Open Fixed Deposit - Airtel Finance

A fixed deposit account provides you with a safe investment option, where your funds are secured for a fixed amount of time while you earn a fixed rate of interest on the back of it.

There are different types of fixed deposits such as regular fixed deposits, senior citizen fixed deposits, cumulative or non-cumulative fixed deposits and many more.

When you open your new FD account with Airtel Finance, the minimum amount required for a fixed deposit is ₹1000.

Here are some of the benefits of investing in Airtel Finance fixed deposit: high rate of interest on your investment, instant withdrawal or premature withdrawal benefits, a fully digital application process and much more.

Suppose you compare the interest rates for a general user against the interest rates offered to a senior citizen or woman. In that case, you will notice that the latter group usually gets higher rate of interest.

If your FD amount is more than ₹50,000, then the PAN card is mandatory.

There are no fixed eligibility criteria for opening a fixed deposit account at Airtel Finance. Anyone who is an Indian citizen and has all the documents required can invest.

The ideal tenure for your fixed deposit can differ between banking partners. The general tenure usually varies from 7 days to 10 years.

Airtel Finance offers special fixed deposit schemes for senior citizens, with interest rates up to 9.2%.

It is a different type of investment scheme where you keep on adding funds over the original FD. The interest is applied to your original investment amount, and then in the following cycle, you will get the benefit of the increased principal amount.

Under Section 80C of the Income Tax Act of 19.1, you can get a tax benefit of up to ₹1,50,000 for investing in a fixed deposit.

Yes, Airtel Finance offers pre-mature withdrawal benefits with its fixed deposit, available after 7 days of investing.

If you have made an FD investment with a tenure of less than 6 months, then your investment will be considered under simple interest. However, if it is above ₹50,000, you will get the benefit of compound interest.

Sweep-in is a form of fixed deposit where you can transfer the excess funds from your savings account to the FD account. A sweep-out facility is the exact opposite, where the deficit in your savings account is covered by transferring funds from the FD account.

Once your FD account has matured there are two options that you can choose from: renew your FD once again or transfer the entire amount back to your savings account.

Yes, if you want, you can renew the fixed deposit automatically at maturity.

Yes, you can also choose FDs that offer periodic interest payouts. These are known as non-cumulative FDs.

A fixed deposit is one of the most secure forms of investment since they are backed by the biggest banks and financial institutions. They also offer fixed or guaranteed returns on your deposits and there is absolutely no risk.

The following documents will be needed to open a fixed deposit account: PAN card and KYC with Aadhaar, passport, driving license or voter ID.

The interest rates in case of pre-mature FD withdrawal are usually lower as compared to the actual interest rates that are provided at the start of your investment period. The actual interest rate may vary from one lender to another.