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What is a Fixed Deposit?

Fixed Deposit

About Fixed Deposit

What is a Fixed Deposit?

Fixed deposit (FD) is one of the safest investment options through which people can earn relatively higher interest in comparison to a regular savings account. Interest is accumulated on the deposited amount over a fixed period of time. The interest rate depends on the type of lenders (public sector, private sector, or small finance banks). Senior citizens are usually offered higher interest rates. In the case of an emergency, you can easily liquidate your FD and get the funds.

The tenures in fixed deposit schemes are flexible. Investors can choose the tenure according to their convenience.

Once the amount has been deposited

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Latest Updates on Fixed Deposit

Axis Bank customers can now open an FD through UPI from non-Axis accounts

Axis Bank customers can open Fixed Deposits (FDs) with its mobile application, using funds from their non-Axis Bank accounts via UPI and Net Banking payment options.

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Updated On : 11 Feb 2025 | 4:27 PM IST

Earn 8% or more: Lock in your FDs before banks start cutting interest rates

With banks likely to adjust their rates downward, fixed deposit returns could shrink in the coming months

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Updated On : 07 Feb 2025 | 4:15 PM IST

Fixed deposit rates may fall after RBI cut - what investors can do now

With interest rates likely to decline further, FD investors may need to rethink their approach

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Updated On : 07 Feb 2025 | 11:23 AM IST

Shivalik Small Finance Bank offers 9.30% interest to senior citizens on FD

Lender offers interest rate of 8.80% on fixed deposits for general citizens and 9.30% on FDs for senior citizens on select tenures

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Updated On : 29 Jan 2025 | 10:57 AM IST

Axis Bank increases interest rates for fixed deposits, offers up to 7.75%

Lender offers 3.5% to 7.75% for senior citizens for tenures ranging seven days to 10 years for amounts less than Rs 3 crore

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Updated On : 28 Jan 2025 | 11:29 AM IST

Top FD rates in 22 private & public banks for short, long-term investments

Among private sector banks, DCB Bank offers the highest interest rate of 8.05% for fixed deposits with a tenure of 19 to 20 months

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Updated On : 24 Jan 2025 | 4:30 PM IST

Fixed deposits: Budget 2025 tax incentives may impact interest rates

Fixed deposits (FDs) remain one of the most popular investment options for Indians

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Updated On : 16 Jan 2025 | 4:48 PM IST

Budget 2025: Experts urge govt to rethink FD tax rules for investors

Many investors are contemplating whether to prioritise safer investment options like fixed deposits (FDs)

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Updated On : 15 Jan 2025 | 5:23 PM IST

IDBI Bank unveils Chiranjeevi Super Senior Citizen FD, offers 8.5% interest

This scheme offers an additional 65 basis points (bps) over the bank's standard fixed deposit rates and 15 basis points (bps) over the senior citizen rates

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Updated On : 13 Jan 2025 | 6:14 PM IST

HDFC Bank hikes fixed deposit rates to 7.9% from 7.75%

The bank offers fixed deposits (FDs) with tenures ranging from 7 days to 10 years, featuring annual interest rates between 3 per cent and 7.90 per cent

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Updated On : 09 Jan 2025 | 12:05 PM IST

Top FD rates in January, 2025: 10 banks offering 8% or more interest

Among the options, Unity Small Finance Bank and North East Small Finance Bank provide the highest rates, offering up to 9% for select tenures

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Updated On : 09 Jan 2025 | 10:28 AM IST

IDBI Bank updates FD rates, extends Utsav FD special offers till March

The existing special tenures under the Utsav FD scheme have been extended until March 31, allowing customers more time to invest in these high-yielding FDs

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Updated On : 06 Jan 2025 | 3:58 PM IST

Important deadlines that you should know about before December 31

Several key financial deadlines are nearing on December 31. These include filing belated Income Tax Returns (ITR) by the due date and the closure of special fixed deposit schemes by various banks

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Updated On : 30 Dec 2024 | 7:00 PM IST

FDs vs equities: How rolling returns debunk short-term performance myths

Many investors resist rolling return analysis, preferring specific-date comparisons, which are often skewed to favour certain narratives

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Updated On : 29 Dec 2024 | 10:16 PM IST

Special FD rates: These banks offer up to 8.10% interest till Dec 31

These schemes come with competitive rates for various tenures, for both general customers and senior citizens

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Updated On : 19 Dec 2024 | 5:42 PM IST

RBL Bank increases fixed deposit interest rates, offers up to 8.5 %

Revised rates range from 3.50% to 8% for general citizens; senior citizens will receive returns of 8.50%

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Updated On : 17 Dec 2024 | 10:53 AM IST

Karnataka Bank increases fixed deposit interest offering up to 7.5 %

Lender offers 3.50% rate to general citizens on deposits with tenures ranging from seven to 45 days

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Updated On : 05 Dec 2024 | 12:44 PM IST

Bank fixed deposit interest rates revised: You must lock in FDs now

In the event that the RBI decides to lower interest rates in December, this could be an opportune time for investors to lock in higher returns on fixed deposits

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Updated On : 22 Nov 2024 | 10:05 AM IST

Equity returns outclass gold, FD, property in the long term: Morgan Stanley

Indian households, Desai wrote, are still under-invested in equities. At cost, only 3 per cent of the household balance sheet is in equities, excluding equity holdings of founders.

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Updated On : 13 Nov 2024 | 10:03 AM IST

YES Bank offers up to 8.25% interest rate on fixed deposits below Rs 3 cr

The highest interest rate of 7.75% and 8.25% is for a tenure of 18 months

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Updated On : 06 Nov 2024 | 6:03 PM IST