It is also very easy to get maturity in this scheme because as soon as the FD is completed, its money will be transferred to the bank account linked to Google Pay, the FD money will be transferred to that account of the customer.
The scheme of Fixed Deposit FD can be started without opening a bank account and that too from Google Pay of your mobile phone. How convenient can this be? Google has started similar work with small finance bank Equitas Bank. On this, so much return is being given on 1 year FD which is more than the government bank State Bank.
For this, customers will have to go to Google’s payment platform Google Pay and book a fixed deposit from there. This FD belongs to Equitas Bank which is giving more returns than other banks. For this it is not necessary that you have an account in Equitas Bank, only then you will be able to start this FD scheme. Equitas Bank has tied up with fintech company Setu for this, which has prepared an API for Google Pay’s FD scheme. Without this technology, such banking facility cannot be availed from the payment wallet.
First of its kind scheme
This is happening for the first time in the industry world that customers are being given an opportunity to buy FDs through payment wallets like Google Pay. This is a high interest rate FD which is completely digital. For this, one does not have to open an account in Equitas Bank or go to the branch of the bank. It can be started with the help of mobile phone. Equitas Bank and its FD scheme are running on the platform of Googup Pay, from where it can be purchased. Equitas Bank has said that this FD scheme will be of 1 year, on which an interest of 6.35 percent will be given. This is the highest return on all savings options in India right now.
Deposit money guarantee
Equitas Bank is also named in the listed banks of the Reserve Bank. Therefore, there is a guarantee of Rs 5 lakh on the money deposited in Equitas Bank. There is a rule of guarantee of 5 lakhs on one account. To take this FD scheme, the customer has to go to the Equitas Bank section of Google Pay. There business and bills will be written which will have to be clicked. Here the amount and tenure of the fixed deposit have to be selected. For this, the customer has to give his KYC details. Finally, the FD amount will have to be paid through Google Pay UPI. In this way, an FD scheme will start in your name with Google Pay.
Easy to maturity
It is also very easy to get maturity in this scheme because as soon as the FD is completed, its money will be transferred to the bank account linked to Google Pay, the FD money will be transferred to that account of the customer. Users can easily track deposits, take a new FD scheme or even close the scheme prematurely with the help of Google Pay. If a customer wants to close the FD ahead of time, then he can do this work easily. On the day the account is closed, the money will be transferred to the account linked to Google Pay. For Equitas Bank FD, you have to go to the Android app Google Pay.
Benefits of FD without opening a savings account
Equitas Bank is going to celebrate its 5th anniversary on 5th September. In this occasion, he has described the facility of FD given to customers through Google Pay as a digital gift. Equitas Bank has been focusing on Digital and Neo Banking since its inception. With the new program of Google Pay, customers will get a new product in the digital world. This digital FD has been launched on Google Pay keeping in mind the convenience of the customers.
Equitas says that with this effort, the trend in FD will increase with the savings of the people. FD is very popular and popular in India, so keeping in mind the sentiments of the people, it has been launched in a simple and accessible way. Till now it happens that the customer has to first open a savings account and on that basis FD is given. No need for savings account in Equitas and Google Pay FDs.
