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Amazon Pay has announced the launch of fixed deposits (FDs) on its platform. The move is a milestone for the firm’s expansion into Indian financial services. This launch indicates millions of Amazon Pay users can now digitally invest in fixed deposits. With starting amounts as low as Rs. 1,000, consumers do not need to step outside the Amazon ecosystem.
The launch positions Amazon Pay as a one-stop platform for payments and savings, at a time when Indians continue to favor low-risk, fixed-income products amid market volatility.
For the implementation of its FD services, Amazon Pay has tied up with five banks: Shivalik Small Finance Bank, Suryoday Small Finance Bank, South Indian Bank, Slice, and Utkarsh Small Finance Bank. Additionally, two non-banking financial companies, namely Shriram Finance and Bajaj Finance, are also included.
Thanks to these partner institutions, Amazon customers can now earn an interest rate of 8% per year, depending on the issuer. To make this product more inclusive, Amazon Pay is also offering preferred rates.
The interest that seniors get has been further enhanced to 0.5% across all partnering institutions. For women investors, the earnings on fixed deposits from Shriram Finance has been raised by 0.5%.
As per the company statement, “Amazon Pay lets customers compare options for FD programs offered by several partners simultaneously, making it easier for customers to select products aligned with their respective financial objectives.”
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An insurance of up to Rs. 5 lakh per depositor per bank under the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India, is now available. This provides extra security to customers who choose methods provided by the bank.
CEO of Amazon Pay Vikas Bansal emphasized that the popularity of fixed-income instruments has not faded in India, given the simple, risk-free nature of the product. “As we start this new year, with the launch of this service, we are giving consumers the choice and enabling them to achieve optimal results and provide a strong start to 2026,” he added. This move displays Amazon Pay’s continued efforts to expand its services across the growing digital financial market in India.
