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American tech giant Google has recently partnered with fintech startup Setu to let users open fixed deposits (FDs) through the digital wallet platform Google Pay.

Currently, the Google Pay Fixed Deposit service by Equitas Small Finance Bank is in its beta stage so may roll out more features soon. Moreover, Ujjivan Small Finance Bank and AU Small Finance bank are expected to join Equitas in this FD program.

How to Open FD in GPay:

1. Open Google Pay app or Download App
2. Scroll down a bit to “Businesses & Bills”, and click on “Explore” (to the right).
3. Search for “Equitas” and select “Equitas Small Finance Bank”.
4. Now, click on “Open Equitas FD”.
5. Click on “Invest Now”.
6. Verify your Google account (auto-verification)
7. Verify mobile number (should be same as in Aadhar Card)
8. Verify PAN Card.
9. Verify Aadhar Card.
10. That’s it! Start making your desired FDs.

Google Pay FD Interest Rates 

Senior Citizen will get 0.5% Extra

Google Pay Fixed Deposit Interest Rates For Senior Citizen