Airtel Payments Bank FD: If you break the FD before maturity due to need or other reason, even then the bank will not levy any penalty. Airtel Payments Bank has tied up with IndusInd Bank for FD service.
Airtel Payments Bank FD: You must have seen in the house that grandmothers always believe in making fixed deposits (FD) for savings. However, now after the introduction of other saving options, people are also trying other saving options. But still there is a craze for getting FD in many people. If you are also planning to do FD, then this news will make you happy.
Agreement with IndusInd Bank
Yes, Airtel Payments Bank has started the facility of FD for its customers. For this Airtel Payments Bank has tied up with IndusInd Bank. Under this, the bank will give interest ranging from 6.5 percent to 7 percent on FD. Let us tell you that at present, other government and private banks give interest up to a maximum of 6 percent on FD.
No penalty for breaking before maturity
Even if you break the FD before maturity due to need or other reason, the bank will not levy any penalty. In the information given by the bank, it was said that with the introduction of FD facility, Airtel Payments Bank has strengthened the digital banking portfolio.
Senior citizens will get 7 percent interest
Let us tell you that customers can deposit an amount from Rs 500 to Rs 1,90,000 through Airtel Thanks App. They will be given an interest of up to 6.5 percent annually on this. Senior citizens will get an additional interest of 0.5 percent on all types of fixed deposits.
The bank said 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. IndusInd Bank said that the FD facility will be available for one, two or three years. Customers can do multiple FDs at a time.
