After UPI payments and bill services, Amazon Pay has expanded into investment products by launching a Fixed Deposit (FD) facility on its platform. With this new feature, users can invest in FDs directly through the Amazon Pay app without opening a separate savings bank account.

The service has been rolled out in partnership with select NBFCs, small finance banks, and one private bank. Users can start investing with as little as ₹1,000, while interest rates can go up to 8 percent per annum, depending on the institution and tenure.

What Makes Amazon Pay FD Different?

Amazon Pay’s FD service is designed for users looking for safe and predictable returns with minimal hassle. The biggest advantage is that investors do not need to open a new savings account with the partner bank or NBFC. The entire process—from selection to investment—is completely digital and happens within the Amazon app.

According to the company, fixed-income products remain extremely popular in India, and this feature has been introduced keeping long-term financial planning and 2026 financial goals in mind.

Partner Banks and NBFCs

Amazon Pay has tied up with several financial institutions to offer FD options with different tenures and interest rates. Partner small finance banks include:

• Shivalik Small Finance Bank

• Suryoday Small Finance Bank

• Slice Small Finance Bank

• Utkarsh Small Finance Bank

• South Indian Bank

NBFC partners include Shriram Finance and Bajaj Finance. Investors can choose an institution based on tenure, interest rate, and additional benefits.

Interest Rates, Safety and DICGC Protection

FDs booked through Amazon Pay can offer interest rates of up to 8 percent annually. Shriram Finance also provides an additional 0.5 percent interest to women investors.

Amazon Pay clarified that FDs placed with partner banks are insured up to ₹5 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC), which operates under the RBI. This insurance cover adds an extra layer of safety for investors.

How to Invest in FD Using the Amazon Pay App

Investing in an FD through Amazon Pay is simple:

1. Open the Amazon app and go to the Amazon Pay section

2. Select the Fixed Deposit option

3. Accept the terms and conditions

4. Choose a bank or NBFC

5. Enter the investment amount and tenure

6. Complete the process digitally

No paperwork or branch visit is required.

FD Interest Rates Offered by Small Finance Banks

FD Rates for General Citizens:

• Shivalik Small Finance Bank: up to 7.50% (21 months 1 day to 22 months)

• Slice Small Finance Bank: up to 7.75% (18 months 1 day to 18 months 2 days)

• Suryoday Small Finance Bank: up to 8% (5 years)

• Utkarsh Small Finance Bank: up to 7.50% (2 to 3 years)

FD Rates for Senior Citizens:

• Shivalik Small Finance Bank: up to 8%

• Slice Small Finance Bank: up to 7.75%

• Suryoday Small Finance Bank: up to 8%

• Ujjivan Small Finance Bank: up to 7.95%

• Utkarsh Small Finance Bank: up to 8%