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Key Fact Statement for Islamic Digital Deposit Products (W.E.F 01072023) ___ Branch ___CityImportant: Read this document carefully if you are considering opening a new account. It is available in
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01
Gather all necessary information related to the digital banking service being offered.
02
Clearly define the key features and benefits of the digital banking service.
03
Include any important terms and conditions that users should be aware of.
04
Use concise language and bullet points for easy readability.
05
Make sure to highlight any security measures in place to protect user information.

Who needs key-fact-statement-digital-banking?

01
Financial institutions offering digital banking services.
02
Users who are interested in using digital banking services and want to know more about the features and benefits.
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The key-fact statement for digital banking is a document that summarizes the essential details and terms of a digital banking product or service, aimed at helping consumers make informed decisions.
Financial institutions and digital banking service providers that offer relevant products or services are required to file the key-fact statement.
To fill out the key-fact statement, provide standardized information including service details, associated fees, terms of use, and contact information for further inquiries.
The purpose of the key-fact statement is to provide transparency and clarity to consumers about digital banking products, helping them understand the terms and potential costs involved.
The key-fact statement must report information such as fees, interest rates, service terms, customer service contact details, and any potential risks associated with the product.
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