Opening an FD Just Got Even Easier: Invest Directly in Fixed Deposits Using New Digital Platforms

Kokila Chokkanathan
Opening a Fixed Deposit (FD) is no longer a long bank visit process. Today, you can invest directly in FDs using wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital apps and fintech platforms in just a few clicks.

Recent developments show that apps like Zerodha Coin, Amazon Pay, and several banking apps now allow users to invest in FDs instantly—making savings more accessible and faster than ever.

📌 What Has Changed in FD Investing?

Traditionally, you had to:

  • Visit a bank branch
  • Fill physical forms
  • Transfer funds manually
  • Wait for FD confirmation
Now, with wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital upgrades, you can:

  • Open FD online instantly
  • Use UPI or net banking
  • Invest across multiple banks in one place
  • Track all FDs in a single dashboard
For example, Zerodha Coin has recently added FD investments directly on its platform, allowing users to invest in fixed deposits from partner banks and small finance banks in one place.

📱 1. Invest in FD Through Investment Apps

Apps like Zerodha Coin and similar platforms now offer:

  • Multiple bank FD options
  • Interest rates comparison
  • Tenures ranging from short-term to long-term
This helps users choose better returns without visiting multiple banks.

💳 2. Use UPI or bank Transfer to Open FD Instantly

Many banks now support FD creation using:

  • UPI payments
  • Net banking
  • Linked external bank accounts
This means you don’t even need to transfer money manually between accounts before opening an FD.

📊 3. FD Apps Like amazon Pay Also Enter the Market

Digital payment platforms are expanding into investments:

  • Users can open FDs via apps like amazon Pay
  • Minimum investment can start as low as ₹1,000
  • Interest rates vary depending on partner banks/NBFCs
This makes FD investing easier for beginners.

🔐 4. Why This wallet PLATFORM' target='_blank' title='digital-Latest Updates, Photos, Videos are a click away, CLICK NOW">digital FD Trend Is Growing

The shift is happening because:

  • People prefer mobile-first banking
  • Instant investment experience is faster
  • Better transparency in interest rates
  • One dashboard for multiple investments
⚠️ Things to Keep in Mind

Even though FD apps are convenient:

  • Check if the bank is insured (DICGC cover up to ₹5 lakh in India)
  • Compare interest rates before investing
  • Understand lock-in and premature withdrawal rules
  • Verify platform credibility before investing
📌 Final Takeaway

FD investing has become:
👉 Faster
👉 Fully digital
👉 Accessible through apps and UPI
👉 Manageable in one place

In simple terms:
You no longer need to visit a bank—FDs can now be opened directly from your phone in minutes.

 

Disclaimer:

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.

For more interesting updates click and follow Indiaherald WhatsApp channel

Find Out More:

FD

Related Articles: