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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

You know at the time of investing what interest rate you will get and how much money you will receive at the time of maturity. You also get an option of selecting regular payout of interest. read less

Benefits of Fixed Deposits

  • Higher returns

    Assured Returns

    No matter how interest rates move or economy performs, you will get the returns fixed at the time of investing.

  • Safe investment

    Surety at Maturity

    At the end of tenure, you get back the amount you put in along with the accumulated interest

  • Flexible payout options

    Faster Growth with Compound Interest

    You earn interest on the interest amount too. This helps you accumulate a big amount with ease

  • Higher returns for senior citizens

    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

FD calculator

Get up to 8.6% returns on FD


3 reasons why you need to include FD in your portfolio

Our Partner at ET Money

Bajaj Finserv
  • Higher Returns

    Get more returns than bank FD; assured returns up to 8.6%

  • 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 8.6% interest on FD

Calculate the maturity amount and interest earned on your investment using online FD calculator

Best FD Interest Rates in India 2023

NameBank / NBFCRegular FD RatesSenior Citizen's FD Rates
Bajaj Finance Ltd.Bajaj Finance Ltd. (NBFC) NBFC 8.35% 8.6% Deposit Now
SBI BankSBI Bank Bank 5.4% 6.2% View details
ICICI BankICICI Bank Bank 5.5% 6.3% View details
Axis BankAxis Bank Bank 5.5% 6.05% View details
HDFC BankHDFC Bank Bank 5.5% 6.25% View details
Bank of BarodaBank of Baroda Bank 5.3% 6.3% View details
IDFC BankIDFC Bank Bank 5.75% 6.25% View details
Kotak Mahindra BankKotak Mahindra Bank Bank 5.1% 5.6% View details
Canara BankCanara Bank Bank 5.35% 5.85% View details
Yes BankYes Bank Bank 7.0% 7.75% View details
IndusInd BankIndusInd Bank Bank 7.0% 7.5% View details
Punjab National BankPunjab National Bank Bank 5.25% 6.0% View details
IDBI BankIDBI Bank Bank 5.1% 5.6% View details
Union BankUnion Bank Bank 5.4% 5.9% View details
CitibankCitibank Bank 3.75% 4.25% View details
RBL BankRBL Bank Bank 6.75% 7.25% View details
Indian BankIndian Bank Bank 5.15% 5.65% 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 & paperless

Fast, easy and

Complete assistance

One-tap FD creation once your account is created.


Multiple payments including Netbanking, UPI, NACH, and E-Mandate

Complete assistance

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.

There is a fixed lock-in period of 3 months, when investing in Bajaj Finance Ltd. FD on ET Money. While you can withdraw money anytime from your FD on ET Money, there is a penalty of minimum 2.0% if you withdraw money before maturity.

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. You can either close the FD or partially withdraw the money from it.

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 70-90% of the fixed deposit amount and is offered at a competitive interest.