Google Pay is a popular payment gateway in India. Apart from serving as a Unified Payments Interface (UPI), the application offers various financial and banking services. The latest service offered by Google Pay is ‘Fixed Deposit (FD)’ in partnership with Equitas Small Finance Bank. As of now, the interest rate offered by the bank is up to 6.35% for a one-year fixed deposit.
Follow the steps mentioned below to apply for a fixed deposit through Google Pay:
Google Pay FD money will get directly transferred in to the user’s Google Pay linked bank account.
Yes, Google Pay allows users to track their deposit and also book new ones.
Yes, Google Pay allows premature withdrawal of the fixed deposit. The FD amount will get transferred in to the user’s Google Pay linked bank account on the same day.
No, currently the Equitas Bank is giving fixed deposit facility only to Google Pay users on the Android phone. This service will be given on iPhone later.
Equitas Bank is an RBI scheduled commercial bank and covers deposit guarantee of up to Rs. 5 lakhs for every depositor.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.