Apply for Fixed Deposit

Want to skip lengthy form? Just enter your Aadhaar Card number

Completed Profile

0%
Fixed Deposit

Under Fixed Deposit, a fixed amount is deposited for a specific period. In case of withdrawal of the amount before the completion of the tenure, a penalty is usually charged from the fixed deposit account holder. Fixed deposit also known as Term deposit or Time deposit, helps an investor get high rate of return as compared to savings account. Fixed Deposits are considered a safe option as compared to other forms of investment like Stock Market or Post Office schemes. Fixed Deposit term usually ranges between 7 days to 10 years with interest rate going upto 9%.

Features and Benefits

Below are some of the features & benefits of investing iIn Fixed Deposits

  • Fixed Deposits pay a predetermined interest on a fixed amount for a fixed period of time
  • The minimum amount of fixed deposit is usually around Rs.1000 with no limit on maximum amount
  • A Fixed Deposit holder can nominate maximum two people who would be entitled to receive the amount in case of his death
  • The interest earned on Fixed Deposit is taxable according to the income tax bracket of the individual
  • In case of pre-mature withdrawal of Fixed Deposit amount, interest is paid for the tenure of deposit only
  • The rate of interest on FD varies as per the tenure and amount of deposit
  • There are various types of Fixed Deposit like Standard Fixed Deposit, Flexi Fixed Deposit, Tax Saving Fixed Deposit, Senior Citizen Fixed Deposit, etc
How to Apply

Gone are the days when you had to walk up to the bank to open a Fixed Deposit account. Today, you can open a Fixed Deposit online in a jiffy. The new-age banking allows you to invest in Fixed Deposit through internet & mobile banking

Online Method

  1. Login to your Internet Banking
  2. Select the option to create Fixed Deposit
  3. Choose the amount of Fixed Deposit to be debited from your savings account
  4. Enter details such as nominee, payout option, tenure, etc

On successful completion of the above steps, your Fixed Deposit account will be opened instantaneously

To open a Fixed Deposit account via the age-old Offline Method, follow the below steps

  1. Fill up the Application form
  2. Submit the filled up form, signed by you to the nearest bank branch
  3. Submit cheque with the FD amount along with the form & you are sorted!
Eligibility & Documentation

To apply for a fixed deposit, you must fulfill the following conditions.

Nationality: You must be a resident individual or fall into Hindu Undivided Families (HUF) or a Foreign national residing in India. If you are a foreign national, you should obtain an undertaking in form QA 22 stating the sources.

You must submit the following documents for a fixed deposit

  • Identity proof documents
  • Address proof documents
  • Signature Proof
  • Latest photographs
Interest Rates

Fixed deposit interest rates differ for different financial institutions. Usually the interest rates vary from 4% to 9%

  • Get Instant Customised Quotes
  • One Stop Solution for Different Products
  • Single Platform for Multiple Providers
  • Saves Time on Your Research
  • Easy, Quick and Hassle Free

List of Personal Loan providers in India

  • London
  • Leeds
  • Sheffield
  • Liverpool
  • Manchester
  • Birmingham
  • Glasgow
  • Bradford
  • Edinburgh
  • Bristol

Personal Loan by City

  • London
  • Leeds
  • Sheffield
  • Liverpool
  • Manchester
  • Birmingham
  • Glasgow
  • Bradford
  • Edinburgh
  • Bristol

Know more about Personal Loan

  • London
  • Leeds
  • Sheffield
  • Liverpool
  • Manchester
  • Birmingham
  • Glasgow
  • Bradford
  • Edinburgh
  • Bristol