Amazon Pay officially launched its fixed deposit (FD) services in India on January 6, 2026.This service was introduced as an expansion of Amazon Pay's financial ecosystem, transitioning the platform from a payment and credit service into a broader investment provider.
Key Features of Amazon Pay FDs
- The service is designed for ease of use, allowing users to invest without the typical banking hurdles.
- Minimum Investment: You can start an FD with as little as ₹1,000.
- Interest Rates: Partner institutions offer rates up to 8% per annum.
- No New Bank Account Needed: One of the biggest advantages is that you do not need to open a separate savings account with the partner bank or NBFC to book the FD.
- Digital KYC: The entire process, from comparison to booking, is handled digitally within the Amazon app using Aadhaar and PAN.
- Safety: Deposits with partner banks are insured up to ₹5 lakh by the DICGC (a subsidiary of the RBI).
Amazon has partnered with several banks and Non-Banking Financial Companies (NBFCs) to provide these rates:
Banks: South Indian Bank, Shivalik Small Finance Bank, Suryoday Small Finance Bank, Utkarsh Small Finance Bank, and Slice.
NBFCs: Bajaj Finance and Shriram Finance.
Special Incentives
Senior Citizens: All partners offer an additional 0.5% interest rate.
Women Investors: Partner Shriram Finance offers an additional 0.5% interest specifically for women.
Booking a fixed deposit on Amazon Pay is designed to be a completely digital and paperless process. Since the service launched on January 6, 2026, you can manage the entire investment lifecycle directly within the Amazon app.
Here is your step-by-step guide to booking an FD:
Step 1: Access Amazon Pay
- Open the Amazon app on your smartphone.
- Tap on the Amazon Pay icon (usually found in the bottom menu or the top-left menu bar).
Step 2: Find the Fixed Deposit Category
- Scroll down to the "Invest & Insure" or "Wealth" section.
- Tap on the Fixed Deposit icon.
- Note: If it's your first time, you may need to accept the Terms & Conditions to proceed.
Step 3: Compare and Select a Partner
- You will see a list of partner institutions (such as Suryoday SFB, Shriram Finance, or South Indian Bank).
- Compare Interest Rates: Rates can vary by institution, with some offering up to 8% p.a.
- Check Benefits: Look for specific tags (e.g., an extra 0.5% for Senior Citizens or an additional 0.5% for Women through Shriram Finance).
- Select your preferred bank or NBFC and tap "Invest Now."
Step 4: Configure Your FD
- Enter Amount: Input the amount you wish to deposit (starting from a minimum of ₹1,000).
- Choose Tenure: Select the duration (tenure) for which you want to keep the money locked. The app will automatically show you the Maturity Date and the Final Interest Amount.
Step 5: Complete Digital KYC
- Since this is a regulated financial product, you will need to complete a quick digital KYC.
- Enter your PAN and Aadhaar numbers.
- Verify with an OTP sent to your Aadhaar-linked mobile number.
- Note: In some cases, a brief video KYC with a bank representative might be required if you haven't done it before on the platform.
Step 6: Make the Payment
- Once KYC is verified, proceed to payment.
- You can pay via Amazon Pay UPI or any other linked bank account.
- After the payment is successful, you will receive an Instant Digital Receipt.
Important Things to Remember:
- Insurance: Deposits with partner banks are insured up to ₹5 lakh by the DICGC. (Note: NBFC deposits like Shriram or Bajaj Finance are generally not covered by DICGC but are highly rated).
- Account Requirements: You do not need to open a separate savings account with the partner bank; the money will be deducted from and returned to your existing linked bank account.
- Maturity: On the maturity date, the principal and interest will be credited back to your linked bank account automatically.
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