HT Bureau
Guwahati, April 26: Airtel Payments Bank announced the launch of the Fixed Deposits (FD) facility in partnership with IndusInd Bank. With this partnership, Airtel Payments Bank’s savings account customers will get an interest rate of up to 6.5% p.a. and senior citizens will get an additional 0.5% on all fixed deposits. Customers can book multiple FDs for a fixed duration of either 1, 2, or 3 years. Customers can dissolve an FD before the maturity date through the Airtel Thanks app, and no penalty or processing fee will be charged on premature withdrawals. The invested amount will be credited back to the linked account within minutes.
Ganesh Ananthanarayanan, chief operating officer, Airtel Payments Bank said, “A key task 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 a Fixed Deposits facility to our customers. Fixed deposits are a great option for users who look for secure and risk-free investment options and an important addition to our growing bouquet of simple, secure, and rewarding digital solutions.”
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Speaking about the collaboration, Charu Mathur, head – Digital Banking & Strategy, IndusInd Bank said, “We, at IndusInd Bank, constantly focus on capitalising on our technological prowess to interact with customers across multiple touchpoints. Keeping this in view, 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. With this collaboration, we will now offer a third benefit which is a seamless application journey. We believe this proposition will witness substantial traction among customers across the country, and provide them with a comprehensive solution to their investment needs.”
