Airtel FD Interest Rates – Looking for a hassle‑free way to make your savings work harder? Airtel Payments Bank’s Fixed Deposits let you park your money safely and earn guaranteed returns—all through a fully digital process. With attractive interest rates, a range of tenures to suit your timeline, and special offers for senior citizens and NRE/NRO account holders, Airtel FDs fit both short‑term plans and long‑term goals. In this guide, we’ll break down the latest rates, highlight key features, and answer common questions so you can choose the right FD for your needs.
What Are Airtel Fixed Deposits?
A Fixed Deposit (FD) lets you lock away a lump sum with a bank or NBFC for a set period, earning a guaranteed interest rate along the way. Airtel Payments Bank makes this simple by offering FDs that deliver strong returns and instant digital access. Backed by RBI regulations and insured through the Deposit Insurance and Credit Guarantee Corporation (DICGC), these deposits give you a safe, low‑risk way to grow your money.
Current FD Interest Rates
Airtel Payments Bank offers competitive interest rates, which vary based on the tenure and type of investor. Based on available information, the rates are as follows:
| Investor Type | Interest Rate (p.a.) |
|---|---|
| Regular Investors | 6% to 9% |
| Senior Citizens | Up to 8.8% (additional 0.25% to 0.75% above regular rates) |
| NRE/NRO Account Holders | 5% to 7% |
| Large Investments (e.g., ₹1 Crore FD) | Up to 9.1% |
Note: Interest rates are subject to change based on economic conditions, inflation, repo rate, bank liquidity, and market competitiveness. For the latest rates, visit Airtel FD Interest Rates.
Tenures
Airtel FDs offer flexible tenures to suit various investment goals:
- Short-Term and Long-Term Options: Tenures range from a few days to several years, allowing you to choose based on your financial objectives.
- Tax-Saving FDs: These have a mandatory 5-year lock-in period and offer tax benefits under Section 80C.
- Premature Withdrawal: Available after 7 days, though penalties may apply, such as a reduction in the interest rate or a percentage of the interest earned.
Longer tenures typically attract higher interest rates, making them ideal for those seeking maximum returns.
Eligibility
Airtel FDs are accessible to a broad range of investors:
- Regular Investors: Any Indian resident can invest, with a minimum deposit of ₹1,000.
- Senior Citizens: Those above 60 years receive higher interest rates, up to 8.8% p.a.
- NRE/NRO Account Holders: Non-resident Indians can invest with rates ranging from 5% to 7% p.a.
- Other Entities: Companies, trusts, and other eligible entities can also invest.
Required documents include a PAN card, proof of identity (e.g., Aadhaar, passport, driving license, or voter ID), and proof of address for KYC compliance.
How to Book an Airtel FD
Booking an Airtel FD is a seamless, digital process through the Airtel Thanks app. Follow these steps:
- Open the Airtel Thanks app and navigate to Shop > Airtel Finance.
- Select your desired investment amount (minimum ₹1,000).
- Provide basic details, including KYC information.
- Complete the booking process in approximately 5 minutes.
No new bank account is required, and the process is entirely paperless, making it convenient for all users. For more details, visit Airtel Finance.
Benefits of Airtel FDs
Airtel FDs stand out due to their numerous advantages:
- High Returns: Earn up to 9.1% p.a. for large investments or 8.8% for senior citizens, among the highest in the market.
- Security: Deposits are insured by the RBI and covered by DICGC up to ₹5 lakh, ensuring safety.
- Convenience: 100% digital process with no paperwork, accessible via the Airtel Thanks app.
- Flexibility: Low lock-in periods and instant withdrawal options (with penalties).
- Easy Management: Track and manage your FDs through the Airtel Thanks app.
- Assured Returns: Fixed interest rates guarantee predictable returns, unaffected by market fluctuations.
- No New Account Needed: Book an FD without opening a new bank account.
- Tax Benefits: Tax-saving FDs offer deductions up to ₹1.5 lakh under Section 80C with a 5-year lock-in.
Tax Implications
The interest earned on Airtel FDs is fully taxable as per your income tax slab. Key points include:
- TDS: If the annual interest exceeds ₹40,000 (₹50,000 for senior citizens), Tax Deducted at Source (TDS) at 10% is applied.
- Form 15G/15H: Investors with income below the taxable limit can submit Form 15G (for non-seniors) or 15H (for seniors) to avoid TDS.
- Tax-Saving FDs: Eligible for deductions up to ₹1.5 lakh under Section 80C, but only for 5-year FDs.
Premature Withdrawal
Airtel FDs allow premature withdrawal after 7 days, providing flexibility. However, penalties apply, which may include:
- A percentage deduction from the interest earned.
- A reduced interest rate based on the holding period.
Check the specific terms on the Airtel Thanks app before withdrawing.
Special FD Schemes
Airtel offers specialized FD schemes for large investments, such as the ₹1 Crore FD, which provides interest rates up to 9.1% p.a. These schemes are tailored for investors looking to park substantial amounts with attractive returns. Key features include:
- High ROI, RBI approval, and a fully digital process.
- KYC requirements: PAN card, proof of identity, and proof of address.
- No tax benefits under Section 80C for these large FDs, though interest remains taxable.
For more details, visit Airtel 1 Crore FD.
FAQs on Airtel Fixed Deposits
- What are the current interest rates for Airtel FDs?
- Regular investors: 6% to 9% p.a.
- Senior citizens: Up to 8.8% p.a.
- NRE/NRO accounts: 5% to 7% p.a.
- Large investments (e.g., ₹1 Crore): Up to 9.1% p.a.
- What is the minimum amount required to open an Airtel FD?
- The minimum deposit is ₹1,000.
- What tenures are available for Airtel FDs?
- Flexible tenures range from a few days to several years, with tax-saving FDs requiring a 5-year lock-in. Premature withdrawal is allowed after 7 days.
- How can I book an Airtel FD?
- Through the Airtel Thanks app: Go to Shop > Airtel Finance, select the investment amount, provide details, and book in 5 minutes.
- Are Airtel FDs safe?
- Yes, they are insured by the RBI and covered by DICGC up to ₹5 lakh.
- Can I withdraw my FD before maturity?
- Yes, after 7 days, but penalties apply, such as reduced interest rates.
- What are the tax implications of Airtel FDs?
- Interest is fully taxable. TDS at 10% applies if interest exceeds ₹40,000 (₹50,000 for seniors). Submit Form 15G/15H to avoid TDS if income is below the taxable limit.
- Do Airtel FDs offer special benefits for senior citizens?
- Yes, senior citizens receive higher interest rates, up to 8.8% p.a.
- Is there a maximum limit for investing in Airtel FDs?
- No specific maximum limit is mentioned, but special schemes like the ₹1 Crore FD cater to large investments.
- How can I manage my Airtel FD?
- Use the Airtel Thanks app to track investments and manage withdrawals.
For more information visit : https://www.airtel.in/finance/fixed-deposit/
Also visit : https://postofficefd.com/category/fixed-deposit/