Federal Bank creates a Golden Buzz with its #SoneKaRishta campaign
Federal Bank's campaign for Sovereign Gold Bonds (SGB) deserves accolades for its outstanding execution and its ability to make a complex financial product accessible and enticing to the masses.
The campaign brilliantly captures the essence of SGBs as a golden opportunity for investors. The tagline, “Reliably liquid”, “Gold without the worries”, "The Golden Opportunity," etc immediately resonates with anyone seeking a smart investment option. It cleverly emphasizes how SGBs can turn one's affinity for gold into a lucrative financial move.
Highlighting the profitability for customers is a strong point. The campaign showcased the maximum price trend for the previous 7 years. The mention of an attractive interest rate of 2.50% on the initial investment immediately piques the interest of potential investors. It's a clear and compelling message that speaks to the financial advantages of choosing SGBs.
The campaign also excels in simplifying the subscription process. By offering multiple subscription methods, including mobile and net banking online (FedMobile and FedNet), as well as in-person at Federal Bank branches, it ensures that investors of all segments can participate. Availing it online would fetch a discount of Rs 50/-
The campaign is being promoted on all the digital platforms of Federal Bank and Social Media handles including Instagram, Twitter and Facebook.
Invest in Sovereign Gold via FedMobile/ FedNet or through any of our branches.â€” Federal Bank Ltd (@FederalBankLtd) September 12, 2023
Issue price is Rs.5,923. Subscription ends on 15th Sep 2023.
Know more at https://t.co/SM4ADmkZI0#SoneKaRishta #SovereignGoldBond #Gold pic.twitter.com/wbwFZd9HJf
Since SGB offer is a time-bound activity i.e., each tranche opens for a specific period, the Bank has incorporated it into the creatives that motivates potential investors to take action promptly.
Federal Bank's campaign for SGB stands out as a shining example of how financial institutions can effectively market investment products. It combines simplicity, profitability, urgency, and online convenience to create a compelling case for SGBs as an investment choice.