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Fixed Deposit
Invest in India's favourite
investment product
Guaranteed returns mean you can plan your future with confidence
Get money as per your needs with flexible interest payout
Enjoy the magic of compounding as interest earned gets reinvested
Senior Citizens and longer tenures get higher interest rates
What is Fixed Deposit
A fixed deposit or FD is an investment product offered by banks and Non-Banking Finance Companies (NBFCs). In FDs, you invest for a set amount of time and get a fixed interest rate... read more
Benefits of Fixed Deposits
Assured Returns
No matter how interest rates move or economy performs, you will get the returns fixed at the time of investing.
Surety at Maturity
At the end of tenure, you get back the amount you put in along with the accumulated interest
Faster Growth with Compound Interest
You earn interest on the interest amount too. This helps you accumulate a big amount with ease
Higher Rates for Senior Citizens
Senior citizens can earn more from their life's savings and move one step closer to no-compromise retired life
Get up to 8.5% returns on FD
3 reasons why you need to include FD in your portfolio
Investing a part of your money in products whose returns are not dependent on markets helps reduce overall risk
You can plan your future spends more confidently as you know how much money will come in and when
Assured returns, and safety of invested amount make sure you can meet these goals with ease.
Our Partner at ET Money
Higher Returns
Get more returns than bank FD; assured returns up to 8.5%
Strong Financials
CRISIL's AAA/Stable & ICRA's AAA/Stable rating
Flexible Payout Option
Choose from a range of interest payout options i.e. Monthly, Quarterly, Half Yearly, Annual or at Maturity
Earn up to 8.5% interest on FD
Calculate the maturity amount and interest earned on your investment using online FD calculator
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Bajaj Finance Ltd.
SBI Bank
ICICI Bank
Axis Bank
HDFC Bank
Bank of Baroda
IDFC Bank
Kotak Mahindra Bank
Canara Bank
Yes Bank
IndusInd Bank
Punjab National Bank
IDBI Bank
Union Bank
Citibank
RBL Bank
Indian Bank
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months error
Great! You're eligible for extra Interest rate
7%
Interest rate may vary
Maturity amount
₹ 1,41,478
Assured extra earnings ₹24,343
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Bajaj Finance Ltd.
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SBI Bank
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ICICI Bank
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Axis Bank
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HDFC Bank
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Bank of Baroda
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IDFC Bank
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Kotak Mahindra Bank
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Canara Bank
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Yes Bank
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IndusInd Bank
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Punjab National Bank
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IDBI Bank
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Union Bank
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Citibank
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RBL Bank
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Indian Bank
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months error
Interest rate
7.0%
Interest rate may vary
You need to invest in total
₹ 8,20,000
Assured extra earnings
₹3 Lakh
You will receive ₹5,000 monthly and ₹8,20,000 on maturity as principal amount
Best FD Interest Rates in India 2024
| Name | Bank / NBFC | Regular FD Rates | Senior Citizen's FD Rates | |
|---|---|---|---|---|
| Bajaj Finance Ltd. (NBFC) |
NBFC | 8.25% | 8.5% | Deposit Now |
| SBI Bank |
Bank | 7.10% | 7.60% | View details |
| ICICI Bank |
Bank | 7.20% | 7.75% | View details |
| Axis Bank |
Bank | 7.20% | 7.85% | View details |
| HDFC Bank |
Bank | 7.20% | 7.75% | View details |
| Bank of Baroda |
Bank | 7.25% | 7.75% | View details |
| IDFC Bank |
Bank | 8.00% | 8.50% | View details |
| Kotak Mahindra Bank |
Bank | 7.40% | 7.90% | View details |
| Canara Bank |
Bank | 7.40% | 7.90% | View details |
| Yes Bank |
Bank | 7.75% | 8.25% | View details |
| IndusInd Bank |
Bank | 7.75% | 8.25% | View details |
| Punjab National Bank |
Bank | 7.25% | 7.75% | View details |
| IDBI Bank |
Bank | 7.00% | 7.50% | View details |
| Union Bank |
Bank | 7.25% | 7.75% | View details |
| Citibank |
Bank | 7.10% | 7.75% | View details |
| RBL Bank |
Bank | 8.00% | 8.50% | View details |
| Indian Bank |
Bank | 7.25% | 7.75% | View details |
How to Invest on ET Money
Fill FD details
Select amount, tenure and interest payout type
Setup investment account
Setup your Investment Account with MONEY by entering few details
Payment
Make payment and your FD is done
Why ET Money
Fast, easy and
paperless
One-tap FD creation once your account is created.
