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Fixed deposit account can be opened even without a bank account, here is the complete process

Fixed Deposit on Google Pay Without Bank Account: In the Corona Pandemic, it has become very common for people to make payments through digital means. Everyone has started using Google Pay, Phone Pe, Paytm etc. With this, the money is transferred to the bank account or wallet as soon as possible without any hassle. In such a situation, to provide maximum benefit to the customers, these online payment companies also keep bringing many popular offers. A similar offer has been brought by the country’s largest online payment company Google Pay. Google Pay has added a new feature through which users will be able to make fixed deposits without any bank account.

According to Google Pay, the company has also tied up with small banks. Now users will be able to buy Small Bank Fixed Deposit. On this fixed deposit, customers will also get about 6.35% rate of interest (FD Rate of Interest). If you also want to invest your money in FGD through Google Pay, then you have to follow some easy steps. So let us tell you how you can open FD (Google Pay FD) on Google Pay in a few minutes-

read this also: Retirement Planning: Try this option to make a safe investment after retirement, you will get bumper returns

In this way, open fixed deposit account on Google Pay-

  • To open FD on Google Pay, first you open the app and select the Business and Bills option given below.
  • Select the ‘Equitas SFB’ logo.
  • After this search Equitas.
  • You will get the option written Equitas small finance Bank by Setu on your mobile screen.
  • Select the Get Started option.
  • Open FD in 2 minutes will appear written which click on it.
  • Select the option of Invest Now.
  • You will get the Fixed Deposit option which you select.
  • Click on Create FD.
  • Confirm amount and interest rate
  • KYC process will be completed
  • Fill all the details like Aadhar number, mobile number, email id and pin code.
  • Click on submit option.
  • Your Fixed Deposit account will open

read this also: Post Office Scheme: This post office scheme gives more returns than bank FD, here is the list of schemes

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Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.

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