Amazon Pay Launches FDs with Up to 8% Interest in India
Business
M
Moneycontrol•06-01-2026, 18:22
Amazon Pay Launches FDs with Up to 8% Interest in India
- •Amazon Pay introduces fixed deposits on its platform in India, offering interest rates up to 8% per annum.
- •Partnerships include Shivalik, Suryoday, South Indian, Slice, Utkarsh Small Finance Banks, and NBFCs Shriram Finance, Bajaj Finance.
- •Customers can open FDs with a minimum investment of Rs 1,000; senior citizens get an additional 0.5% interest.
- •Women investors receive up to 0.5% extra interest from Shriram Finance, enhancing returns on savings.
- •The entire FD process, from comparison to opening, is digital via the Amazon Pay app, without needing a separate savings account.
Why It Matters: Amazon Pay expands financial services in India with fixed deposits, offering competitive interest rates and digital convenience.
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