Article -> Article Details

Given the uncertainty of market conditions and the need for liquidity, many people are returning to fixed deposits (FD). But that doesn’t mean you have to go back to visiting your bank branch and filling in lengthy paperwork, too. Thanks to digital banking, you can now open FD account online in minutes and start earning interest from day one.  

If you’re wondering where you can get the best FD interest rates in India, it’s worthwhile to consider Airtel Payments Bank. As an RBI-approved payment bank, it offers all the FD account benefits you’d expect, along with attractive interest rates. So, let’s find out how you can go about opening your digital FD account.  

How to Open an FD Account Online? 

Here are the steps to open FD account online with Airtel Payments Bank: 

1. Download the Airtel Thanks app and log in 

2. Create a savings account first 

3. Go to the banking section and click on fixed deposit 

4. Select “Open Fixed Deposit Account” 

5. Enter the amount and term of the FD 

6. Authorise and proceed to payment 

7. Complete the payment and get a transaction receipt 

Benefits of Opening a Digital FD Account with Airtel Payments Bank 

1. All things digital 

To open this digital FD account, all you need is the Airtel Thanks app. You don’t have to visit the branch or deal with paperwork. It’s a fully digital process that allows you to open your FD, track the status, manage your interest earnings, and even withdraw the amount whenever you want to.  

2. Start with as low as ₹500 

One of the main FD account benefits with Airtel Payments Bank is that it allows you to start investing with just ₹500. Whether you’re a student or a salaried employee, you can save any extra money that you may have and grow it over time. What’s more, you can even start multiple FDs with varying amounts to suit your investment goals.  

3. Secure attractive interest rates 

Airtel Payments Bank offers one of the best FD interest rates in India. When you open an FD through the Airtel Thanks app, you lock in the interest rate on the day of booking. So even if the interest rates fluctuate by the time your FD matures, your returns will remain intact.  

4. Flexible tenures to match your goals 

Just as you can choose the amount of money to invest in the FD, you can also select the tenure of your investment. Ranging from 1 to 5 years, Airtel Payments Bank caters for both short-term as well as long-term investments. Choose the tenure that suits your financial goals.  

5. Withdraw anytime, anywhere 

While FDs have a fixed tenure, Airtel Payments Bank allows for premature withdrawals if needed. So, even if you have invested your funds, you can choose to withdraw them earlier than the date of maturity. Hence, you can enjoy the peace of mind that your money is growing yet is available if ever the need arises. 

Closing Thoughts 

Don’t let your savings sit idle in your account. Put them to use and watch them grow by opening an FD account online. With Airtel Payments Bank, you can enjoy the convenience of a digital FD account while still earning one of the best FD interest rates in India.