Google pay recently launched FD service along with Equitas Small Finance Bank and giving 6.35% + interest rate when you book for 1 Year time span. Google pay is only providing the interface to book the FD with Equitas Small Finance Bank. ServiceCentreList.com brings you the step by step guide to get your first FD done with Google pay.

How to Book FD with Google Pay and Earn 6 interest Rate

Google Pay FD interest Rates

Tenure (in days)	Interest Rates (extra 0.50% for senior citizens)
7-29	3.5%
30-45	3.5%
46-90	4%
91-180	4.75%
181-364	5.25%
365	6.35%

How To Open Google Pay FD of Equitas Small Finance Bank?

You can easily open your Google Pay FD in 2 Mins with Google Pay application. Follow the step by step guide and book your first FD on 6.35% rate. Follow the below steps

1. Open Google Pay app.

2. Scroll down a bit to “Businesses & Bills”, and click on “Explore” (to the right).

Businesses & Bills Google Pay

3. Search for “Equitas” and select “Equitas Small Finance Bank”.

4. Now, click on “Open Equitas FD” and Click on “Invest Now”.

5. Verify your Google account (auto-verification), Verify mobile number (should be same as in Aadhar Card), Verify PAN Card and Verify Aadhar Card.

6. Thats it. Enjoy the higher interest.

Google Pay FD FAQs

Who all can open FDs on Google Pay?

All Google Pay users can open FDs on Google Pay app, but current Equitas Small Finance Bank users cannot open FDs on Google Pay (as of 30th Aug 2021).

How much amount can I deposit in Google Pay Fixed Deposit Account?

Currently, Equitas Small Finance Bank allows a min of Rs 5000 and max Rs 90,000 to deposit in a single FD.

Where will my FD maturity amount get deposited?

Your FD’s maturity (principal & interest) amount will be deposited in your bank account (primary) which is linked to Google Pay.

How many GPay Fixed Deposit can I make?

Currently (30th Aug 2021), you can make only 1 Google Pay Equitas Small Finance Bank FD as it is in beta version.

How to close GPay Fixed Deposit?

You can close your Google Pay FD anytime by clicking on “Redeem your FD” from the “My FDs” section on the Google Pay app.

How to Renew GPay FD?

Most probably your Google Pay FD will get auto-renewed, but still check with the bank or Google Pay.

What are the charges to open a GPay FD?

There are no charges (free) to open a Google Pay FD.

What are the eligibility requirements to open a Google Pay Fixed Deposit?

You need to be a Google Pay user and complete user & KYC verification to be eligible for Google Pay Fixed Deposit account.

We Compile Information of Google Pay Fixed Deposit from official Google Pay website and different assets and utilize this data to show it a proficient and accessible way. ServiceCentreList.com can’t be considered in charge of any mistake that may happen in the above information, despite the fact that we generally attempt to keep the information right and refreshed however as there are hundred of organizations, keeping up 100% exactness is beyond the realm of imagination.

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How to Book Fixed Deposit with Google Pay and Earn 6.35% + interest Rate on FD ?