RBL Bank has launched Insta Redemption Solution, a digital product exclusively for LIC Mutual Fund customers. The bank has created the solution under its API banking scheme using which the retail customers of any liquid scheme of a mutual fund can redeem their units online and receive the returns instantly through RTGS/NEFT/IMPS at anytime and anywhere. Brijesh Mehra, head, Corporate, Institutional and Transaction Banking at the bank said streamlining digital solutions for retail customers is a part of RBL Bank’s long-term vision, as it wants to focus on real issues rather than just navigate through policy. The solution will assist 10,000+ customers of LIC MF Liquid Scheme to receive money instantly.
