Airtel Finance FD: India’s leading telecom company Bharti Airtel has announced the launch of a Fixed Deposit (FD) marketplace under its digital branch, Airtel Finance.
Customers will get up to 9.1 percent interest on this fixed deposit plan. The company has joined hands with big NBFCs (Non-Banking Financial Companies) and small finance banks for this.
Facility will be available on Airtel Thanks App
Airtel users will get the facility of FD on Airtel Thanks App itself. Users will be able to easily book FD through Airtel Finance and withdraw money on maturity. Different FD options will be available to users on this app. Users can ensure their returns and fixed income by choosing the option of fixed income. This scheme will further strengthen the offers of personal loan, Airtel Axis Bank cobrand credit card, Airtel Bajaj Finserv Insta EMI card, credit card marketplace and gold loan included in its portfolio.
You will get up to 9.1% annual interest
Bharti Airtel said that the company has launched a fixed deposit ‘marketplace’ under its digital unit Airtel Finance, which will give an annual return of up to 9.1 percent. Airtel Finance has joined hands with many small finance banks and NBFCs including Shivalik Bank, Utkarsh Small Finance Bank, Suryodaya Small Finance Bank and Shriram Finance to offer this fixed deposit. So that customers can get great returns on FD.
Airtel Finance FD opening process
On the Airtel Thanks app platform, customers can manage their own funds by investing in this fixed deposit scheme with a minimum investment of Rs 1000 without opening a new bank account. Let us explain this entire process of FD to you step by step:
Step 1. Select FD after comparing all the options.
Step 2. Enter the required details and complete the KYC process.
Step 3. Finally make payment through your bank account.
Anshul Kheterpal, Chief Business Officer, Airtel Finance said that we are constantly trying to introduce products that are customer-focused. As part of this effort, we have announced this FD scheme. This service is currently available only on Android devices. And soon it will be made available on iOS devices as well.
Investors’ deposits up to Rs 5 lakh are completely safe
The deposit insurance up to Rs 5 lakh per PAN number per bank is provided by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of RBI. This will increase the confidence of customers in investing in small finance bank deposit schemes.
You can withdraw after 7 days
This scheme also provides the option of withdrawal from fixed deposit at any time after 7 days. It is expected that this will remove all the concerns of the customers related to lock-in period and liquidity.
