Zerodha Expands Coin Platform with Fixed Deposit Offering through Blostem
Zerodha announces Fixed Deposits on its Coin platform, powered by Blostem's multi-bank FD infrastructure, bringing digital FDs to millions of users.
Zerodha Brings Fixed Deposits to Coin via Blostem
In a landmark partnership, Zerodha has announced the launch of Fixed Deposits on its Coin platform, powered entirely by Blostem's multi-bank FD infrastructure. This brings digital fixed deposit investing to millions of Zerodha users for the first time.
The partnership was widely covered across major financial media outlets including Moneycontrol, NewsBytes, and Business Upturn, reflecting the significance of India's largest stockbroker entering the fixed deposit distribution space.
What This Means for Investors
Zerodha's Coin platform, primarily known for mutual fund investments, will now offer users access to fixed deposits from multiple bank partners — all through a single, seamless interface powered by Blostem's APIs.
Key benefits for Coin users:
- Multi-bank access: Compare and invest in FDs from multiple banks in one place
- Digital-first experience: End-to-end digital FD booking without visiting a bank branch
- Competitive rates: Access to high-yield FD options from Blostem's bank partner network
- Seamless integration: FDs sit alongside mutual funds in the familiar Coin interface
The Infrastructure Behind the Product
Blostem's role as the infrastructure partner means handling the complex backend: bank integrations, KYC orchestration, FD booking workflows, maturity servicing, and regulatory compliance — all abstracted behind clean APIs that Zerodha's engineering team can integrate with ease.
Industry Impact
This partnership validates the B2B infrastructure model for banking product distribution. When India's largest broker chooses to partner rather than build, it signals that the era of dedicated banking infrastructure providers has arrived.