Amazon Pay now lets users invest directly in Fixed Deposits (FDs) with a minimum amount of just Rs 1,000.
To make this possible, the platform has partnered with NBFCs like Shriram Finance, Bajaj Finance, and five others.
Customers can earn interest rates up to 8% per annum without needing to open a separate account with partner institutions.
Senior citizens and women investors are eligible for an additional 0.5% interest, making it even more attractive.
Vikas Bansal, CEO of Amazon Pay, said, “Fixed income instruments remain popular in India due to guaranteed returns and low risk.
This launch helps customers achieve better returns on their savings and sets a strong foundation for 2026 financial goals.”
Safe and Insured Investments
Amazon Pay clarified that FDs are insured up to Rs 5 lakh per depositor per bank under the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India.
This means customers are protected from losses up to this limit in case of a default.
How to Open an FD on Amazon Pay
Opening an FD is simple:
Access the FD feature directly through Amazon Pay.
Compare offerings from partner banks or NBFCs.
Select your preferred tenure and institution.
Complete the process digitally—no paperwork required.
This move is part of Amazon Pay’s broader push into financial services.
The platform now also offers insurance, ticket bookings for buses, trains, flights, and bill payments such as electricity and credit cards, making it a one-stop solution for users’ financial and lifestyle needs.
