Airtel launches fixed deposits marketplace with attractive interest rates

New Delhi, Sept 9: Bharti Airtel, a leading telecommunications provider in India, has unveiled a new fixed deposits marketplace under its digital arm, Airtel Finance. This new offering, available on the Airtel Thanks App, provides fixed-income investment options with attractive interest rates of up to 9.1% per annum.
Airtel Finance aims to enhance its portfolio of financial services, which includes Personal Loans, Airtel Axis Bank Cobrand Credit Cards, Airtel Bajaj Finserv Insta EMI Cards, Credit Card marketplace, and Gold Loans. The fixed deposit service is designed to offer customers assured returns and a seamless digital investment experience.
Anshul Kheterpal, Chief Business Officer of Airtel Finance, stated, “We are excited to introduce our Fixed Deposits proposition, which is part of our ongoing effort to innovate and provide customer-centric financial products. With competitive interest rates and a user-friendly digital platform, we aim to help our customers better manage their finances and achieve their financial goals. Our partnerships with top banks ensure a transparent and secure process.”
The fixed deposit service allows users to book and manage deposits directly through the Airtel Thanks App without needing to open a new bank account. The process is entirely digital, involving three simple steps:
Compare and select the FD option.
Enter details and complete KYC.
Make payment via an existing bank account.
Currently, this service is available only on Android devices, with plans to launch on iOS soon.
Airtel Finance has collaborated with various small finance banks and NBFCs, including Utkarsh Small Finance Bank, Shivalik Bank, Suryoday Small Finance Bank, and Shriram Finance, to offer competitive interest rates and secure investment options. Bank FDs are insured up to INR 5 lakh per PAN per bank by the Deposit Insurance and Credit Guarantee Corporation (DICGC), providing added assurance.
The platform also offers fixed deposit options with the flexibility to withdraw funds after seven days, addressing concerns about lock-in periods and liquidity.
Trusted by over eight lakh customers, Airtel Finance continues to expand its range of financial products. The platform currently offers Airtel Flexi Credit Personal Loans, Co-brand Credit Cards, Co-brand Insta EMI Cards, and Gold Loans, with plans to introduce Business Loans and Secured Lending Products. Airtel Finance is positioned to become a comprehensive financial solution for its 350 million+ customers across India.