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Airtel Payments Bank tie-up with IndusInd Bank to offer FD Facility

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Airtel Payments Bank has partnered with IndusInd Bank to offer fixed deposit (FD) facilities to its customers. A customer can open FD of Rs 500 up to Rs 190,000 on the Airtel Thanks app. With this partnership, customers of Airtel Payments Bank savings account will get an interest rate of up to 6.5 %p.a. and senior citizens will get an additional 0.5% on all fixed deposits.

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Customers of the Airtel Payments Bank will be able to book several FDs for a fixed term of one, two, or three years. Customers can dissolve an FD before its maturity date via the Airtel Thanks app without incurring any penalties or processing fees for early withdrawals. Within minutes, the invested amount will be paid back to the associated account.

Important takeaways for all competitive exams:

  • IndusInd Bank Founded: 1994;
  • IndusInd Bank Headquarters: Mumbai, Maharashtra;
  • IndusInd Bank MD & CEO: Sumant Kathpalia;
  • IndusInd Bank Tagline: We Make You Feel Richer.

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