A Fixed Deposit (FD) is a traditional yet highly reliable investment product offered by banks and non-banking financial companies (NBFCs), where an individual can deposit a lump sum amount for a specific tenure at a predetermined interest rate. The amount earns interest over the tenure and can be withdrawn on maturity. FDs are ideal for risk-averse individuals looking to preserve capital while earning a stable return. Financial institutions also offer cumulative and non-cumulative options, allowing you to choose whether to receive periodic interest payouts or reinvest the interest for compounding.
The interest rate is fixed at the time of deposit, ensuring predictable earnings unaffected by market volatility.
Choose a term ranging from 7 days to 10 years depending on your financial goals.
Higher interest rates (usually 0.25% to 0.75% more) are offered for senior citizens.
Avail of loans or overdrafts against your FD without breaking it.
Offers a 5-year lock-in with tax benefits under Section 80C (up to ₹1.5 lakh deduction).
Protected under DICGC insurance up to ₹5 lakh per depositor per bank.
Capital Safety: Provides guaranteed returns with minimal risk, ideal for conservative investors.|Assured Returns: Interest rates are fixed, so you know exactly how much you will earn.|Flexible Tenure: Choose from short- to long-term deposits as per your needs.|Loan Facility: Avail of loans against your FD in times of financial need without breaking it.|Tax Saver Option: 5-year tax-saving FDs offer deductions under Section 80C of the Income Tax Act.
Our commitment to quality, including the results of our internal, governance and the standards that expect all of our member firms to follow.
Our Leadership TeamNo matching team members found based on product expertise.