Amazon Pay now lets users invest in Fixed Deposits (FDs) starting from just Rs 1,000.
To make this possible, the platform has partnered with NBFCs like Shriram Finance, Bajaj Finance, and five others.
Investors can earn interest rates up to 8% per annum, without opening a separate account with partner institutions.
Senior citizens and women are eligible for an extra 0.5% interest, giving them even better returns.
Vikas Bansal, CEO of Amazon Pay, said, “Fixed income instruments remain hugely popular in India because of their simple structure, guaranteed returns, and low risk.
With this FD launch, we are helping customers grow their savings and achieve their 2026 financial goals.”
Safe and Insured Investment
Amazon Pay FDs are insured up to Rs 5 lakh per depositor per bank under the Deposit Insurance and Credit Guarantee Corporation (DICGC).
This means that even in the unlikely event of a default, customers’ investments are protected up to this limit.
How to Open an Amazon Pay FD
Opening an FD with Amazon Pay is completely digital.
Customers can:
Compare offerings from different partner banks and NBFCs
Choose their preferred institution and tenure
Complete the entire process online
No paperwork or separate accounts are needed, making it a quick and convenient option for savings.
Expanding Financial Services on Amazon Pay
This move adds to Amazon Pay’s growing suite of financial services.
Customers can already use the platform to:
Book bus, train, and flight tickets
Pay bills, including credit card and electricity bills
Buy insurance for health, car, or bike
By adding FDs, Amazon Pay is positioning itself as a comprehensive financial ecosystem for Indian customers, helping them save, invest, and manage money all in one place.