Corporate Fixed Deposits with Competitive Interest

Benefits of Airtel Finance Fixed Deposit for Corporate Investors

Airtel Finance Fixed Deposit empowers businesses to maximise their idle funds while maintaining liquidity and security:

Competitive Returns

Earn up to 8.8% interest annually, outperforming many traditional corporate FD rates.

Complete Digital Process

Invest and manage deposits entirely online without paperwork or branch visits.

Flexible Investment Terms

Choose tenures that align with your business cash flow requirements.

DICGC Insurance Protection

Your deposits are insured up to ₹5 lakh, ensuring capital safety.

Premature Withdrawal Facility
Access your funds after 7 days if required, with minimal charges applied.

Information about Airtel Finance Fixed Deposit for Corporate Investors

The Airtel Finance fixed deposit solution is designed to meet corporate investment needs through a partnership with regulated financial institutions. The platform offers a streamlined digital experience where businesses can invest starting from ₹1,000 with the flexibility to withdraw funds after 7 days if needed.

Unlike traditional fixed deposits that require extensive documentation and branch visits, Airtel Finance solution leverages technology to provide instant investment confirmation and transparent returns tracking, making it ideal for businesses seeking efficient treasury management.

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How to Apply for Airtel Finance Fixed Deposit for Corporate Investors

Getting started with Airtel Finance Fixed Deposit is straightforward and completely digital:

Step 1: Download the Airtel Thanks App and navigate to the Finance section.

Step 2: Select Fixed Deposit and enter your investment amount and preferred tenure.

Step 3: Complete KYC verification using your PAN, Aadhaar, and business documents.

Step 4: Choose your payment method and transfer funds digitally.

Step 5: Receive instant confirmation with a deposit certificate and maturity details.

Features of Airtel Finance Fixed Deposit for Corporate Investors

The features of a fixed deposit are as follows:

High Interest Rates
Earn competitive returns up to 8.8% annually, with enhanced fixed deposit interest rates for senior citizen signatories.
Flexible Investment Amount
Start investing from as low as ₹1,000 with no upper limit restrictions.
Digital-First Experience
Complete the investment process online without any physical paperwork or branch visits.
Premature Withdrawal Option
Access your funds after 7 days with transparent penalty calculations.
DICGC Insurance Coverage
Your deposits are protected by government insurance up to ₹5 lakh per depositor.

Transparent Returns
Track your investment growth and maturity details through the app dashboard.

Documents Required for Airtel Finance Fixed Deposit for Corporate Investors

The required fixed deposit documents are as follows:

Document Type	Required Documents
Identity Proof	PAN Card, Aadhaar Card
Address Proof	Utility Bill, Aadhaar Card, Driving License
Business Proof	Certificate of Incorporation, Partnership Deed
Authorization	Board Resolution, Authorized Signatory List
Banking Details	Cancelled Cheque, Bank Account Statement

FAQs on Airtel Finance Fixed Deposit for Corporate Investors

Airtel Finance offers up to 8.8% fixed deposit interest rates per annum for regular investors, with enhanced corporate FD rates available for senior citizens. The exact rate depends on your investment amount and chosen tenure, with longer tenures typically offering higher returns.

What is a Loan Against FD?

A Loan Against FD (Fixed Deposit) is a secured loan where you use your fixed deposit as collateral to borrow funds. This type of loan allows you to access liquidity without breaking your FD prematurely. The loan amount can be a certain percentage of the FD’s value, and you continue to earn interest on the FD. It’s a convenient option for meeting financial needs while maintaining your investment.

Benefits of Taking a Loan Against FD

Taking a Loan Against FD offers several benefits, including lower interest rates compared to unsecured loans, quick approval and disbursement, and no prepayment penalties. Additionally, your FD continues to earn interest, providing dual benefits. This type of loan also doesn’t require extensive documentation, making the process simple and hassle-free. It’s an excellent way to meet urgent financial needs without compromising your savings.

Eligibility Criteria for Loan Against FD

The primary eligibility criterion for a Loan Against FD is having an active fixed deposit with the bank. Some banks may require the FD to have a minimum deposit amount and specific tenure. Generally, both individual and joint FD holders are eligible. The borrower should be the primary holder of the FD, and the loan can be availed by residents, NRIs, and senior citizens.

Loan Amount and Interest Rates

The loan amount for a Loan Against FD typically ranges from 70% to 90% of the FD value, depending on the bank’s policies. The interest rate for this loan is usually 1-2% higher than the interest rate earned on the fixed deposit. This makes it a cost-effective borrowing option compared to other loans, as the rates are relatively lower due to the secured nature of the loan.

Application Process for Loan Against FD

Here is how to apply for your loan against FD on the Airtel Thanks app:

Open the Airtel Thanks app

Go to the Shop tab

Select Airtel Finance

If you have already booked your FD, you will be able to see the option to apply for a loan on the FD

Apply for the loan

Your loan will be approved in no time!

How Interest is Calculated on Loan Against FD

Interest on a Loan Against FD is calculated based on the loan amount and the interest rate, which is usually a few percentage points above the FD interest rate. Interest is charged only on the borrowed amount, and repayment can be made through EMIs or as a lump sum. The calculation method ensures that you pay interest only on the utilized funds, making it a cost-effective option.

Tax Benefits and Obligations for Loan Against FD

While a Loan Against FD doesn’t offer direct tax benefits, it has certain advantages. The interest paid on the loan is not eligible for tax deductions. However, since the FD continues to earn interest, that interest income remains subject to tax as per your applicable slab. It’s important to note that the loan itself is not considered income and hence not taxable.