Google Pay Users बहुत जल्द App से ही Fixed Deposit भी करवा सकेंगे|
Google Pay अपने platform पर ये service start करने जा रही है. इससे एक ही प्लेटफॉर्म पर customers को payment option के साथ-साथ investment option भी मिलेगा|
Google Pay पर ही users को FD कराने की सहूलियत देने के लिए Google ने Setu नाम की fintech company के साथ partnership की है|
Google Pay Fixed Deposit में invest करने के लिए आपको KYC से गुज़रना होगा|
Google Pay पर ये प्रक्रिया Aadhaar बेस्ड होगी और OTP के माध्यम से पूरी होगी|
Are you a Google Pay user? Then here is a good news for you. Google has teamed up with fintech company Setu to let its users open fixed deposits (FDs) through Google Pay. According to Mint report, GooglePay is reportedly working on offering fixed deposits (FDs) on its platform with the help of a fintech startup Setu.
Notably, Setu is an application programming interface (API) infrastructure start-up, which offers APIs across bill payments, savings, credit, and payments.
Users will be able to open FDs through Google Pay or GPay even if they don’t have an account in the offering bank.
Initially, the digital payment platform GPay will offer FDs of small finance banks like Equitas Small Finance Bank. Ujjivan Small Finance Bank and AU Small Finance Bank, are also in the pipeline.
Aadhaar-based KYC (know your customer) will be mandatory for users to open the FDs, the report said.
The FDs will be offered for a period of one year, with a maximum interest rate of 6.35 percent.
The beta version of the API offers FDs of various tenors including 7-29 days, 30-45 days, 46-90 days, 91-180 days, 181-364 days, and 365 days. The interest rates range from 3.5 percent for the shortest FD to 6.35 percent for the one-year FD.
Google Pay has teamed up with fintech company ‘Setu’ and is now going to let its users open fixed deposits (FDs).
Initially, fixed deposits of Equitas Small Finance Bank will be offered for up to one year.
Google Pay has nearly 150 million monthly active users in India. With this new feature, users will be able to open FDs through Google Pay, even if they do not have an account in the bank offering fixed deposit.
What is Setu?
Setu is an application programming interface (API) infrastructure start-up, which offers APIs across bill payments, savings, credit, and payments.
The beta version of the API offers FDs of various tenors including 7-29 days, 30-45 days, 46-90 days, 91-180 days, 181-364 days, and 365 days. The interest rates range from 3.5 percent for the shortest FD to 6.35 percent for the one-year FD.
What is a Fixed Deposit?
Fixed Deposit is an investment instrument offered by banks. It enables you to deposit a lump sum amount for a fixed period and choose the tenor as per your convenience.
