Bharti Airtel has introduced a new fixed deposit (FD) marketplace under Airtel Finance, allowing customers to invest in FDs with an annual interest rate of up to 9.1%.
The platform is integrated into the Airtel Thanks app,
enabling customers to start an FD with a minimum investment of just Rs 1,000 without needing to open a new bank account.
Currently, this service is available on Android devices and will soon be launched for iOS users.
Partnership with Banks and Financial Institutions
Airtel Finance has partnered with several small finance banks and non-banking finance companies (NBFCs), including Utkarsh Small Finance Bank, Shivalik Bank, Suryoday Small Finance Bank, and Shriram Finance, to provide this service.
Customers can withdraw their fixed deposit funds anytime after seven days, offering flexibility and easy access to their investments.
How to Open a Fixed Deposit with Airtel Finance
1) Download the App: Install the Airtel Thanks app on your Android device.
2) Choose Fixed Deposit: Navigate to the Fixed Deposit marketplace in the app and compare various FD options, with interest rates going up to 9.1%.
3) Complete KYC Process: Enter your personal details and complete the KYC (Know Your Customer) process to secure your investment.
4) Invest: Select an amount starting from Rs 1,000 and make the payment using your existing bank account. There is no need to open a new bank account.
5) Manage FD: After setting up the fixed deposit, you can easily manage it through the app.
Airtel Finance’s new FD service offers customers a simple and convenient way to invest and earn attractive interest rates.
