FD Rates Update: Mobikwik gave a gift before Diwali, now it will give this much interest on FD..

Ever since the facility of digital payment has increased in the country, the way people invest is also becoming digital. Keeping this in mind, digital payment platform Mobikwik has announced to offer FDs with higher interest rates just before Diwali.

Startup company Mobikwik, which is preparing to bring an IPO, said on Wednesday that it will provide an FD facility on its app in collaboration with financial service partner companies. This will be an instant FD.

Will get up to 9.5 percent interest

Mobikwik says that on its platform, customers will get up to 9.5 percent annual interest on FD. Customers will be able to buy FDs on its platform for a period of 7 days to 60 days. People will be able to invest in these FDs with a minimum of Rs 1,000. Mobikwik said in a statement that the purpose of introducing FD is to make saving co-options easier for its users.

These are also options on Diwali.

If you want to start your savings or new investment on Diwali. So apart from bank FD, you can also invest in mutual funds, gold and silver. Today, there are many options to invest in gold. This includes the option of digital gold and gold ETF.

Purchasing gold on the occasion of Diwali is considered auspicious. At the same time, as the situation in the world is, investing in gold is considered the safest option. Therefore, a jump in gold prices is also being seen.