Airtel Payments Bank has partnered with IndusInd Bank to offer fixed deposit facilities to its customers. Customers will now be able to book fixed deposits starting from Rs 500 up to Rs 1,90,000 within minutes through a seamless digital journey on the Airtel Thanks app.
With this partnership, Airtel Payments Bank’s savings account customers will get an interest rate of up to 6.5 percent per annum and senior citizens will get an additional 0.5 percent on all fixed deposits.
Airtel Payments Bank partners with IndusInd Bank to offer FD facility
Customers can dissolve an FD before the maturity date through the Airtel Thanks app. No penalty or processing fee will be charged on premature withdrawals and the invested amount will be credited back to the linked account within minutes.
Ganesh Ananthanarayanan, Chief Operating Officer, Airtel Payments Bank, said, “A key ask from our customers was the need for a fixed deposit solution to go with our convenient payments bank proposition. We are delighted to partner with IndusInd Bank to offer Fixed Deposits facility to our customers.”
Speaking about the collaboration, Charu Mathur, Head – Digital Banking & Strategy, IndusInd Bank said with this collaboration, we will now offer a third benefit which is a seamless application journey.
“We are delighted to partner with Airtel Payments Bank, to bring forth a fully digital process of booking fixed deposits through the ‘Airtel Thanks’ mobile application. This proposition will witness substantial traction among customers across the country, and provide them with a comprehensive solution to their investment needs,” she said.
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