Airtel Payments Bank to offer Fixed Deposits with upto 7% Interest in tie-up with IndusInd Bank : Check FD Rates

Now Earn upto 7% Interest on Fixed Deposits with Airtel Payments Bank in partnership with IndusInd Bank. Check all Tenures and FD Interest Rates.

by FighterMan Updated: 27 Apr, 2022, 17:07 IST
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Airtel Payments Bank in tie-up with IndusInd Bank has started its new Fixed Deposit service on the Airtel Thanks app from 26th April 2022. Thus, Airtel customers can benefit from this along with the existing Airtel Payments Bank savings account.

Airtel Payments Bank to offer Fixed Deposits with upto 7% Interest in tie-up with IndusInd Bank

You can make an FD starting from ₹500 and up till ₹1,90,000. Multiple FDs are possible. You can choose from a fixed tenure of either 1 yr, 2 yrs, or 3 yrs only. The best part here is that if you opt for premature withdrawal i.e. break your FD then there is no penalty. Many banks have a 1% penalty.

Airtel Payments Bank FD Interest Rates (IndusInd Bank backed) 2022

Airtel Payments Bank in partnership with IndusInd Bank is offering upto 7% interest to seniors while upto 6.5% to others. This is great where top banks are currently providing interest rates in the bracket of 5%-6%.

Tenure

Interest Rate

Interest Rate for Senior Citizens

1 year

6%

6.5%

2 years

6.25%

6.75%

3 years

6.5%

7%

Google Pay also has their Fixed Deposit service with Equitas Small Finance Bank so it will be interesting to see how this one comes across. What do you think about the Airtel Payments Bank FD? Do let us know below.

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Yes Bank is still pretty competitive. 

 

Wait let me check with someone I know there.

 

 

Okay, even before calling him; I checked. https://www.yesbank.in/personal-banking/yes-individual/deposits/fixed-deposit

To senior citizen clients, YB is offering 18-19 basis point more (reinvestment/ compounding) yield, for 3-10 year deposits.

For the time being, I am ignoring the offerings from various small finance banks and picked only national players.


<a href=“https://www.yesbank.in/personal-banking/yes-ind...#” id=“sl-tabs-e41a6bd2-9a51-4c38-ae96-c81a574c5e3aaccordion0” data-sl-tabs=“{” index":="" 0}"="" aria-label=“FIXED DEPOSIT INTEREST RATES”>FIXED DEPOSIT INTEREST RATES


Fixed Deposit Interest Rates-

RESIDENT FIXED DEPOSIT INTEREST RATES (% p.a)

Period

Rates for < 2 Crore w.e.f 4th January 2022

Regular

Senior Citizen

Interest Rates

Annualised Yield^

Interest Rates

Annualised Yield^

7 to 14 days

3.25%

3.25%

3.75%

3.75%

15 to 45 days

3.50%

3.50%

4.00%

4.00%

46 to 90 days

4.00%

4.00%

4.50%

4.50%

3 months to < 6 months

4.50%

4.50%

5.00%

5.00%

6 months to < 9 months

4.75%

4.78%

5.25%

5.28%

9 months to < 1 year

5.00%

5.06%

5.50%

5.58%

1 Year < 18 months

5.75%

5.88%

6.25%

6.40%

18 Months to < 3 years

6.00%

6.14%

6.50%

6.66%

3 Years to <= 10 years

6.25%

6.40%

7.00%

7.19%


Interest rates are subject to change at the sole discretion of the Bank.


**Senior Citizen rates are applicable only for Domestic Deposits


^Annualized yields published, compounded quarterly.

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