In today’s world, an individual opens an account in several banks to keep their income distributed to avoid accumulation of funds at a single source. Fixed deposits (FDs) have always been the most preferred and secured investment choice, for people looking out for a safe way to park their extra funds.
An individual would open FDs in multiple banks, based on the income inflow and the interest rates given by different banks at a particular period. But the problem here is, the individual does not have an option to view all his FDs on one screen, as they are scattered across different banks.
Zuci Systems is proposing an idea of a Fixed Deposit (FD) Aggregator, wherein an individual would be able to view details of all their FDs on a single dashboard, provided the individual gives consent for information to be shared securely and digitally between multiple banking institution in an Account Aggregator network, where the individual is an account holder.