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    We found 112 Certificate of Deposit
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.6% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.72% - 8.65% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 20 Years
    5% - 7.75% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.25% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7.05% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    15 Days to 20 Years
    5.75% - 7.25% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.5% - 6.8% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.5% - 6.75% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year onwards
    6.25% - 6.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.30% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.80% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
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  • Certificate of Deposit is Rated as "Excellent!" by 1924 Users

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    Fixed Deposit BYTES FROM OUR KITCHEN

    Certificate of Deposit

    India introduced Certificates of Deposit (CDs) in 1989 to increase the range of money market instruments in the country and thereby give investors greater flexibility in terms of utilization of their short-term funds.

    What is a Certificate of Deposit?

    A Certificate of Deposit (CD) is a money market instrument which is issued in a dematerialised form against funds deposited in a bank for a specific period. The Reserve Bank of India (RBI) issues guidelines for Certificate of Deposit from time to time.

    Eligibility for Certificate of Deposit:

    Certificates of Deposit are issued by scheduled commercial banks and select financial institutions in India as allowed by RBI within a limit. Certificates of Deposits are issued to individuals, companies, corporations and funds among others. Certificates of Deposits can also be issued to Non-Resident Indians but on a non-repatriable basis only. It is important to note that banks and financial institutions cannot provide loans against Certificates of Deposits. Also, banks cannot buy their own Certificates of Deposits prior to the latter’s maturity. However, the aforementioned norms may be relaxed by the RBI for a specific period of time. It is important to note that banks have to maintain the statutory liquidity ratio (SLR) and cash reserve ratio (CRR) on the price of a Certificate of Deposit.

    Format of Certificates of Deposit

    Banks and financial institutions should issue a Certificate of Deposit in a dematerialised form only. However, investors can seek a certificate in physical form as well as per Depositories Act, 1996. In case an investor seeks a certificate in a physical form, a bank informs the Financial Markets Department, Reserve Bank of India, Mumbai. Also, a Certificate of Deposit entails stamp duty charges as well. Given that Certificates of Deposits are transferable in a physical form, banks should ensure that they are issued on good quality paper. A Certificate of Deposit has to be signed by two or more signatories (authorized).

    Minimum size and maturity of a Certificate of Deposit

    A certificate of deposit can only be issued for a minimum of Rs.1 lakh by a single issuer and in multiples of Rs.1 lakh. The maturity of a certificate of deposit depends on the investor. For instance, for a certificate of deposit issued by banks, the maturity period is not less than 7 days and not above one year while for financial institutions, a certificate of deposit should not be issued for less than 1 year and not above three years.

    Transferability

    A certificate of deposit which is not held in an electronic form can be transferred by endorsement and delivery. However, a certificate of deposit held in a demat form is transferred according to guidelines followed by demat securities.

    Discount

    A certificate of deposit can be issued at a discount on its face value. Furthermore, banks and financial institutions can issue certificates of deposits on a floating rate basis. However, the method of calculating the floating rate should be market-based.

    Reporting

    Banks’ fortnightly return should include certificates of deposits as per Section 42 of the RBI Act, 1934. Furthermore, banks and financial institutions should also report about certificates of deposits under the Online Returns Filing System (ORFS). 

