Upstox has partnered with various banks to offer fixed deposits. All investments through Upstox go directly to the FD providers, and withdrawals are conveniently credited to the same bank account you used for your initial investment. Upstox acts as a seamless platform for investing in a variety of FDs, without the need to open a new bank account. Below are the steps to invest in fixed deposits via Upstox:
1. From the ‘Account’ section switch to ‘Upstox for investors’ if you’re on the ‘Upstox Pro for traders’ mode.
2. Navigate to the ‘More’ section and click on ‘Fixed deposits’.
3. From the ‘Explore’ section, select the FD in which you want to Invest in
Upstox has partnered with several banks to facilitate seamless FD creation. Such banks are highlighted with a tag 'Available on Upstox'
4. Go through the details of the Fixed deposit and click on the ‘Invest’
5. Click on 'Continue' to redirect to the partner bank's page
Investing in fixed deposits requires you to complete KYC and share personal details such as your name, mobile number, PAN, email, address, etc., as well as your bank details. This process can be quite cumbersome and lengthy. To make it seamless, we have enabled the direct sharing of all necessary details with partner banks via a secured network, but only when you provide your consent. We utilize the same information that you shared with us while creating your Upstox account.It may take up to 3 business days to process your order. Once processed, the bank will directly send the FD receipt to your email ID.6. Select the Investment amount, tenure and Interest payout mode
7. Select the bank and make the payment
8. Done! Your order has been placed.
It may take up to 3 business days to process your order. Once processed, the bank will directly send the FD receipt to your email ID