Why can't I use Amazon Pay balance for investing in Mutual Funds or FD? : Kuvera

Why can't I use Amazon Pay balance for investing in Mutual Funds or FD? Print

Modified on: Mon, 4 Jul, 2022 at 5:47 PM

Your Amazon Pay balance can be utilized towards purchase of the various products and services offered on Amazon.

Investments (into Mutual funds, Fixed deposits) are permitted only through a verified bank account in investors' name. You can use Amazon Pay UPI if it is linked to your verified and registered bank account for mutual fund transactions.

In addition to UPI, you can use Net Banking, NEFT/RTGS or an approved One Click Mandate for Mutual Fund purchase transactions through your registered and verified bank account.

For setting up of Fixed Deposits, please use payment modes supported by the FD issuer, preferably Net Banking.

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Why can't I use Amazon Pay balance for investing in Mutual Funds or FD? Print

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