PhonePe's Rs 100 daily RD: How it works; app also adds FD investment option

PhonePe has expanded its offerings by launching fixed deposit (FD) distribution is in partnership with multiple banks and NBFCs. The daily recurring deposit (SIP) is in partnership with Shivalik Small Finance Bank. The new feature on the PhonePe app allows users to open FDs digitally, while the Daily RD lets them start investing with as little as Rs 100 a day through UPI AutoPay.

Multiple FD investment options available on PhonePe app