Leading investment platform Zerodha has launched a fixed deposit (FD) facility for its customers through its 'Coin' app. Zerodha has partnered with small finance banks like Suryoday, Utkarsh, and Unity to offer this new service. Customers can invest in FDs through this platform without having to pay any additional charges.

Apart from targeting huge commission profits, the company's main goal is to retain customers by providing them with better service. This will make it easy to manage bank deposits and other financial services in one place, on the same app that tracks stocks and mutual funds. Zerodha is trying to attract those who want safe investments and provide all financial services under one roof.

Zerodha Coin was launched in April 2017 as a direct mutual fund platform. Meanwhile, Zerodha's revenue declined by 11.5 percent in the last financial year (FY25). Although total revenue fell to Rs 8,847 crore, the company managed to maintain a healthy profit of Rs 4,237 crore during the period.