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The Economic Times

Science & Environment / The Economic Times

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

With its latest feature, PhonePe now allows users to easily invest in daily recurring deposits via its user-friendly app. Starting investments is as easy as contributing Rs 100 daily through UPI AutoPay. Additionally, the app simplifies the digital handling of fixed deposits, which are secured up to Rs 5 lakh under the DICGC scheme. Best of all, users can withdraw their funds whenever they choose.

6 Aug 2026 4:49 pm