- Invest digitally in under 10 minutes, starting from just INR. 1,000, and earn up to 9.1% interest
- Customers can choose from both, banks and NBFCs like Suryoday Small Finance Bank, Shriram Finance, Bajaj Finance, for a wide range of investment options
- Investments in bank deposits are safe and insured up to INR. 5 lakh under DICGC insurance
With the introduction of its Fixed Deposits Marketplace on Tata Neu, Tata Digital announces its entry into the retail investment market. Without requiring a savings bank account, this cutting-edge platform enables its clients to invest in fixed deposits with top financial institutions at interest rates as high as 9.1%.
Investing has never been simpler or more accessible. Through a smooth digital approach, Tata Neu consumers may begin their investing adventure with as low as INR 1,000 in only ten minutes. Regardless of starting capital, this gives everyone access to financial empowerment. Customers may rest easy knowing that their bank savings are protected by the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to INR 5 lakh.
According to Gaurav Hazrati, Chief Business Officer, Financial Services, Tata Digital, “fixed deposits have long been a trusted choice for building a safe and stable investment portfolio.” “We want to democratize access to high-yield, fixed-return products from several reliable providers through our Fixed Deposit Marketplace. This straightforward and safe platform is made to provide competitive interest rates, enabling both novice and experienced investors to easily and confidently increase their money.”
According to Vishal Singh, Head of Digital Banking at Suryoday Small Finance Bank, “Suryoday has always sought to provide its clients with competitive interest rates for fixed deposits. Customers may conveniently open, manage, and liquidate deposits completely online using our digital deposit solution. By collaborating with Tata Digital, we can reach a wider audience and provide cutting-edge goods like these.
“Shriram Finance is pleased to collaborate with Tata Digital for our Fixed Deposit offering on Tata Neu,” stated Parag Sharma, CFO & MD, Shriram Finance. For female clients and older folks, we provide higher returns together with extra incentives. Customers will have a smooth and hassle-free FD booking experience because to our relationship.”
As additional banks are expected to join the Tata Neu Fixed Deposit marketplace, customers stand to gain even more. In order to facilitate consistent and methodical investing, Tata Neu will now provide recurring deposits.
