Amazon India’s funds arm Amazon Pay has rolled out a set deposit (FD) providing throughout India, marking its newest transfer to deepen its monetary companies portfolio past funds and commerce-linked utilities.

Underneath the brand new service, prospects can open fastened deposits ranging from Rs 1,000 immediately by way of the Amazon Pay interface, with out the necessity to open separate financial savings accounts with associate establishments.

The fintech arm of the ecommerce main has partnered with two non-banking monetary firms, together with Shriram Finance and Bajaj Finance, and 5 banks: Shivalik Small Finance Financial institution, Suryoday Small Finance Financial institution, South Indian Financial institution, Slice, and Utkarsh Small Finance Financial institution.

The associate establishments are providing rates of interest of as much as 8% every year. All companions present a further 0.5% curiosity for senior residents, whereas Shriram Finance additionally gives as much as 0.5% further curiosity for ladies traders.

“Mounted revenue devices stay vastly standard in India given their easy assemble, assured returns, and low threat profile,” stated Amazon Pay CEO Vikas Bansal.

“With this launch at the beginning of the brand new yr, we’re increasing buyer alternative and serving to prospects obtain higher returns on their financial savings, giving them an optimum basis for his or her 2026 monetary objectives.”

Amazon Pay stated prospects will be capable of evaluate FD choices throughout associate establishments, select tenures, and full the funding course of digitally throughout the app. Mounted deposits positioned with associate banks are insured as much as Rs 5 lakh per depositor per financial institution below the Deposit Insurance coverage and Credit score Assure Company (DICGC), a subsidiary of the Reserve Financial institution of India.

The launch provides to Amazon Pay’s broader push to place itself as a full-stack monetary companies platform. Over time, it has expanded from funds into UPI transactions, invoice funds, credit score merchandise, insurance coverage, journey bookings, mutual fund investments, and digital gold purchases. These companies presently function inside Amazon’s ecommerce app, regardless of studies in August 2024 suggesting the corporate was contemplating a standalone funds platform.

Amazon Pay stays among the many high 10 UPI apps by utilization. As of November, it processed 8.9 crore transactions price Rs 10,147.1 crore, in line with information from the Nationwide Funds Company of India.

On the monetary entrance, Amazon Pay narrowed its losses by 5% year-on-year to Rs 865.7 crore in FY25, whereas working income declined 7% to Rs 2,195.1 crore. The corporate stated the growth into fastened deposits is a part of its long-term technique to diversify income streams and strengthen its presence in India’s rising fintech market.