It is the bail-in clause that is causing all the panic in the minds of the depositors. Will my deposits be used to reduce the liability of the bank? No, you do not need to worry that your deposits will be lost in a bail-in. Your deposits will be insured, just as they are today and there is an additional protection for depositors because the bail-in can be invoked, and your deposits be lost, only if you have given your consent for this to the bank when you signed the deposit forms.
What about the FDs we open online using internet banking? I just created one yesterday and don't recall being presented with any such option which asks me either provide/deny my consent..
Have they hidden it somewhere under their fine print terms and conditions?