Airtel Finance Fixed Deposit for Fixed Tenure Investments

Planning for your financial future can feel overwhelming, especially when you’re looking for safe investment options that offer guaranteed returns. That’s where fixed deposits come in — a low-risk investment tool trusted by millions of Indians. They not only safeguard your capital but also help you earn steady interest over a defined period.

Whether you’re saving for your child’s education, building an emergency fund, or planning for retirement, Airtel Finance fixed deposit for fixed-tenure investments provides a secure way to grow your money with attractive interest rates and the convenience of digital banking.

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Benefits of Airtel Finance Fixed Deposit for Fixed Tenure Investments

Airtel Finance fixed deposit offers a smart combination of security, flexibility, and attractive returns for your fixed tenure FD investments:

High interest rates up to 8.5%

Competitive returns that beat traditional savings accounts.

DICGC insurance coverage

Your deposits are protected up to ₹5 lakh by government insurance.

100% digital process

Open your fixed tenure FD from home without any paperwork.

Flexible withdrawal options

Access your funds after 7 days if needed with a premature withdrawal facility.

Low minimum investment

Start investing with just ₹1,000 and grow your wealth steadily.

Information about Airtel Finance Fixed Deposit for Fixed Tenure Investments

Airtel Finance fixed deposit is designed to make fixed-tenure investments simple and rewarding for Indian investors. With interest rates reaching up to 8.8% (and even higher for senior citizens at 9.2%+), your fixed tenure FD grows consistently over your chosen investment period. The entire process is digital-first, eliminating the need for branch visits or lengthy paperwork.

Special fixed deposit interest rates are available for women and senior citizens, making it an inclusive investment option. Your deposits are backed by DICGC insurance, ensuring your hard-earned money remains safe and secure.

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How to Apply for Airtel Finance Fixed Deposit for Fixed Tenure Investments

Opening your fixed tenure FD with Airtel Finance is straightforward and completely digital:

Step 1: Download the Airtel Thanks App and complete your registration

Step 2: Navigate to the Finance section and select "Fixed Deposit"

Step 3: Enter your investment amount (minimum ₹1,000) and choose your tenure

Step 4: Complete KYC verification by uploading your documents

Step 5: Make payment and receive instant confirmation of your fixed tenure FD

Features of the Airtel Finance Fixed Deposit for Fixed Tenure Investments

The features of a fixed deposit are as follows:

High Interest Rates
Earn up to 8.5% fixed deposit interest rates per annum
DICGC Insurance Protection
Your deposits are insured up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation.
Digital-First Experience
Complete the paperless process with instant account opening and deposit confirmation.
Flexible Investment Options
Start with just ₹1,000 and choose tenures that match your financial goals.
Premature Withdrawal Facility
Access your funds after 7 days if needed, with applicable terms and conditions.
No New Account Required
Invest without opening a new bank account—use your existing banking relationship

Documents Required for the Airtel Finance Fixed Deposit for Fixed Tenure Investments

The required fixed deposit documents are as follows:

Document Type	Required Documents
Identity Proof	Aadhaar Card / Driving License / Passport
Address Proof	Aadhaar Card / Utility Bill / Bank Statement
PAN Card	Mandatory for investments above ₹50,000
Bank Details	Account number and IFSC code for transactions

FAQs on the Airtel Finance Fixed Deposit for Fixed Tenure Investments

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.