FD Rates: Fixed Deposit i.e. FD is considered the safest investment. But due to low interest, people are losing interest in FD. People have started investing in high return schemes. Airtel Finance, the digital branch of telecom company Bharti Airtel, is offering 9.1 percent interest on FD.
Airtel is providing FD facility
Bharti Airtel’s finance unit Airtel Finance is going to start the facility of Fixed Deposit (FD). The company has joined hands with major NBFCs and Small Finance Banks for this. The company has said that users can earn big money by investing in FD through their smartphones sitting at home and getting an annual interest rate of 9.1 percent. This is Airtel’s fixed deposit marketplace, where users can make term deposits. For the FD scheme, Airtel Finance has partnered with many small banks and NBFCs including Utkarsh Finance Bank, Shivalik Bank, Suryodaya Small Finance Bank, Shriram Finance.
Airtel Thanks App will do the job
For FD, Airtel users will have to download Airtel Thanks App. With the help of this app, users will be able to do FD easily. On this app, users get complete details of different options and terms for FD. With the help of this app, customers can manage their funds by joining the FD scheme with a minimum investment of Rs 1000 without opening a new bank account. In this FD scheme of Bharti Airtel, you can start FD with a minimum of Rs 1000.
Complete process of getting FD
The process of getting FC on Airtel Thanks App is very easy. For this, by downloading Airtel Thanks App, you can directly join the Fixed Deposit Scheme without opening a new bank account. The process of opening FD is very easy. Complete details and options of FD are available on the app, go there and first compare all the options and select FD. After entering all the relevant details asked for FD, complete the KYC process. Then by completing the payment through your existing bank account, you can open FD and send your funds.
Amount up to Rs 5 lakh is completely safe
Under the DICGC of Reserve Bank of India, the amount deposited in banks up to Rs 5 lakh is completely safe. Customers are sure about the safety of bank FD of Rs 5 lakh. That is, FD done under Airtel Finance is also safe. According to the company’s Chief Business Officer Anshul Kheterpal, people get the best return on FD as well as the facility of withdrawal at any time after seven days. People can withdraw money at any time with the help of Airtel Thanks app.
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