Zerodha's Coin to Launch Fixed Deposits, Rainmatter to Invest in Blostem

Zerodha, a company that helps people invest, is starting a new product on its Coin app.

This new product will let people put their money into fixed deposits, which are like a safe way to save money for a long time and earn some interest.

This is different from their other app, Kite, which is for people who buy and sell stocks often.

The Coin app is for people who want to invest for the future and not worry about it.

They are working with a startup called Blostem to offer these fixed deposits.

Zerodha's investment group, Rainmatter, is also thinking about investing more money into Blostem.

The whole process will be done online, making it easy and simple for everyone.