Fixed Deposits Now Available on Coin Platform by Zerodha
Coin has introduced fixed deposit (FD) investments on its platform, aiming to simplify how users manage traditional savings instruments. The move allows investors to compare FD interest rates across multiple banks, invest seamlessly, and track key details such as invested amount, accrued interest, and maturity timelines in one place.
At launch, Coin is offering FDs from three small finance banks — Suryoday Small Finance Bank, Utkarsh Small Finance Bank, and Unity Small Finance Bank — with interest rates of up to 8.0% per annum.
All three banks are regulated by the Reserve Bank of India (RBI), and deposits up to ₹5 lakh are insured under the Deposit Insurance and Credit Guarantee Corporation (DICGC).
The platform offers flexible tenures ranging from 7 days to 60 months. Premature withdrawals are permitted after 7 days, with applicable penalties disclosed upfront.
NSE, IGX to Launch India’s First Domestic Gas Futures Contracts
The National Stock Exchange of India (NSE) and Indian Gas Exchange (IGX) have partnered to introduce India’s first domestically benchmarked natural gas futures contracts, marking a major step in the country’s energy derivatives market.
The contracts will be linked to the Gas IndeX of India (GIXI), a domestic benchmark developed by IGX based on real-time gas prices across six regions.
The launch has received approval from the Securities and Exchange Board of India (SEBI). However, the exchanges have not yet announced a timeline for the rollout.
