CURRENT AFFAIRS

Detailed explanation-1: -New Delhi, Sep 1 (PTI) Google Pay users can take the benefits of fixed deposit rates offered by Equitas Small Finance Bank by booking FD on the payments platform without opening a bank account.

Detailed explanation-2: -Equitas Small Finance Bank FD interest rates: With a strong Fintech partner in the form of Setu we are happy to launch this innovation on Google Pay."

Detailed explanation-3: -American tech giant Google has recently partnered with fintech startup Setu to let users open fixed deposits (FDs) through the digital wallet platform Google Pay. According to Mashable, Google Pay will initially offer its users FDs of Equitas Small Finance Bank for up to one year.

Detailed explanation-4: -Yes, Google Pay allows premature withdrawal of the fixed deposit. The FD amount will get transferred in to the user’s Google Pay linked bank account on the same day. Can I book Google Pay FD through iPhone? No, currently the Equitas Bank is giving fixed deposit facility only to Google Pay users on the Android phone.

Detailed explanation-5: -Equitas Small Finance Bank (SFB) has collaborated with Google Pay to launch its digital fixed deposits.