MobiKwik launches fixed deposit product with up to 9.5% interest rate

MobiKwik, a digital financial services platform, on Wednesday announced the launch of an Instant Fixed Deposit (FD) product on its mobile app, in partnership with financial services firms.

The product aims to simplify the savings process for its users, MobiKwik said in a statement.

MobiKwik Fixed Deposits allows users to start investing with as little as Rs 1,000 and earn up to 9.5 per cent returns per annum without opening a new bank account, it said.