Instant payment app Goolge Pay has brought a new facility for its users. With the help of which users will be able to make fixed deposits. Google Pay and Equitas Small Finance Bank have tied up for this facility.
New Delhi: In the midst of the Corona epidemic, digital payment is growing very fast in our country. A large number of people are completing their banking related tasks using payment apps. At the same time, awareness has also increased among the youth who have adopted digital payment, in such a situation, the instant payment app Google Pay has brought a new facility for its users. With the help of which users will be able to make fixed deposits . Payment app Google Pay and Equitas small finance bank have tied up for this facility. After which Google-Pay users will be able to buy FD ie Fixed Deposit of Equitas Small Finance Bank for one year. Users will be given a maximum interest of 6.35 percent on this FD.
How to make FD in 2 minutes
- First of all, after opening your Google Pay app, scroll down and click on Business and Bills option.
- After this, click on the logo of ‘Equitas SFB’ or search Equitas on Google Pay.
- After clicking on the logo of ‘Equitas SFB’, an Equitas small finance bank by Setu will appear on the screen.
- After clicking on the Get Started option, it will be written on the screen that open FD in 2 minutes and the rate of interest available on FD of one year will be seen. Below that click on the option of invest now.
- After that, many options related to Fixed Deposit will appear on the screen on the screen.
- After fixing the amount for the FD, the option of Create FD will come, after clicking on it, confirmation will be taken about the senior citizen and the amount and time of the FD.
- Then the KYC process will have to be completed, in which you will have to give the information of Aadhaar number, mobile number, email id and pin code.
- After the complete process, a copy of the fixed deposit will be sent to the user by Equitas small finance bank.
15 crore active users
People rely on fixed deposits for investment in India, so FD facility has been added on the app through Google Pay. Initially, users will be given interest ranging from 3.5 to 6.35 percent for FD. According to a recent report about the instant payment app, Google Pay has 150 million active users in India.
