Friday, 28 February 2025

Creating Fixed Deposit Online

 Everything is going to be digital after introduction of AI and other applications. Earlier there was online money transfer that too NEFT and RTGS mode. Once the online payment introduction like Google Pay and PhonePay PayTm that made easy to people to transfer money without any charges. But only problem is money should be in account. Fine will come to matter now , opening fixed deposit was little bit difficult since we need to go to bank and get the application and fill all the details open the fixed deposit or recurring deposit. Now the era is changed you need not to go to bank if you got money in bank account and wish to open fixed deposit you can do this online. Yes you can open by doing online verification using video conference if you have computer or laptop or every if you have good mobile. The original documents will be verified online and you get all the details updated by the executive. 

Bank Of Baroda is the bank who has taken up this initiative to do online activation made easy. They have many other products can be done online starting from opening new account to till fixed deposit. So the interest rate is as per the standards. BOB has online application which made easy to people sitting far places can access this. 

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