Fixed returns for fixed goals
Fixed deposits lock in an interest rate for a set tenure, making them ideal for goals where certainty matters more than growth — like a home down-payment due in two years or regular income in retirement.
Bank vs corporate FDs
- Bank FDs are covered by DICGC deposit insurance up to ₹5 lakh per depositor per bank.
- Corporate FDs from NBFCs and housing finance companies often offer higher rates; their safety depends on the issuer's credit rating.
We only recommend corporate FDs with strong credit ratings, and help you spread deposits across issuers.
Things to know
- Interest is taxed at your income-tax slab rate.
- Premature withdrawal usually attracts a penalty.
- Senior citizens typically receive higher rates.
