the need for this stability is growing daily. Have you ever dreamt of living a luxurious life, traveling the world around you, or increasing your present financial wealth? Either to satisfy your financial needs or to live the life you dreamt of, you need a good source of income, right? What if you can invest money and manage every single feature with just a few clicks with your mobile phone? Quite interesting right? This can be achieved by creating a fixed deposit account online to save time and manage your entire transaction history. Let’s learn what are all the benefits gained by using an FD account online and how to manage it.

What is a Digital Fixed Deposit Account, and how does it Work?

A fixed deposit account requires a traditional banking process, which involves filling out various forms. But with a digital FD account, you can open an account within minutes with just a few clicks and swipes. Like a traditional fixed deposit, this offers a secure and zero-risk platform with an assured return on your investments. Digital Fixed Deposits have added benefits like easy and convenient accessibility regardless of the time.

Below are some of the key advantages of having an online fixed deposit account,

Money Transfer or Change the Tenure Period

With the mobile banking app, you can transfer money to any account you want to transfer within a few minutes. You can also increase or decrease your capital amount and change the tenure period before maturity.

Switch or Transfer to a Different Account

You can also transfer the amount to a different account or to another person before the maturity period. This is not applicable to joint and connected account users.

Regulate interest and Maturity of Affiliate Account

You can also change or transfer the maturity affiliate account, to which the money will be transferred after maturity. This change will be processed on the same day.

Reset Instructions Anytime

If you want to change your preference or changes made by you, you can change it anytime, depending on your needs. This makes you feel stress-free, and eliminates unwanted rushes to the bank.

Renew Your FD Account Automatically

The major advantage of this digital fixed deposit account is that you can renew your FD account automatically. This helps you to reinvest your returned money after the maturity period. If you don’t want this option, you can use the money for your personal needs.

Convenient Accessibility

With the mobile banking app, you can check transaction history 24/7. It is not necessary to have an account in the bank where you wish to open an FD account.

Summing It Up

Explore the benefits of mobile banking apps to check balance and manage your FD account easily. No more complicated traditional bank processes and boring bank visits. Your easy and convenient way of managing accounts is just a few clicks away. Download the app now and start enjoying the benefits of handling an FD account online. Ready to transform the way you handle your Fixed Deposit Account?