Loan Overview

A Fixed Deposit (FD) is a financial investment where money is deposited with a bank or financial institution for a fixed period at a predetermined interest rate. It offers safe and stable returns with minimal risk.

Features & Benefits

Key Features

  • Deposit Type
  • Investment Amount

Additional Benefits

  • Regular FD
  • Tax Saver FD
  • Senior Citizen FD
  • Flexi FD
  • Recurring Deposit-linked
  • Minimum deposit starts from a small amount

Eligibility Criteria

Individuals, senior citizens, minors, joint account holders, companies, and trusts can open fixed deposits, subject to KYC verification.

Interest Rates

Interest rates vary depending on tenure and institution. Senior citizens may receive additional interest benefits. Premature withdrawal may attract penalty charges, and applicable taxes may be deducted on interest earned.

Frequently Asked Questions

Includes common questions about interest rates, premature withdrawal, loan against FD, tax deductions, and maturity payment options.

How to Apply

Choose the deposit amount and tenure, submit KYC documents, fill out the FD application form online or offline, and deposit the funds. The bank issues an FD receipt or certificate after confirmation.