Airtel Payments Bank partners Induslnd Bank to offer FD facility

In a bid to further strengthen its digital banking portfolio, Airtel Payments Bank has partnered with IndusInd Bank offer fixed deposit (FD) facility.

Customers can now book fixed deposits starting from Rs 500 up to Rs 190,000 on the Airtel Thanks app. With this partnership, Airtel Payments Bank’s savings account customer will get an interest rate of up to 6. Per cent per annum and senior citizens will get an additional 0.5 per cent on all fixed deposits.

In addition, the users can book multiple FDs for a fixed duration of either 1, 2 or 3 years. Meanwhile, depositors can dissolve an FD before the maturity date through the Airtel Thanks app, and no penalty or processing fee will be charged on pre-mature withdrawals.