Royal Bank of Scotland Group is a huge international banking and services company that was founded in 1727. With its headquarters in Edinburgh, Scotland, Royal Bank of Scotland Group has brands that operate all over the globe with the aim of providing banking services for businesses, institutions as well as individuals.
Royal Bank of Scotland, established in 1921, is one of Royal Bank of Scotland Groups retail banking subsidiary. Royal Bank of Scotland Group acquired ABN AMRO Bank in India to become a part of it in 2008.
With its expertly trained local team of industry professionals and its extensive global reach, Royal Bank of Scotland is known for being the leader in most of the coveted and ingenious monumental business dealings in India for both institutional and corporate clients. The Indian government, high net worth individuals, leading multinational corporations, blue-chip Indian corporations, large financial institutions, etc. are the clients that Royal Bank of Scotland deals with frequently.
Royal Bank of Scotland has been enabling institutions and corporations in India to achieve their goals of transactions services, risk management objectives and global financing with their vision of innovation, strength and performance.
The Royal Bank of Scotland N.V. Easy Draw Fixed Deposit is a quick and simple solution to all your investment issues. It provides depositors the flexibility of breaking a section of the fixed deposit prematurely without causing any effect to the interest being accrued on the rest.
This lets depositors earn interest on a fixed deposit account while also allowing the account holder to have the liquidity of a savings account, thus, allowing The Royal Bank of Scotland fixed deposit account holder to attend to any cash emergency while also earning interest on the rest of the amount left behind post the cash emergency. The Royal Bank of Scotland is one of the few banks in India offering its customers with this option of continued liquidity.
Following are the top features of the Easy Draw Fixed Deposit account with The Royal Bank of Scotland-
The Royal Bank of Scotland presents fixed deposits with the most attractive rates of interest. It offers its various customer categories with interest rates that suit their preferences perfectly.
For domestic deposits within ₹ 1 crore, The Royal Bank of Scotland applies a rate of interest in the range of 3.00% to 8.00% for deposits of durations of 7 days to 364 days and 3.00% to 7.75% for deposits of 1 to 5 years.
For NRE fixed deposit accounts, a rate of interest of 7.75% is offered for tenures of 1 year to 5 years of amounts less than ?1 crore. For NRO fixed deposit accounts, a rate of interest of 7.75% is offered for tenures between 7 days to 5 years of amounts less than ?1 crore.
The minimum duration that a fixed deposit account can be opened with The Royal Bank of Scotland is 15 days. The maximum duration for a fixed deposit account with The Royal Bank of Scotland is 5 years.
The pay-out options available under the Easy Draw Fixed Deposit Account are-
Under the Royal Bank of Scotland N.V.s Easy Draw Fixed Deposit account, cheque books and debit cards are issued to all of its depositors which are linked to their savings accounts. With the aid of the cheque books and debit cards, the depositors can withdraw funds from their fixed deposit accounts.
Additionally, with the debit cards issued under the Easy Draw Fixed Deposit account, depositors can also make purchases across 200,000 shopping outlets across the nation and 23 million outlets globally.
Senior citizens are offered an additional 0.25% on the standard interest rates under the fixed deposit account with The Royal Bank of Scotland.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.