Amazon Pay has officially expanded its financial services portfolio in India with the launch of Fixed Deposits (FDs) on January 6, 2026. With this move, Amazon Pay aims to make fixed-income investments more accessible by allowing users to open FDs directly through the Amazon app, without the need to open a new savings account with partner banks or NBFCs.
This new offering positions Amazon Pay as a serious player in India’s fast-growing digital investment ecosystem.
Key Features of Amazon Pay Fixed Deposits
One of the biggest highlights of Amazon Pay FDs is their low entry barrier. Users can start investing with a minimum amount of just ₹1,000, making it suitable for first-time investors and small savers.
Amazon Pay FDs offer interest rates of up to 8% per annum, depending on the selected partner institution and tenure. Senior citizens receive an additional 0.5% interest across all partner banks and NBFCs. Additionally, women investors can earn an extra 0.5% interest on FDs booked with Shriram Finance, making it one of the most attractive options on the platform.
In terms of safety, FDs booked with partner banks are insured up to ₹5 lakh per depositor under the DICGC (Deposit Insurance and Credit Guarantee Corporation), a subsidiary of the Reserve Bank of India. Importantly, users do not need to open a new bank account FDs can be booked using an existing account via UPI or net banking.
Partner Banks and NBFCs
Amazon Pay has partnered with a mix of banks and NBFCs to offer competitive rates:
Partner Banks
- Shivalik Small Finance Bank
- Suryoday Small Finance Bank
- South Indian Bank
- Utkarsh Small Finance Bank
- Slice Small Finance Bank
NBFC Partners
- Shriram Finance
- Bajaj Finance
This diverse lineup allows users to compare interest rates, tenures, and risk profiles before investing.
How to Open a Fixed Deposit on Amazon Pay
Opening an FD on Amazon Pay is completely digital and takes only a few minutes:
- Open the Amazon app and go to the Amazon Pay section
- Tap on Fixed Deposits under Investments or Payments
- Compare interest rates and tenures offered by partner institutions
- Enter the investment amount (minimum ₹1,000) and select tenure
- Complete KYC (instant if already verified)
- Make payment via UPI or linked bank account
Once completed, users can track their FD, download interest certificates, and manage renewals directly within the app.
Important Things to Know
Most partner institutions allow premature withdrawal, though it may result in a reduced interest rate or penalty. Interest earned on FDs is subject to TDS as per Indian income tax rules generally applicable if interest exceeds ₹40,000 annually (₹50,000 for senior citizens).
With competitive interest rates, low minimum investment, and a fully digital process, Amazon Pay Fixed Deposits offer a convenient and trustworthy option for Indian investors seeking stable returns. This launch further strengthens Amazon Pay’s position as a comprehensive financial services platform in
