Amazon Pay Introduces Fixed Deposit Investment Option With Returns Up To 8%

Amazon Pay, best known for UPI payments, bill settlements and everyday transactions, has now stepped into the investment segment with the launch of a fixed deposit (FD) investment service. With this move, users can invest in FDs directly through the Amazon Pay app, making fixed-income investing simpler and more accessible.

FD Investments Without Opening A Savings Account

One of the biggest highlights of Amazon Pay’s FD offering is convenience. Users do not need to open a separate savings account with any of the partner non-banking finance companies (NBFCs), small finance banks (SFBs), or the bank to start investing. The entire process is handled digitally within the app.

Amazon Pay’s FD Partners

Amazon Pay has partnered with multiple financial institutions to offer a range of FD options. Its partner banks include Shivalik Small Finance Bank, Suryoday Small Finance Bank, South Indian Bank, Slice, and Utkarsh Small Finance Bank. On the NBFC side, the platform has tied up with Shriram Finance and Bajaj Finance, allowing investors to choose based on tenure, returns and preferences.

Minimum Investment And Interest Rates

Investors can begin their fixed deposit journey on Amazon Pay with a minimum investment of just ₹1,000. The platform offers interest rates of up to 8% per annum on select deposits. Additionally, Shriram Finance provides up to 0.5% extra interest for women investors, making it an attractive option for female customers looking for stable returns.

Deposit Safety And Insurance Cover

Amazon Pay has assured users that fixed deposits placed with its partner banks are insured up to ₹5 lakh per depositor per bank under the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India. This ensures regulatory protection and adds a layer of security for investors.

What Amazon Pay Says About The Launch

Explaining the rationale behind the new feature, Amazon Pay CEO Vikas Bansal said, "Fixed income instruments remain hugely popular in India given their simple construct, guaranteed returns, and a low-risk profile." He added, "With this launch at the start of the new year, we're expanding customer choice and helping customers achieve better returns on their savings, giving them an optimal foundation for their 2026 financial goals."

How To Invest In Fixed Deposits On Amazon Pay

To start investing, users need to open the Amazon app and navigate to the Amazon Pay section. From there, they can select the Fixed Deposit option, accept the terms and conditions, choose a preferred financial institution, select the deposit tenure, and enter the investment amount. The account opening and investment process is completed digitally by submitting the required details through the app.

Highest FD Interest Rates Offered by Small Finance Banks for General Citizens

Highest FD Interest Rates Offered by Small Finance Banks for Senior Citizens

More Than Just Investments

Apart from fixed deposit investments, Amazon Pay continues to offer a wide range of services, including UPI payments, credit solutions, bill payments, and travel bookings. With the addition of FDs, Amazon Pay is strengthening its position as a comprehensive digital financial platform for Indian users.