Tata Neu Enhances Savings Potential with Launch of Fixed Deposits Marketplace
365Telugu.com online news,National, January 7, 2025: Tata Digital is taking a significant step into the retail investment arena with the launch of its Fixed Deposits Marketplace on Tata Neu. This new
365Telugu.com online news,National, January 7, 2025: Tata Digital is taking a significant step into the retail investment arena with the launch of its Fixed Deposits Marketplace on Tata Neu. This new platform gives customers the opportunity to invest in fixed deposits from trusted financial institutions, offering competitive interest rates as high as 9.1%, all without the need for a savings account.
The process is quick and accessible: in just 10 minutes, users can start their investment journey with as little as INR 1,000, thanks to a simple and efficient digital interface. This development makes it easier for more people to begin their financial journey, regardless of their starting capital.
Furthermore, investments in bank fixed deposits are insured up to INR 5 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC), ensuring safety and peace of mind for all investors.
Gaurav Hazrati, Chief Business Officer of Financial Services at Tata Digital, said, “Fixed deposits have long been a reliable option for those seeking secure, stable investments. With our new Fixed Deposit Marketplace, we aim to broaden access to high-yield, fixed-return products from reputable financial providers. This platform is designed to provide competitive interest rates, empowering both experienced investors and newcomers to confidently grow their wealth.”
Vishal Singh, Head of Digital Banking at Suryoday Small Finance Bank, remarked, “At Suryoday, we have always strived to offer competitive interest rates on fixed deposits. Our digital deposit product allows customers to open, manage, and liquidate deposits entirely online. Partnering with Tata Digital extends our reach and provides a wider customer base with access to our innovative offerings.”
Parag Sharma, CFO & MD of Shriram Finance, added, “We are thrilled to collaborate with Tata Digital on this Fixed Deposit offering via Tata Neu. Our customers can enjoy enhanced returns, including special benefits for women and senior citizens. This partnership ensures a seamless and hassle-free experience when booking fixed deposits.”
Looking ahead, Tata Neu plans to further expand its Fixed Deposit Marketplace by adding more banks and launching recurring deposit options, providing customers with even more opportunities for systematic and regular investments.
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