Recurring Deposit (RD)
Save a fixed amount every month and receive it back with interest at maturity, through partner banks.
Investments and Insurance
Deposit a lump sum for a fixed term at a fixed interest rate with partner banks and approved NBFCs.
- Investments and Insurance
- Usually the same day or within a few working days*
About Fixed Deposit (FD)
A fixed deposit lets you place a lump sum for a fixed term, from a few days to several years, at an interest rate fixed on the day you invest. You can take interest monthly, quarterly or at maturity.
We compare FD options from our partner banks and approved NBFCs, explain safety and tax, and help you open the deposit. Rates are set by the bank or company and can change for new deposits.
Bank deposits are covered by deposit insurance up to the limit set by law. Company and NBFC deposits are not, and carry the credit risk of the company.
Who Needs This Service
- Anyone wanting a fixed, predictable return
- Senior citizens, who often get a higher rate
- People parking money for a known future expense
- Retired people wanting monthly interest income
Key Benefits
Fixed rate
The rate is locked in for the term when you invest.
Choice of payout
Interest monthly, quarterly or at maturity.
Flexible tenure
From short terms to several years.
Options compared
We compare rates and safety across partners.
Eligibility and Applicability
- Individuals, joint holders, minors through a guardian, and businesses
- PAN and KYC as required by the bank or company
- A bank account for interest and maturity
Premature withdrawal may be allowed with a penalty, as per the bank's or company's rules.
Documents Commonly Required
KYC
- PAN card
- Aadhaar or other address proof
- Recent photograph
Bank
- Bank account details or cancelled cheque
- Form 15G/15H for TDS exemption, if eligible
Document requirements can vary with the lender, product and your profile. We confirm the exact list before you visit. Never share OTPs or passwords with anyone.
Step-by-Step Process
Amount and term
Decide how much to invest and for how long.
Compare options
We compare rates, safety and payout options.
KYC and form
We help with KYC and the application.
Deposit
You transfer the amount to the bank or company.
Receipt
You receive the FD receipt or advice with all details.
Estimated Timeline and Fees
Estimated timeline
Usually the same day or within a few working days
Depends on KYC verification by the bank or company.
Our service fee
Any fee for our service is told to you in writing before we begin.
Lender / third-party charges
Interest is taxable as per your slab, and TDS may be deducted as per current rules.
* Interest rates are decided by the bank or company and can change for new deposits.
Common Mistakes to Avoid
- Choosing an unrated company FD only for a higher rate
- Forgetting to submit Form 15G/15H when eligible
- Locking all savings in one long-term FD
- Breaking an FD early without checking the penalty
Frequently Asked Questions
Is my FD safe?
Bank FDs are covered by deposit insurance up to the limit set by law. Company and NBFC FDs depend on the company's credit, so check the rating.
Can I withdraw early?
Usually yes, with a penalty on the interest, as per the bank's or company's rules.
Is FD interest taxable?
Yes, as per your income tax slab. TDS may be deducted above the limit set by current rules.
Related Services
You May Also Need
Bonds — Regular Interest Income
Government, PSU and corporate bonds that pay regular interest, bought through registered intermediaries.
Bank Account Opening
Help opening savings, current and zero-balance bank accounts with partner banks, including KYC and business documents.
Talk to Our Team
Have a Question About Fixed Deposit?
Call, WhatsApp or visit our office. We will explain what applies to you, the documents needed and all charges before you decide.
- Callback during office hours
- Written quote before any work begins
- No obligation to proceed
Speak to an expert
Tell us what you need. We will explain the documents, process and fees before you decide.
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