If you have opened your account in Airtel Payment Bank, then this information is going to be very special for you, because Airtel Payment Bank has started FD (Fixed Deposit) facility for its users.
Now using the Airtel Thanks app, you can take advantage of facilities like fixed deposit from the comfort of your mobile at home.
Friends, through this article, we are going to tell you how to open an Airtel fixed deposit account, how much interest rate is available, how much can be charged for premature withdrawal, etc. Keep reading this article till the end.
Airtel Fixed Deposit Account
Recently Airtel Payments Bank in partnership with IndusInd Bank has given the facility to open Fixed Deposit Account, the biggest thing is that you can open your Fixed Deposit account through Airtel Payments Bank at any time and here But in comparison to banks, you can withdraw your FD without any charge in case of an emergency.
After the introduction of FD in Airtel Thanks, the user interface of the mobile application has changed completely. Apart from this, you also get many advanced facilities here.
How to Open Airtel Fixed Deposit Account
To open your fixed deposit account, you have to login to the Airtel Thanks App, for this you must already have an Airtel Payments Bank account, to open an Airtel fixed deposit account, you must have an internet connection and a smartphone. You can follow the steps given below to open your Airtel Fixed Deposit:
Step 1. First of all, you have to install and download Airtel Thanks Application from Google Play Store.
Step 2. After verifying with the help of OTP with the help of your registered mobile number, open the app.
Step 3. On the home page, you get the Fixed Deposit option, click on it.
Step 4. Right now here you get the Book a new Fixed Deposit section where fill your fixed deposit amount, choose the time period for which you want to keep the money, after entering your email id click on Continue.
Step 5. After this the payment is successfully deducted from your Airtel Payment Bank and added to your Fixed Deposit Account.
Note: To open Airtel Fixed Deposit, you need to have an already existing Airtel Payments Bank account and here senior citizens are given 0.50% more interest rate.
Airtel FD Account Benefits
Airtel Payments Bank offers a range of benefits when it comes to making a fixed deposit, which are as follows:
1. Airtel FD Interest Rates
You can invest in your FD with very good interest rate, here you also get very good returns. Airtel FD Interest rate up to 6.5% p.a.
2. No Penalty
The FD amount can be withdrawn by the customer through Airtel Thanks App before the maturity date without any penalty or processing charges.
Fixed deposit can be broken. The invested amount is refunded to the respective bank account in just a few minutes.
3. Minimum investment
With the help of Airtel Thanks App, you can create FD ranging from Rs.500 to Rs.190,000, for this, customers of Airtel Payments Bank savings account will get an interest rate of up to 6.5% per annum. Apart from this, senior citizens will also get an additional 0.5% interest rate on all fixed deposit amounts.
4. Instant Money
On maturity of the FD or on withdrawal of money before the maturity date, you can immediately take money in the respective bank account.
Airtel Payment Bank Fixed Deposit Interest Rate
You can refer to the table given below to know the Airtel Payments Bank Fixed Deposit interest rate:
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If I tell about my personal experience, Fixed Deposit is a great deposit process, if you are doing Fixed Deposit through Airtel Payment Bank, then here you can withdraw money without maturity period and you will not have to pay any kind of fee. Apart from this, you can get the maturity amount in your bank account in a few seconds.
Going to this article, how to open fixed deposit account with Airtel payment bank, how to get Airtel payment bank FD, Airtel fixed deposit interest rate etc. Other information is given. Hope this information will be of great use to you. If you want to ask any type of question or if you want to join us, then you can follow us on social media platform.
Note: Friends, here I am just giving you information, I am not doing any kind of promotion here, you can make FD according to you, it will depend on your decision, we have nothing to do with it in any way.
FAQ – Airtel Payment Bank FD
Q1. Is there any tax benefit on fixed deposit?
Ans. No, there is no tax benefit on making a fixed deposit.
Q2. Can I make my fixed deposit amount to automatic maturity?
Ans. Yes you can, your fixed deposit amount is automatically transferred to your bank account on maturity.
Q3. Airtel Fixed Deposit Account Closed
Ans. Your Fixed Deposit Account can be closed at any time and for this the amount deposited by you is transferred to Airtel Payments Bank. Deposit account can be closed.
- First of all open Airtel Thanks mobile application.
- Complete the registration with the help of your mobile number.
- From the Banking section on the home page, click on Fixed Deposit.
- Right now the amount deposited by you will be shown here.
- Now enter all your amount here.
- Now you have to withdraw your money, after that enter your M-PIN.
- Wait for some time, now the amount deposited by you gets in Airtel Payment Bank.
Q4. Where will I get the money when I close Airtel Fixed Deposit?
Ans. On closure of Airtel Fixed Deposit, the FD money is transferred to your Airtel Payments Bank. It may take 24 hours for the money to arrive.