Bank Fixed Deposits
Explore deposits offered by eligible banks with different interest rates, tenures and payout options. Compare the applicable terms before choosing a deposit.
Fixed Deposits
Fixed Deposits That Help You Plan Your Financial Future
Looking for a structured way to save for your future financial goals? Fixed Deposits (FDs) allow you to deposit a lump sum for a predetermined period and earn interest according to the terms offered by the bank or financial institution.
Overview
What Is a Fixed Deposit?
A Fixed Deposit is a savings and investment product offered by banks and certain other financial institutions. You invest a specific amount for a chosen tenure and earn interest at the rate applicable to your deposit.
Depending on the institution and deposit scheme, you may choose to receive interest periodically or accumulate it until maturity.
Fixed Deposits can be useful for people who want to plan for upcoming expenses, build savings for future goals or allocate a portion of their money to a defined investment period.
Plan Types
Explore Your Fixed Deposit Options
Each plan type serves a different purpose. We help you understand which combination suits you.
Corporate Fixed Deposits
Certain companies and financial institutions offer fixed-term deposit products. These may offer different interest rates and conditions compared with bank deposits.
Cumulative Fixed Deposits
With a cumulative deposit, interest is accumulated and paid along with the principal at maturity, according to the scheme's terms. This option may suit investors planning for a future financial goal.
Non-Cumulative Fixed Deposits
Where available, non-cumulative deposits pay interest at specified intervals, such as monthly, quarterly, half-yearly or annually. These may be considered by people looking for periodic interest income.
How It Works
Our fixed deposites process
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Discuss Your Financial Goals
Tell us about your savings objective, approximate investment amount and preferred investment period.
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Explore Available Options
Review eligible Fixed Deposit products and compare their interest rates, tenure, payout options and issuer details..
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Understand the Terms
Check maturity conditions, premature withdrawal rules, applicable charges, taxation and other important disclosures.
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Complete Your Application
Once you have selected a suitable product, follow the relevant institution's application, KYC and payment process.
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Track Your Deposit
Keep your deposit receipt and maturity details accessible, and plan ahead for renewal or withdrawal.
FAQs
Fixed deposits questions
What is a Fixed Deposit?
A Fixed Deposit is a financial product in which you deposit money for a specified period and earn interest according to the scheme's terms.
Are Fixed Deposit returns guaranteed?
The applicable interest rate is generally fixed for the agreed tenure, subject to the product's terms. However, repayment depends on the issuer meeting its obligations. Review the issuer and product details before investing.
Can I withdraw my Fixed Deposit before maturity?
This depends on the deposit provider and scheme. Premature withdrawal may be restricted or may result in penalties or reduced interest.
How is Fixed Deposit interest paid?
Depending on the scheme, interest may be paid periodically or accumulated until maturity.
Are Fixed Deposits taxable?
Interest income is generally taxable according to applicable income-tax rules. TDS may apply depending on the prevailing provisions and your circumstances.
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