MobiKwik Launches Fixed Deposit with Up to 9.5% Interest
Oct 23, 2024 21:31
MobiKwik introduces Instant Fixed Deposits offering up to 9.5% interest. Invest as low as Rs 1,000 and choose tenures from 7 days to 60 months. Secure your savings with MobiKwik.
New Delhi, Oct 23 (PTI) MobiKwik, a digital financial services platform, on Wednesday announced the launch of an Instant Fixed Deposit (FD) product on its mobile app, in partnership with financial services firms.
The product aims to simplify the savings process for its users, MobiKwik said in a statement.
MobiKwik Fixed Deposits allows users to start investing with as little as Rs 1,000 and earn up to 9.5 per cent returns per annum without opening a new bank account, it said.
Users can choose a tenure ranging from 7 days to 60 months depending on their convenience, it said.
Premature withdrawals are allowed subject to variations in interest rates as outlined in the terms and conditions of the issuer, it said.
Through its partnership with RBI-regulated Small Finance Banks and NBFCs such as Suryoday Small Finance Bank, Bajaj Finance, and others along with technology service provider Blostem, MobiKwik aims to provide security of fixed deposit bookings made on its platform, it added.
Home »
Market News » MobiKwik Launches Fixed Deposit with Up to 9.5% Interest
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
ADB Praises India's Fossil Fuel Subsidy Reforms
The Asian Development Bank (ADB) commends India's progress on fossil fuel subsidy...
India Commits to Sendai Framework for Disaster...
India reaffirms its commitment to the Sendai Framework for disaster risk reduction,...
Hero MotoCorp Sales Surge 18% in October
Hero MotoCorp's sales rose by 18% in October, reaching 6.8 lakh units. Strong demand...
Gold, Silver Jewelry Export Norms Revised:...
The Indian government has revised norms for gold, silver, and platinum jewelry exports,...
Sensex, Nifty Rise in Muhurat Session: Samvat...
Indian benchmark indices Sensex and Nifty surged in the Muhurat trading session on...
PSU Banks Monetize Rs 4.5 Cr Through Scrap...
Public sector banks and financial institutions have earned Rs 4.5 crore through scrap...
Karur Vysya Bank Expands Retail Presence in TN...
Karur Vysya Bank strengthens its retail footprint in Tamil Nadu and Karnataka with the...
Honda Car Sales Drop 23% in October
Honda Cars India's sales declined 23% in October to 10,080 units, with domestic sales...
Google India Profit Rises 6% to Rs 1,425 Cr in...
Google India's profit after tax (PAT) surged 6% to Rs 1,425 crore in the 2023-24 fiscal...
Bullion Rates Today: Gold & Silver Prices in...
Check the latest bullion rates for gold and silver in Bengaluru. Get the price of...
Read More »