Amazon pay to start offering FD!

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Last Comment 2022-07-15

2021-09-09

Investment platform Kuvera has tied up with Amazon Pay India to provide its wealth management services to Amazon Pay’s users. To begin with investments into mutual funds and fixed deposits will be made available.

https://www.gadgetsnow.com/tech-news/amazon-pay...

Great news.. hopefully they launch soon.

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https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_7916416

avgn

2021-09-09

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Et tu Amazon unamused

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_8017972

MrKool_JJ

2021-10-14

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Et double tu Emazon cry confused

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_7916470

teriab33

2021-09-09

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Looking forward to order my 1/2 kg of FD along with the monthly pantry order. When your grocery supplier becomes your wealth manager.

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_8568787

Agnivo007

2022-07-15

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Don't forget that even most half educated grocery or fish wallas are more skilled in mental maths than an average college passout.

So there's always a benefit of doubt...

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_7916500

vipin13

2021-09-09

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Lic wala payment option ka kya huya working or not ?

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_7916501

sauravDD

2021-09-09

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Now Amazon is only left for Bank I hope they will launch amazon bank soon

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_7918495

desiman

2021-09-09

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or take over IDBI central bank of India

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https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_7918393

igen

2021-09-09

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Amazon Prime free milega kya FD ke sath ya Prime ko 1% extra interest. stuck_out_tongue

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_7918512

Cody

2021-09-09

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It will be partnered by bank.

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_7918520

simhapur

2021-09-09

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Good if it accepts apay balance

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_7918733

jeff_bezos_amazon_owner

2021-09-09

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it will not

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https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_7948382

mdzaheer

2021-09-22

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What will happen to FD, if amazon blocks our account in future flushed

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_8017869

jaybro

2021-10-14

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Partner bank should help.

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https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_7948416

Sudarshan61

2021-09-22

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Ignore... never mix shopping/ecommerce with banking needs.

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_8568799

Agnivo007

2022-07-15

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Baat mein dum hai, par phir bhi bohat clients mil jayega...

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_8568764

odinz_offer

2022-07-15

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Hey looks like Amazon has launched FD & Mutual Funds in partnership with Kuvera. They are giving two offers now

1) On booking first Axis bank FD through Amazon Pay with a minimum investment of 5k and tenure 1 year you get a Rs 200 Amazon Pay gift card. Essentially on a 5k investment your 1 year return could be effectively 9.75% (5.75% + 4% (200/5000)). However, note that the gift card will be sent directly by Axis bank within 3 months of offer ending date which is July 31st.

2) On redeeming any fund purchased through Amazon pay you can transfer the redeemed amount into Amazon pay gift card and get 1% extra. So effectively you get 1% better return. Useful if you plan to make large ticket purchases on Amazon and don't have a good credit card.

You can access this only from Amazon app and not from their desktop site.

You need to go to Pay FROM Amazon app and then go to Insure and Invest section and click on FD & Mutual Funds icon. Then proceed to their investment page and book the fixed deposit. You will also see offer banners there and when you book an Axis bank FD, you will see this in terms and conditions as well. They can do a better job in clarifying terms and conditions upfront though.

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_8568775

some1anywhere

2022-07-15

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I see only Axis Bank among well known banks for now.

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_8568796

Agnivo007

2022-07-15

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Why, have all others gone to sleep?

https://www.desidime.com/discussions/amazon-pay-to-start-offering-fd?page=1#post_8568784

odinz_offer

2022-07-15

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Yeah that's true but they also have Bajaj, which is not a bank but probably better than most of the smaller banks like equitas etc.. Also bajaj is offering 7.5% interest + 0.25% for senior citizens. Wish they had some offers on Bajaj fds as well. I would also like to see some more options, I guess they will add eventually.