You must have heard your family members saying that to save money, get FD done. However, today, apart from FD, there are many options available for saving and investing.
Now if you want, you can save money by investing in any option. Similarly, Airtel Payments Bank has started FD facility for its customers. For this Airtel Payments Bank has tied up with IndusInd Bank.
How much money can I deposit?
You can deposit an amount from Rs 500 to Rs 1,90,000 to get FD through Airtel Thanks App.
How much interest will you get:
Under this, the bank will give interest ranging from 6.5 percent to 7 percent on making FD. By the way, for your information, let me tell you that other government and private banks give interest up to a maximum of 6 percent on FD. On the other hand, senior citizens will get an additional interest of 0.5 percent on all types of FDs.
No penalty for breaking before maturity:
If you break the FD before maturity due to any need and other reason, then there will be no penalty from the bank side. That is, it was said by the bank that customers can break the FD before the completion of its tenure through the Airtel Thanks app. No penalty or processing fee will be charged from them for this.
On behalf of the bank, it has been said that with the introduction of FD facility, Airtel Payments Bank has strengthened the digital banking portfolio. IndusInd Bank said the FD facility will be available for one, two or three years. Customers can do multiple FDs at a time.
