Amazon Pay Launches FD Services in India: Earn Up to 8% Interest, Fully Digital & Insured
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News18•06-01-2026, 18:45
Amazon Pay Launches FD Services in India: Earn Up to 8% Interest, Fully Digital & Insured
- •Amazon Pay introduces Fixed Deposit (FD) services in India, partnering with Shriram Finance, Bajaj Finance, and five banks including Shivalik, Suryoday, South Indian Bank.
- •Customers can start FDs with a minimum of ₹1000, earning up to 8% interest, with additional benefits for senior citizens and women investors.
- •All deposits are insured up to ₹5 lakh by DICGC, ensuring security even if financial institutions face difficulties.
- •The entire FD process, from selection to withdrawal, is fully digital via the Amazon Pay app, offering convenience and quick access to funds.
- •Vikas Bansal, CEO of Amazon Pay, states the aim is to make investment avenues accessible to common people and meet overall financial needs.
Why It Matters: Amazon Pay's new digital FD service offers secure, high-return investment options for Indian users.
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