Amazon Pay Relaunches FD with Up to 8% Interest: Invest Digitally from Home!

• Amazon Pay re-introduces Fixed Deposit (FD) feature, offering up to 8% interest.
• Partnership with small finance banks and select NBFCs provides higher returns than traditional banks.
• Investment process is fully digital via the Amazon app, allowing FD booking in minutes.
• Interest rates vary by tenure: up to 7.25% for 1-year, 7.5% for 2-year, and 8% for 5-year FDs.
• Bank FDs are secured up to ₹5 lakh by DICGC; check NBFC credit ratings before investing.

Why It Matters: Amazon Pay now offers a convenient digital platform for FDs with competitive interest rates up to 8%.