Airtel Payments Bank partners with IndusInd Bank

Airtel Payments Bank said on Tuesday it has partnered with IndusInd Bank to offer fixed deposit (FD) facilities to its customers. Customers can now book fixed deposits starting from Rs 500 up to Rs 190,000 within minutes through a seamless digital journey on the Airtel Thanks app, Airtel Payments Bank said in a statement.

With this partnership, Airtel Payments Bank’s savings account customers will get an interest rate of up to 6.5 per cent per annum and senior citizens will get an additional 0.5 per cent on all fixed deposits. Customers can book multiple FDs for a fixed duration of either 1, 2 or 3 years. Customers 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. The invested amount will be credited back to the linked account within minutes, it said.

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