FD with bank

Fixed Deposit (FD) with Banks: Secure Your Future with High Returns

A Fixed Deposit (FD) is one of the most reliable and safest investment options, offering guaranteed returns. With attractive interest rates and flexible tenure options, FDs allow you to save and grow your money without the risk associated with market-linked investments. Open an FD with us today and watch your savings grow steadily.

Why Choose Fixed Deposit (FD) with Us?

1. High-Interest Rates: Enjoy competitive interest rates on your FD, ensuring your money grows at a faster pace.
2. Safety and Security: Your principal amount is safe and protected, making FDs an ideal choice for risk-averse investors.
3. Flexible Tenure Options: Choose a tenure that suits your financial goals, ranging from a few months to several years.
4. Tax Saving Option: Invest in a Tax-Saving FD with a 5-year lock-in period and enjoy tax benefits under Section 80C of the Income Tax Act.
5. Loan Against FD: Need quick funds? You can take a loan against your FD without breaking it.
6. Auto-Renewal: Set up auto-renewal for your FD to continue enjoying high returns without any interruption.

Features & Benefits of Fixed Deposit with Us

• Guaranteed Returns: Fixed interest rates throughout the tenure of your FD.
• Multiple Deposit Schemes: Choose from regular FDs, Tax-Saving FDs, Senior Citizen FDs, and more.
• Premature Withdrawal: Access your funds in case of an emergency, subject to a penalty.
• Nomination Facility: Secure your family’s financial future by nominating a beneficiary.
• Online Access: Open, manage, and track your FD easily through mobile or internet banking.
• Interest Payment Options: Choose monthly, quarterly, or yearly interest payouts as per your convenience.
• Renewal Facility: Automatically renew your FD upon maturity, ensuring uninterrupted returns.

Eligibility Criteria for Opening a Fixed Deposit

• Age: Available for individuals, including minors (with a guardian).
• Nationality: Indian residents and non-residents can apply.
• Documents Required:
  • Identity Proof: PAN Card, Aadhaar Card, Passport, etc.
  • Address Proof: Utility bills, Aadhaar Card, Voter ID, etc.
  • KYC Documentation: For individual and joint accounts, submit standard KYC documents.

How to Open a Fixed Deposit

Online Process:

1. Login to Internet Banking: Visit our website and log in to your banking portal.
2. Choose Fixed Deposit: Select the FD option and choose the amount and tenure.
3. Fill in Details: Enter your personal and nominee details.
4. Make Payment: Transfer the FD amount through online payment.
5. Confirmation: Once processed, you will receive a confirmation and FD receipt.

Offline Process:

1. Visit the Nearest Branch: Go to your nearest branch to open an FD.
2. Fill in the FD Form: Complete the application form and provide necessary documents.
3. Deposit Amount: Submit the amount for the FD.
4. Receive FD Receipt: You will be given an FD receipt with all the details.

Interest Rates on Fixed Deposits

Our FD interest rates are designed to provide you with the best returns. The rates vary based on the tenure and the type of FD chosen. Senior citizens typically receive higher interest rates. You can calculate your FD interest using our online FD calculator for a quick estimate of your returns.

Taxation on Fixed Deposits

• Interest Taxation: The interest earned on Fixed Deposits is taxable under Section 80C and is subject to TDS (Tax Deducted at Source). However, interest income is taxable based on your income tax slab.
• Tax-Saving FDs: These FDs come with a lock-in period of 5 years and provide tax benefits under Section 80C.

Fixed Deposit Loan Against FD

In times of financial emergencies, you can avail a loan against your FD without breaking it. The loan amount is typically a percentage of your FD value, and the interest rate on the loan is usually lower compared to unsecured loans.

FDs for Senior Citizens

We offer special Fixed Deposit schemes for senior citizens with higher interest rates, making it an ideal choice for your retirement savings.

Frequently Asked Questions (FAQs)

1. What is the minimum deposit amount for an FD? The minimum deposit amount for opening an FD is typically 1,000, but it may vary depending on the bank and the type of FD.
2. Can I break my FD before the maturity date? Yes, you can break your FD prematurely; however, a penalty may apply, and you will receive a reduced interest rate.
3. Can I add a nominee to my FD? Yes, you can add a nominee when opening the FD, ensuring the funds are transferred to your nominee in case of an unfortunate event.
4. What is the FD interest payout frequency? You can choose to receive your interest monthly, quarterly, half-yearly, or yearly, depending on your needs.

Contact Us

If you have any queries or need assistance with your Fixed Deposit, our support team is available to help. Contact us via phone, email, or visit our nearest branch.