Zerodha invests in Blostem to enhance banking infrastructure for fixed deposits, promoting user accessibility and modernizing the savings landscape in India.

Target Overview

Blostem is a fintech company focused on streamlining the process of banking for individuals, specifically in the realm of fixed deposits (FDs) and recurring deposits (RDs). The company's objective is to simplify the onboarding and booking experience for consumers looking to open FDs with banks where they may not already hold an account. By tackling the inefficiencies in the existing banking infrastructure, Blostem aims to provide a seamless and user-friendly solution.

As of March 31, 2025, approximately ₹131 lakh crores are held in fixed deposits across Indian banks, with about ₹66 lakh crores belonging to individual savers. Despite the growth in equity markets, many individuals still prefer the safety and familiarity of FDs, indicating a strong foundation for Blostem's services.

Industry Overview

The fixed deposit landscape in India has shown resilient growth, particularly due to the inherent safety offered by deposit insurance, which safeguards up to ₹5 lakh per depositor per ba