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Fixed Deposits
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Fixed Deposits For Your Portfolio
Regular Deposit Cumulative Option *ROI(p.a.)| Company Name | HDFC Limited | HDFC Limited (Green & Sustainable Deposit) |
|---|---|---|
| Credit rating | CRISIL - FAAA & ICRA - MAAA | CRISIL - FAAA & ICRA - MAAA |
| 33 M | 6.85% | 6.75% |
| 66 M | 6.95% | 6.85% |
| 77 M | 6.95% | 6.85% |
| 99 M | 7.05% | 6.95% |
| Additional for Senior citizen | +0.25% | +0.25% |
| W.e.f | 27th Jun 2022 | 27th Jun 2022 |
| For more details | Click Here | Click Here |
Better Than Your Bank's Saving Account
Earn More Interest For Your Money
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Flexible and Accessible
Same level of liquidity as a savings account and accessible from anywhere.
Safe and Secure
These financial products are only from SEBI-registered entities.
Added Benefits
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Choose and compare from over 500 Fixed Deposit and invest as low as ₹ 500. Get better returns and save for future needs with investments managed by highly qualified finance professionals
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Earn better returns than keeping your money in a savings account
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Withdrawals post just 7 days are free from all penalties
Fixed Deposit
Said to be one of India’s favorite investment instruments, fixed deposits have been in people’s investment portfolios for several generations. If you know all you need to know about fixed deposits, you would know why they are loved by millions. Guaranteed returns, easy loans, and great security - there are more reasons to love fixed deposits.
In this article, we are going to dive deep into what fixed deposits are, how they work, how they can benefit you, what are their advantages and disadvantages, and how you can get the best returns out of them.
What Is a Fixed Deposit?
A fixed deposit, also known as FD, is an investment instrument offered by banks and non-banking financial companies (NBFCs). Considered to be one of the safest investment options, FDs are loved by many Indians. When you open an FD account, you can invest a sizeable amount of money at a predetermined rate of interest for a fixed period. At the end of the FD period, you will receive the lumpsum amount, along with interest.
Banks offer different rates of interest for an FD account. The interest rate depends on the type of banks (public sector, private sector, or small finance banks). Generally, senior citizens are offered higher interest rates. The interest you earn on your FD is either paid at maturity or on a periodic basis depending on your choice. However, you cannot withdraw the money before maturity and if you wish to withdraw your money, you would have to pay the penalty to do so.
Fixed deposits’ period ranges from a minimum of 7-14 days to a maximum of 10 years. This is why an FD is sometimes called a term deposit.