Multiple payments including Netbanking, UPI, NACH, and E-Mandate
Assured 100% security and round-the-clock customer support
Frequently asked questions
NBFCs and Company FDs with high credibility ratings ensure that there are no delays in interest payouts, and your investment remains safe.
As the only Indian NBFC with an international rating of 'BBB' by S&P Global, Bajaj Finance Fixed Deposit is a good choice for investors seeking safe avenues to deposit their capital. It has also been certified with highest stability ratings with CRISIL's AAA/Stable & ICRA's AAA/Stable ratings. So this online FD offered on ET Money is one of the safest investment avenues, where your money remains unaffected by market fluctuations.
- Upto 3 months from date of deposit: Withdrawal is not permitted.
- After 3 months but before 6 months: Interest shall not be payable.
- After 6 months but before the date of maturity: The rate of interest shall be 2% lower than the rate specified for the period during which the scheme has run. In case of no rate being specified for the deposit period, interest rate payable shall be 3% lower than the lowest rate offered by the BFL.
You can invest in Fixed Deposit if you are:
- Resident Indians
- Hindu Undivided Family (HUF)
- Group Companies, Limited Companies, Partnership Firms
- Sole Traders
- Associations, Clubs and Societies
- Family Trusts
- Minors (through their natural or legally appointed guardian)
Minimum amount varies across Banks and NBFCs. It normally ranges from ₹1000 to ₹25,000. There is no upper limit on the maximum amount that can be deposited in Fixed Deposit.
There are two types of Fixed Deposit: Cumulative and Non-cumulative. In Cumulative FD, you get interest payout at maturity along with the principal amount. In Non-cumulative FD, you get interests gains periodically at regular intervals(monthly, quarterly, half-yearly and yearly) and principal amount at maturity.
FD is locked with a specific rate, you will continue to receive that rate till maturity, even if interest rates change later. If you wish to avail the new rate, you need to invest in a new Fixed Deposit.
Yes, interest earned from FD is taxable. TDS is deducted on interest earned if it exceeds by ₹5000 per annum. However, you can submit form 15G/H to the Bank or NBFC to avoid tax deduction.
Yes, you can withdraw money prematurely.
FD is locked with a specific rate, you will continue to receive that rate till maturity, even if interest rates change later. If you wish to avail the new rate, you need to invest in a new Fixed Deposit.
In case of emergencies, instead of breaking Fixed Deposit, you can obtain loan against the deposited amount. The sanctioned amount is usually 60-75% of the fixed deposit amount and is offered at a competitive interest.
Latest Blog Posts
Corporate Fixed Deposit: What Are Corporate FDs? How Different Are They From Bank FDs?
In India, Fixed Deposits have always been the favourite type of investment. From saving for a trip to saving for retirement, they have been the all-purpose solution.
FD Vs Mutual Funds – Where to Invest Your Hard Earned Money
For generations, fixed income instruments like Bank FDs have been the favorite mode of investments for Indians. The concept that ‘my money is safe in the bank’ sounds more satisfying than better returns. But at a time when the post-tax FD returns barely beat inflation, is this assurance enough to convince investors to keep their money lying in the banks?
Benefits Of Adding Fixed Deposits To Your Portfolio
India has always been known as the country of savers. And for generations, risk-averse investors have preferred to put their money in fixed income instruments like fixed deposits that bring assurance of guaranteed returns.