Airtel Introduces New Fixed Deposit Marketplace
In a significant move to enhance its financial services, Bharti Airtel has unveiled a brand-new fixed deposit (FD) marketplace through its Airtel Finance platform. This innovative service allows customers to invest in fixed deposits offering annual interest rates of up to 9.1%. With the accessibility of the Airtel Thanks app, users can initiate their fixed deposit investments with a minimum deposit of just Rs 1,000, eliminating the need to open a new bank account.
Easy Access and User-Friendly Features
The fixed deposit service, currently available for Android users, aims to simplify the investment process. Airtel Finance plans to roll this feature out to iOS users soon. This initiative represents Airtel’s commitment to offering seamless and integrated financial solutions to its users.
Collaborations for Enhanced Investment Options
Airtel Finance has established partnerships with several prominent small finance banks and non-banking financial companies (NBFCs) to facilitate this service. These partners include:
- Utkarsh Small Finance Bank
- Shivalik Bank
- Suryoday Small Finance Bank
- Shriram Finance
Customers will enjoy the flexibility of withdrawing their funds from fixed deposits after a period of just seven days, making it a convenient option for those who may require quick access to their investments.
Step-by-Step Guide to Open a Fixed Deposit
Here’s how customers can easily set up their fixed deposits using the Airtel Thanks app:
| Step | Action |
|---|---|
| 1 | Download the App: Start by installing the Airtel Thanks app on your Android device. |
| 2 | Select Fixed Deposit: Navigate to the Fixed Deposit Marketplace within the app, compare various options, and find interest rates up to 9.1%. |
| 3 | Complete KYC: Enter your personal information and complete the KYC (Know Your Customer) process, a crucial step for ensuring the security of your investment. |
| 4 | Invest: Choose an investment amount starting from Rs 1,000 or more and proceed to make the payment directly from your existing bank account. |
| 5 | Manage Your FD: After the fixed deposit is established, you can effortlessly manage it through the Airtel app. This functionality makes it easier than ever for customers to monitor their investments. |
Conclusion
This launch by Airtel Finance is more than just a service; it represents a step towards creating a more inclusive financial ecosystem. By offering high-interest fixed deposits directly through a widely used app, Airtel is not only enhancing customer convenience but also encouraging a culture of saving and investing among its users. As Airtel continues to innovate in the financial services space, customers can look forward to more user-friendly solutions tailored to their needs.
