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    Fixed Deposits

    Fixed Deposit, also called Term Deposit is an investment where the interest rate is guaranteed not to change for the nominated term, so you know exactly what your investment is worth. This is one of the most preferable and popular deposit schemes in the country. For tenures between 1 and 10 years, fixed deposits in banks currently fetch interest rates ranging from 5.50 to 6.50 percent. Meanwhile, company Fixed Deposit is the deposit placed by investors with companies for a fixed term carrying a prescribed rate of interest. Fixed deposits are popular because of the safe and secure nature of the investment. The principal amount is invested at a fixed interest rate and interest gain on the deposits accrues and grows over time when one invests in an FD. From as low as 7 days up to 10 years, FDs offer a wide range of tenures. Bank FDs come with some limitations such as premature withdrawals are not usually allowed or come with a penalty. Interest on a Term Deposit is payable to the depositor quarterly from the date of issue or at maturity along with principal. TDS is applicable as per Income Tax Rules. Form 15G/15H can be submitted by the depositor for exemption from tax deduction as per IT Rules. More

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    • Best FD Rates: Top banks offering up to 6.65% interest on 3-year deposits

      IndusInd Bank offers 6.65% interest on 3-year FDs, followed by Axis and ICICI Bank at 6.6%.

    • Locking FDs during high inflation: What actually makes sense

      Use an FD ladder to keep safety while leaving room to reinvest if rates rise, and weigh real returns against inflation.

    • How bank mergers affect fixed deposit and recurring deposit customers

      Know what changes for your interest rates, renewals, penalties, and account details when your bank merges.

    • Make idle cash work harder for you with sweep-in FDs

      Earn FD rates on idle balances while keeping your money a tap away.

    • High-yield FDs for senior citizens: Top banks offering up to 7.5% interest rate

      Top banks offer high fixed deposit rates for senior citizens, with rates up to 7.5 percent. IndusInd Bank, Axis Bank, HDFC Bank, and others provide attractive options for deposits up to Rs 3 crore.

    • Best 3-Year FD rates: Public and private sector banks compared

      IndusInd Bank offers the highest 3-year FD rate at 6.65 percent, while SBI and other banks offer rates between 6.25-6.6 percent, with returns calculated for a Rs 1 lakh investment.

    • Best rates on Fixed Deposits: These are the top private and PSU lenders offering the most-attractive rates on FDs

      Top banks offering high interest rates on one-year fixed deposits include IndusInd Bank at 7 percent, while Kotak Mahindra Bank and Bank of Baroda offer a rate of 6.60 percent per annum, based on data from BankBazaar.

    • NRE fixed deposits: Top banks offering best interest rates for NRIs

      Top banks offering highest NRE fixed deposit interest rates include IndusInd Bank at 6.75 percent, and HDFC Bank, ICICI Bank, Axis Bank and SBI at 6.6 percent for one-year tenure, providing secure investment options.

    • Dream11 parent forays into wealth tech after gaming ban, pilots new FD and gold investment app

      Dream Money enables people to buy gold or set up a SIP on a daily or monthly basis, starting from Rs 10. It also offers fixed deposit investments from Rs 1,000.

    • High-yield fixed deposits: Small finance banks are offering attractive interest rates on 3-year FDs

      Small Finance Banks offer higher interest rates on fixed deposits compared to traditional banks. Suryoday Small Finance Bank tops the list at 7.75 percent

    • Interest rates on FDs: Top banks offering highest returns on one-year fixed deposits

      Top banks offer a wide range of interest rates on one-year FDs, with the highest from IndusInd Bank at 7%, Axis Bank at 6.60%, followed by varying rates for investors.

    • NRE FD interest rates: Top banks offering highest returns for non-resident Indians

      NRE fixed deposits offer tax-free returns and full repatriation, with top banks like Punjab National Bank (6.8%) and IndusInd Bank (6.75%) offering competitive interest rates for NRIs.

    • FD rates: Here's a list of banks offering best returns on three-year deposit

      IndusInd Bank offers the highest interest rate among private banks at 6.75%, while Canara Bank tops public sector banks with 6.5%

    • FD rates: Highest interest rates on 1-year fixed deposits from private and public sector banks

      Banks offering the highest interest rates on 1-year fixed deposits include IndusInd Bank at 7% and Punjab National Bank at 6.8%, with varying returns on Rs 1 lakh investment.

    • Fixed Deposit rates: Here's a list of 10 banks offering best returns on 5-year FDs

      IndusInd Bank tops private banks with a 6.75% interest rate on five-year FDs, while Canara Bank leads public sector banks with 6.5%

    • Senior Citizen FDs: Here are the banks that offer up to 8.5% interest for 3 years

      Utkarsh Small Finance Bank and Jana Small Finance Bank top the list of banks that offer interest rates of 7.25-8.5 percent to elderly depositors.

    • FD rates: Here are banks that offer up to 8.4% interest for 3-year tenure

      RBI's 100 bps repo rate cut has led banks to lower FD interest rates. Here are 15 banks offering the highest returns on fixed deposits, with Suryoday Small Finance Bank topping the list.

    • RBI repo rate cut: Depositors need to brace for lower FD rates, rethink savings strategy

      The RBI's 50 basis-point repo rate cut to 5.5% may lead to lower fixed deposit rates, prompting depositors to adopt strategies like laddering and consider alternatives for better returns.

    • Union Bank of India offers a health insurance policy with its FD: Should you go for it?

      The Union Wellness Deposit scheme combines a 6.75% interest rate FD with a complimentary Rs 5-lakh super top-up health insurance cover for deposits of over Rs 10 lakh.

    • Banks offering up to 7.75% interest on 3-year fixed deposits post RBI repo rate cut

      Banks have cut fixed deposit interest rates following the RBI’s repo rate reduction, but some still offer attractive three-year FD rates of up to 7.75 percent for the general public and 8.25 percent for senior citizens.

    • SBI introduces Patrons fixed deposit scheme for super senior citizens: Should you invest?

      SBI's Patrons Fixed Deposit Scheme offers super senior citizens (80+) an additional 10 basis points interest, but its rates are relatively low compared to other SBI schemes and bank FDs for some tenure FDs.

    • Should you invest in special, short-term FD schemes rolled out by SBI, Bank of Baroda and others?

      These schemes offer higher interest rates, benefiting conservative investors and senior citizens. They help banks manage liquidity and asset-liability mismatches.

    • Private banks that offer up to 8.05% interest on 3-year fixed deposits for senior citizens

      Senior Citizen FD Interest Rates: Experts recommend that conservative senior citizens can secure a stable income stream by investing in FDs for a longer tenure to fetch a higher rate of interest. A delay may lead to a potential decrease in the rate, they warn.

    • Safety and high returns: Here are the banks that offer up to 7.55% interest on 3-year fixed deposits

      FD Interest Rates: Experts say that risk-averse investors should lock in high fixed deposit rates now, as they're expected to decline in the coming months.

    • Last date to invest in SBI's special FD is September 30: Should you hurry to invest now?

      The deadline to invest in special FD schemes of SBI, IDBI and Indian Bank ends on September 30. These FDs are popular with risk-averse investors and senior citizens because of their higher interest rates.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347