All investments through Upstox go directly to the FD providers, and the withdrawals are conveniently credited to the same bank account you used for your initial investment. Upstox acts as a seamless platform for investing in a variety of FDs, without the need of opening a new bank account.
Investing in fixed deposits requires you to complete KYC and share personal details such as your name, mobile number, PAN, email, address, etc., as well as your bank details. This process can be quite cumbersome and lengthy. To make it seamless, we have enabled the direct sharing of all necessary details with partner banks via a secured network, but only when you provide your consent. We utilize the same information that you shared with us while creating your Upstox account.