MobiKwik Launches New-Age Fixed Deposits with Up to 9.5% Interest

MobiKwik Enters the Fixed Deposit Market

MobiKwik has officially launched its fixed deposit product, offering users interest rates of up to 9.5% per annum from multiple bank partners. The product is built entirely on Blostem's banking infrastructure platform.

The launch was covered by Business Standard, MobiKwik's official blog, and other publications, highlighting the growing trend of fintech platforms offering banking products through infrastructure partners.

Product Highlights

MobiKwik's FD offering includes:

• Rates up to 9.5% p.a. from select bank and NBFC partners
• Low minimum deposit making FDs accessible to a broader user base
• Multiple tenure options from short-term to long-term
• Fully digital process from KYC to FD booking to maturity

Powered by Blostem

Behind MobiKwik's sleek FD interface lies Blostem's banking infrastructure — handling the multi-bank integrations, regulatory compliance, and end-to-end FD lifecycle management. This partnership demonstrates the power of the infrastructure model: MobiKwik focuses on the user experience while Blostem handles the banking complexity.

Market Significance

MobiKwik's FD launch represents one of the first major implementations of Blostem's platform at scale. With MobiKwik's large user base, this launch validates both the technical reliability and business viability of Blostem's infrastructure-as-a-service model for banking products.