BankBazaar Launches Paperless Applications For Fixed Deposits

By | March 20, 2017

BankBazaar Launches Paperless Applications For Fixed Deposits, the Personal Finance marketplace backed by Amazon, has launched a paperless application process to open Fixed Deposits. This is in keeping with the company’s focus on simplifying the application process across a variety of financial products.

Fixed Deposits are the simplest investment products for customers. Now with a paperless application process, customers can easily invest in Fixed Deposits online by comparing rates across banks on’s one-stop platform and choosing the best ones.

Additional Reading: Why Paperless?

The introduction of paperless Fixed Deposit applications allows customers two convenient options for document verification. Customers can either upload scanned identity documents for verification or opt for eKYC through Aadhaar authentication. Customers can invest in Fixed Deposits online through netbanking or using a Debit Card.

Additional Reading: All About The Paperless Initiative

Adhil Shetty, Founder & CEO, says, “This is a milestone innovation that will have a long-term impact on FD in India.” Ajit Narasimhan, Category Head – Savings & Investments, adds, “We believe Fixed Deposits are an evergreen investment option for Indian retail customers. By making this product consumable in a paperless and instant manner, has made the investment experience frictionless for Indian consumers.”

Additional Reading: Paving The Way For Paperless Transactions – Adhil Shetty On Demonetisation

This is yet another firm step in’s objective to help simplify financial planning for customers as part of the company’s larger mission to enable people to access the right financial products.

Additional Reading: Falling Interest Rates Affecting Your Fixed Deposits?

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit for the latest rates/offers.

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