Tata Digital, a Tata Group company, has launched a Fixed Deposit (FD) option on its superapp ‘Tata Neu,’ marking its entry into the retail investment sector.
This feature allows customers to invest in fixed deposits directly through the app, even without a savings account.
Attractive Interest Rates up to 9.1%
The company states that this feature allows customers to earn up to 9.1% interest on fixed deposits, making it highly appealing for those seeking safe and guaranteed returns.
Investment Starting from Just Rs 1,000
Tata Digital says that users can start investing with just Rs 1,000, offering a great opportunity for small investors who cannot invest large amounts.
Partnership with Leading Institutions
Customers can choose from major financial institutions and NBFCs (non-banking financial companies) like Suryoday Small Finance Bank, Shriram Finance, and Bajaj Finance, based on their needs and trust.
Simple and Secure Investing
Gaurav Hazrati, Chief Business Officer at Tata Digital, stated that the goal of this initiative is to make investing easier and more appealing to a larger audience.
He added, “Our platform is safe and simple, providing both experienced and new investors with the chance to grow their wealth confidently.”
How to Invest:
1. Login to the App: Access the Tata Neu app and navigate to the ‘Fixed Deposit’ section.
2. Choose an Institution: Select a bank or NBFC from the available options.
3. Decide Amount and Tenure: Enter your investment amount and preferred duration.
4. Make Payment: Follow the app’s instructions to complete the payment process.
Ideal for New Investors
This new feature offers small and medium investors a dependable way to earn safe returns.
It’s an excellent option for those looking to avoid the risks of the stock market or mutual funds.
This new step by Tata Neu is beneficial for those seeking better returns with low risk.
The digital platform makes fixed deposits easier, more accessible, and appealing.
