Amazon Pay Rolls Out Fixed Deposits Starting at ₹1,000, Offers Up to 8% Interest
Fri Jan 09 2026
Amazon Pay, the payments arm of Amazon India, has rolled out a fixed deposit (FD) offering nationwide, allowing customers to invest starting from just ₹1,000 directly within the Amazon Pay interface.
The move marks a significant expansion of Amazon Pay’s financial services portfolio, going beyond payments and commerce-linked utilities into savings and wealth products.
Partnerships with Banks and NBFCs
To enable the FD product, Amazon Pay has partnered with two NBFCs and five banks:
NBFCs
- Shriram Finance
- Bajaj Finance
Banks
- Shivalik Small Finance Bank
- Suryoday Small Finance Bank
- South Indian Bank
- Slice
- Utkarsh Small Finance Bank
These partner institutions are offering interest rates of up to 8% per annum.
Additional benefits include:
- Extra 0.5% interest for senior citizens
- Up to 0.5% additional interest for women investors (offered by Shriram Finance)
Simple, Digital, and Secure Investing
Amazon Pay said customers can:
- Compare FD options across partners
- Choose tenure and interest rates
- Complete the entire process digitally within the app
Importantly, fixed deposits placed with partner banks are insured up to ₹5 lakh per depositor per bank under the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India.
Commenting on the launch, Vikas Bansal, CEO of Amazon Pay, said:
“Fixed income instruments remain hugely popular in India given their simple construct, guaranteed returns, and low-risk profile. With this launch at the start of the new year, we’re expanding customer choice and helping customers achieve better returns on their savings, giving them an optimal foundation for their 2026 financial goals.”
Strengthening Amazon Pay’s Fintech Push
The FD rollout aligns with Amazon Pay’s broader ambition to become a full-stack financial services platform. Over the years, Amazon Pay has expanded into:
- UPI payments
- Bill payments
- Credit products
- Insurance
- Travel bookings
- Mutual fund investments
- Digital gold
All services continue to operate within Amazon’s main ecommerce app, despite earlier reports of a possible standalone payments app.
Amazon Pay remains among India’s top 10 UPI apps by usage. As of November, it processed 8.9 crore transactions worth ₹10,147.1 crore, according to NPCI data.
Financial Performance and Outlook
On the financial front, Amazon Pay reported:
- 5% year-on-year reduction in losses to ₹865.7 crore in FY25
- Operating revenue of ₹2,195.1 crore, down 7% year-on-year
The company said the expansion into fixed deposits supports its long-term strategy of diversifying revenue streams while deepening its presence in India’s rapidly growing fintech ecosystem.
Why This Matters
With banks, fintechs, and super apps increasingly competing for consumer savings, Amazon Pay’s entry into fixed deposits adds another powerful distribution channel for traditional financial products.
By combining low entry barriers, trusted brand recall, and seamless digital experience, Amazon Pay is positioning itself as a one-stop destination for everyday payments and long-term savings—bringing fixed-income investing closer to India’s mass digital audience.
Fri Jan 09 2026
