Fibe Strengthening Its Role as a One-Stop Financial Partner
FinTech BizNews Service
Mumbai, 2 June 2025 – Fibe, one of India’s leading digital lending platforms, has forayed into the investment space with the launch of its next-generation Digital Fixed Deposit (FD) offering. Designed with enhanced convenience and accessibility, this product will allow individuals to open fixed deposit account though Fibe’s app. Customers can book an FD from the bank or NBFC of their choosing without the need for having a savings account in the same bank.
Fibe’s newest offering aggregates options from multiple partner banks and NBFCs, allowing financially-savvy individuals to easily compare interest rates and choose an option tailored to their financial goals. It will provide them with high-yield deposit options, with interest rates of up to 9.1% for senior citizens—all via the Fibe app. Besides, the digital FD will offer customizable tenures from one to five years with investments as low as INR 1,000.
This product offering comes after the Fibe’s Millennial Upgrade Index study indicated that 39% millennials aim to achieve long-term goals such as home ownership and entrepreneurship through savings, while 26% prefer to save before making major purchases – signifying that millennials are increasingly prioritizing disciplined saving and long-term planning.
Fixed deposits remain a trusted investment, especially amid market volatility. A Digital FD provides a secure and accessible solution tailored to both short- and long-term financial objectives, demonstrating Fibe’s commitment to empowering the next generation of investors.
This announcement also earmarks company’s first strategic step toward evolving into a comprehensive financial services platform. Its entry into the investment space signifies a pivotal milestone in this journey, with plans to introduce a broader suite of offerings in the coming years.
Akshay Mehrotra, Cofounder & CEO, Fibe said, “The launch of our Digital Fixed Deposit addresses the evolving needs of the tech-savvy generation by modernizing a traditional investment instrument—making it more accessible, flexible, and aligned with contemporary financial goals. This initiative reflects our long-term vision of shaping the financial journeys of individuals during various stages of their life, especially India’s young, digitally connected population.”
To enhance user experience and maximize returns, Fibe’s digital FD comes with a range of smart features:
The platform supports quick digital KYC, requires no existing bank account, and offers added benefits like DICGC-insured deposits up to ₹5 lakhs for 5 years with special tax-saving options under Section 80C.