    Certificate of Deposit Reviews

    • HDFC Bank Fixed Deposit
      "Good overall"
      0.5 5.0/5 "Blown Away!"
      I have a fixed deposit account with HDFC Bank and the banking process is good. I could open this account online and the account has been beneficial too. I can also close this account without having to go in person to the bank. It can be done online too.
      Was this review helpful? 1
      , chennai
      Reviewed on Sep 15, 2018
    • SBI Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      I have opened a Fixed Deposit with SBI since 2011, i have renewed the FD 2 to 3 times. Customer service is very good with this bank and they explained everything about the returns. I deposit an amount of Rs 1 lac and i get 6.75% as interest on returns.
      Was this review helpful? 5
      , kolkata
      Reviewed on Aug 29, 2018
    • IndusInd Bank Fixed Deposit
      "Satisfied with the services"
      0.5 5.0/5 "Blown Away!"
      I have opened a fixed deposit with Indusind bank. The customer services and response is good and they are offering a good rate of interest. The customer services and response is good. It was easy to open this account and there were no charges taken for the same.
      Was this review helpful? 7
      , bangalore
      Reviewed on Aug 17, 2018
    • Kotak Fixed Deposit
      "Easy process to open a FD"
      0.5 5.0/5 "Blown Away!"
      I also have a fixed deposit account with Kotak Mahindra Bank. The process to open this account is easy. I can do it online. They also offer a good rate of interest on the account. I get 7.5% on my deposited amount of 30K. There is a lock in period of one year.
      Was this review helpful? 12
      , new delhi
      Reviewed on Aug 02, 2018
    • Axis Bank Fixed Deposit
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I've another fixed deposit with the Axis bank under my wife's name. I've deposited 21 lacs in this deposit. The interest rate is good and they disburse the interest quarterly. So far there hasn't been any issues with their services.
      Was this review helpful? 15
      , ahmedabad
      Reviewed on Jul 28, 2018
    • Vijaya Bank Fixed Deposit
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a fixed deposit with the Vijaya Bank. I deposited 2 Lacs, the interest rate is 7.6 %, the tenure of the FD is 2 years. Comparatively the interest ate is low. I never faced any issues with their services.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Jul 28, 2018
    • Axis Bank Fixed Deposit
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I've two fixed deposits with the Axis bank, one is under my name and the second one is under wife's name. I've deposited 7 lacs, the interest rate is very good. They disburse the cumulated interest quarterly and the tenure of the FD is 5 years.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Jul 28, 2018
    • HDFC Bank Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      I had started making this investment almost a year back. The interest rate with them had changing according to the market rate. The services which they had been providing so far had been very good. Tenure with them also had been good and i make the deposits directly.
      Was this review helpful? 5
      , new delhi
      Reviewed on Jul 26, 2018
    • SBI Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken fixed deposit account with state bank of India . I have chosen this bank . As they are offering good rate of interest which will good returns . Am satisfied with the premium amount which am paying . Am satisfied with customer service and response .
      Was this review helpful? 14
      , mumbai
      Reviewed on Jul 25, 2018
    • SBI Fixed Deposit
      "Needs to improve"
      0.5 2.0/5 "Expected more"
      I have a Fixed Deposit account with SBI from last 8 months, i am not happy with the services provided by SBI as their response is not proper and there was no complete information given. I paid an Fixed amount of Rs 1.5 lakhs and in return i get 6.5% as interest which is less when compared to others.
      Was this review helpful? 14
      , gurgaon
      Reviewed on Jul 20, 2018
    • Indian Bank Fixed Deposit
      "Good Service"
      0.5 4.0/5 "Great!"
      I opened a fixed deposit with the Indian Bank. The deposit amount is 25000 and the tenure is 20 years, 25000. The interest rate is competitive and I opened the FD at the Indian bank branch. After 20 years I'll receive the deposit amount plus the added interest.
      Was this review helpful? 7
      , chennai
      Reviewed on Jul 14, 2018
    • Union Bank of India Fixed Deposit
      "Highly poor net banking services"
      0.5 0.5/5 "Unacceptable"
      Even if a customer dies at hospital, he has to visit the branch to get the FD money from bank account. This is my personal experience. I am trying to get my FD money to my account thru net banking, but customer service is advising me to visit branch first.
      Was this review helpful? 10
      , noida
      Reviewed on Jul 06, 2018
    • Canara Bank Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      I have my Fixed Deposit opened with Canara bank from last 6 months, i am happy with the services provided by Canara bank. I have deposited an amount of Rs 50000 as FD. Customer service is very good and they gave all the right information. I get 6.6% of interest as return on FD.
      Was this review helpful? 9
      , kolkata
      Reviewed on Jun 29, 2018
    • South Indian Bank Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had a fixed deposit with the South Indian Bank. There is nothing special about the service. The interest they offer for the deposit is low. It is so easy to start a fixed deposit. Overall it has been a good experience with the fixed deposit. Staff were cooperative and very much helpful
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 27, 2018
    • Central Bank of India Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I deposited 50K as an FD in Central Bank of India. I haven't withdrawn the deposit and they provides annual interest for the FD. It was easy to start the FD and they also gave me a credit card based on the fixed deposit. Overall it has been a easy process opening FD with the Central Bank of India.
      Was this review helpful? 7
      , chennai
      Reviewed on Jun 25, 2018
    • review Fixed Deposit
      "FD with DBS"
      0.5 5.0/5 "Blown Away!"
      With DBS it was a hassle free experience. As for my fixed deposit the rate of interest which they are providing is 6.5% to 7%. There is no charges or penalty for the withdrawal with the maturity period.The interest will be estimated depend upon the tenure which we are choosing for.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jun 25, 2018
    • YES Bank Fixed Deposit
      "Better"
      0.5 4.0/5 "Great!"
      I had the fixed deposit account with the Yes bank and the interest rate is around 8.5%, also the customer service is good too. I would like to say that the response is positive one with the Yes bank, also I am really happy with them till now.
      Was this review helpful? 8
      , hyderabad
      Reviewed on Jun 23, 2018
    • YES Bank Fixed Deposit
      "Wonderful"
      0.5 4.5/5 "Excellent!"
      I am having the fixed deposit account with the Yes bank and the customer service is good too. Online banking services are fine one too and am really happy with them. Rate of interest for the fixed deposit is around 7% to 8%.
      Was this review helpful? 3
      , mumbai
      Reviewed on Jun 23, 2018
    • Corporation Bank Fixed Deposit
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I've a fixed deposit with the CORPORATION bank. The deposit is 50000 an they offers 9% annum. I've deposited for the five years. It was easy to start the deposit but I am not happy with their services as they don't provide any additional benefits to their customers.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jun 18, 2018
    • Citibank Fixed Deposit
      "Better"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the CITI bank and the rate of interest was not aware by my end. I would like to say that the online services are good one with the CITI bank. I am happy with them as such.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jun 13, 2018
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