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

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.

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 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%.

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.