Yes, most banks' mobile banking apps allow users to make fixed deposits. Users can set up a new fixed deposit account directly through mobile banking, and choose the deposit amount, tenor and renewal options. In addition, some banks may also offer more flexible deposit products, such as Tiered Interest Rate Time Deposits, Savings Deposits, etc.
Placing a fixed deposit usually involves the following steps:
1.*Log in to Mobile Banking**: Use your bank account to log in to the mobile banking app.
2.*Select Fixed Deposit Service**: Find the option to deposit a fixed deposit or a time deposit within the app.
3.*Fill in the information**: Fill in the relevant information according to the instructions, such as the deposit amount, term, interest rate, whether it is automatically renewed, etc.
4.*Confirm Message**: Double-check the information filled in to confirm that it is correct.
5.*Complete Transaction**: Complete the transaction by submitting the application and verifying it via Mobile Banking.
6.*Save Voucher**: After the transaction is completed, save the electronic voucher or transaction confirmation information as a record.
Before making a fixed deposit, please note the following:
Interest Rate**: Compare the interest rates of time deposits with different tenors and choose the product that suits you best.
Terms & Conditions**: Read the detailed terms and conditions of the product carefully to understand the early withdrawal policy and possible fees.
Auto-renew**: Decide if you want auto-renew, which is usually an option to automatically redeposit your fixed deposit for the same tenor when it matures.
Money Planning**: Make sure you don't need to access the money during the term of the deposit, which is often not allowed or restricted for the duration of the deposit.
The user interface and specific operation of mobile banking may vary from bank to bank, so if you have any questions, you can contact your bank's customer service or visit your bank's branch for assistance.