Not everyone wants to chase the stock market. Some people just want to park their money, leave it alone, and know that it’ll grow — quietly and safely. That’s what a fixed deposit does.
With an FD, you put in a lump sum amount for a fixed time — 6 months, 1 year, 5 years, whatever works for you. In return, the bank promises to pay you interest. No drama. No “up or down.” You know exactly what you’ll get back and when.
Common Types of FDs
- Regular FD: You put in money once and get interest on it. Simple.
- Tax-Saving FD: Comes with a 5-year lock-in and gives you tax benefits under 80C.
- Senior Citizen FD: Higher interest rates if you're 60 or older. Many retirees prefer this.
- Recurring Deposit (RD): Like an FD, but instead of a lump sum, you deposit monthly. Useful for people who want to build savings slowly.
What Makes FDs So Popular?
- Safety: Your money isn’t linked to the stock market. It’s steady.
- Fixed returns: Once the interest rate is set, it won’t change during your term.
- Flexible durations: From 7 days to 10 years — choose what fits your plan.
- Emergency access: You can withdraw early if you really need to. There might be a small penalty, but it’s possible.
- Extra benefits for seniors: Slightly higher interest rates — every bit counts.
Honestly, fixed deposits aren’t exciting — and that’s exactly the point. They give you certainty. They’re quiet, reliable, and always do what they say.
If that’s what you’re looking for, talk to us. We’ll help you pick the right FD, figure out the tenure, and get started in just a few steps.