Bharti Airtel Launches Fixed Deposits (FDs) With An Attractive Interest Rate of Up To 9.1%

One of the top telecom companies in India, Bharti Airtel, announced on Monday the official launch of a fixed deposit platform through Airtel Finance, its digital division. The alluring interest rate on these fixed deposits is as high as 9.1% annually. In order to achieve this, the company has partnered with top NBFCs and small finance banks in India. Customers are welcome to use the Airtel Thanks App to manage and track their investments in a safe and secure manner. Bharti Airtel aims to offer fixed-income and guaranteed return investment options on the digital platform that is based on Airtel's Thanks App foundation through Airtel Finance.

Customers may book and manage fixed deposits directly on the Airtel Thanks App platform, with a minimum investment of Rs 1000, without creating a new bank account. Currently, only Android-powered smartphones can utilise this service. It will soon be accessible on iOS. Through partnerships with many small finance banks and NBFCs, including Utkarsh Small Finance Bank, Shivalik Bank, Suryoday Small Finance Bank, and Shriram Finance, Airtel Finance has made the Fixed Deposit service available.

Anshul Kheterpal, Chief Business Officer, Airtel Finance said, "We are consistently innovating to offer products that are customer centric and, in this endeavor, today, we are excited to announce the launch of our Fixed Deposits proposition. The FD comes at an attractive interest rate that will help our customers manage their funds better and meet their financial goals. We have partnered with the best banks in this venture and promise to offer customers a completely transparent, seamless and digital journey."

With more product offerings like business loans and secured lending products, Airtel Finance currently offers a variety of products, including the Airtel Flexi Credit Personal Loan, Co-brand Credit Card, Co-brand Insta EMI card, and Gold Loan with financial institutions. All of these are conveniently accessible through the Thanks App. With over 350 million customers nationwide, Airtel Finance has rapidly grown into a one-stop shop for all their financial product needs.

Bharti Airtel recently introduced special promotional deals for its prepaid subscribers on Friday in honour of the country's upcoming festivities. Customers who take advantage of the limited-time "#FestiveOffer," which is valid from September 6th to September 11th, 2024, will receive a plethora of perks on three specially chosen bundles priced at Rs. 979, Rs. 1029, and Rs. 3599.

With its headquarters located in India, Airtel is a multinational communications solutions provider serving more than 550 million subscribers in 17 South Asian and African countries. With more than two billion people engaged to its networks, the firm is among the top three mobile providers in the world. Airtel is the second-largest mobile operator in Africa and the largest supplier of comprehensive communications solutions in India.