Amazon Pay Launches FDs in India: Earn Up to 8% Interest, Start with ₹1,000

• Amazon Pay introduces Fixed Deposits (FDs) in India, expanding its financial services portfolio.
• Partnerships with NBFCs like Shriram Finance, Bajaj Finance, and five banks offer FDs with interest up to 8% p.a.
• Customers can start FDs with as little as ₹1,000 directly through the Amazon Pay app, comparing multiple institutions.
• Special interest rates include an additional 0.5% for senior citizens and women investors with Shriram Finance.
• Deposits are insured up to ₹5 lakh per depositor per bank by DICGC, ensuring security.

Why It Matters: Amazon Pay now offers FDs in India, providing a low-risk savings option with up to 8% interest.