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Airtel Payments Bank Partners With Indusind Bank To Offer Fixed Deposit Facility

Mumbai: Airtel Payments Bank these days introduced the launch of the Fixed Deposits (FD) facility in partnership with IndusInd Bank. With this Airtel Payments Financial institution has additional strengthened its electronic banking portfolio. Customers can now e-book preset deposits commencing from 500 up to 190,000 within just minutes through a seamless digital journey on the Airtel Thanks application.

Ganesh Ananthanarayanan – Main Running Officer, Airtel Payments Bank claimed, “A key ask from our shoppers was the want for a fixed deposit alternative to go with our handy payments financial institution proposition. We are delighted to lover with IndusInd Bank to offer Fixed Deposits facility to our prospects. Set deposits are a fantastic option for consumers who appear for safe and hazard-totally free expense selections and an critical addition to our escalating bouquet of uncomplicated, safe and rewarding digital methods.”

Talking about the collaboration, Charu Mathur, Head – Digital Banking & System, IndusInd Lender claimed, “We, at IndusInd Financial institution frequently target on capitalizing on our technological prowess to interact with buyers throughout numerous touch factors. Trying to keep this in see, we are delighted to associate with Airtel Payments Financial institution, to carry forth a entirely electronic method of scheduling fastened deposits through the ‘Airtel Thanks’ cellular application. Mounted deposits are a well-liked expenditure instrument, as in addition to giving assured returns, it also ensures safety of the customer’s funds. With this collaboration, we will now provide a third reward which is of a seamless application journey. We believe that, this proposition will witness considerable traction between clients across the country, and present them with a detailed solution to their financial investment desires.”

With this partnership, Airtel Payments Bank’s personal savings account customer will get an interest level of up to 6.5% p.a. and senior citizens will get an further .5% on all fastened deposits. Shoppers can e-book multiple FDs for a mounted length of possibly 1, 2 or 3 several years. Shoppers can dissolve an FD right before the maturity day as a result of the Airtel Thanks app, and no penalty or processing price will be billed on pre-experienced withdrawals. The invested total will be credited back again to joined account within just minutes.




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