Amazon Pay Enters Fixed Deposit Space, Investment Starts at Rs 1,000
Amazon Pay has expanded its financial services portfolio by launching fixed deposit (FD) investments directly through its app, making low-risk investing easier and more accessible for Indian users.
With this new feature, users can invest in FDs without opening a separate savings account, making it especially convenient for first-time and small investors.
Key Highlights
- Minimum investment: ₹1,000
- Maximum interest rate: Up to 8% per annum, depending on tenure and institution
- Completely digital: Paperless and app-based process
- No new bank account required
Partner Banks and NBFCs
Amazon Pay has partnered with multiple financial institutions to offer FD products:
Banks & Small Finance Banks: Shivalik Small Finance Bank, Suryoday Small Finance Bank, South Indian Bank, Utkarsh Small Finance Bank, Slice
NBFCs: Shriram Finance, Bajaj Finance
How to Invest via Amazon Pay
- Open the Amazon app and go to Amazon Pay
- Select Fixed Deposit
- Choose a partner bank/NBFC and preferred tenure
- Enter the investment amount and complete the transaction
Safety & Insurance
Fixed deposits placed with partner banks are insured under Deposit Insurance and Credit Guarantee Corporation (DICGC) for up to ₹5 lakh per depositor per bank.
However, FDs with NBFC partners are not covered under DICGC, and investors are advised to evaluate risks before investing.
With this move, Amazon Pay aims to attract users seeking a simple, low-entry, and secure investment option through a familiar digital platform.
