Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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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
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 20 Years
    5% - 8% 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
    4.25% - 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% - 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 Reviews

    • SBI Fixed Deposit
      "Extremely super"
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the State bank of India and its totally, while it comes to the response. With every aspects , State bank of India is doing in good way even in the part of rate of interest for deposits too like they are up to the mark.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 23, 2017
    • ICICI Bank Fixed Deposit
      "Great Job"
      0.5 5.0/5 "Blown Away!"
      I am having fixed deposit account with the ICICI bank and the rate of interest is around 6.5%, also am not looking the interest rate to compare with other bankers. Customer service is fine one for me and the response is good, also the tax is applicable on the returns.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 21, 2017
    • Bank Bazaar Customer Support
      "Credit card application"
      0.5 5.0/5 "Blown Away!"
      Personal loan has been approved, I didn't have a credit card.My credit score is 750+ as per informed by credit mantri.I have got separate responses from SBI, HDFC,Credit mantri ,Bankbazar.I was called by banking sector formally and one of the bank has responded me on 9144466511800.
      Was this review helpful? 0
      , other
      Reviewed on Aug 19, 2017
    • Kotak Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      Of course even foreclosure of FD, can be done through the mobile application of KOTAK . Also it is easy to compare the rates on the net banking and it is excellent too. When I placed a request for liquidation it takes about 2 hours of time and it is very easy to change the maturity instruction through the mobile app.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 17, 2017
    • SBI Fixed Deposit
      "Good FD process"
      0.5 5.0/5 "Blown Away!"
      I am very much comfortable with the FD PROCESS followed by SBI . All I had to do is, I have to just go online and place a request for FD. The information about the FD interest rate are also available online and it is very easy to find that too. No tax benefits and any time i can liquidate the funds by breaking the funds online , the same is not the case with other banks where there would be charge else it would be done the next day with SBI it is done on the same day and that is the biggest advantage here.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 16, 2017
    • SBI Fixed Deposit
      "Future saving plan for child"
      0.5 4.0/5 "Great!"
      I have invested Rs.50,000 for my child in fixed deposit, when child turns age of 7 years old, she will be get double the money from SBI. I have invested in the age of 2 years of age. After maturity, they gave one written bond using that I should get the return.
      Was this review helpful? 0
      , berhampur
      Reviewed on Aug 11, 2017
    • HDFC Bank Fixed Deposit
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have opened a Fixed deposit account with 50lakhs from HDFC bank. The customer service is not up to the mark. There was no personalize service is available with HDFC bank.The customer service need to be customer centric in future. The rate of interest is nominal with Hdfc bank. I would like to suggest HDFC bank to focus on their service.
      Was this review helpful? 0
      , vadodara
      Reviewed on Aug 11, 2017
    • Punjab National Bank Fixed Deposit
      "Scheme is good"
      0.5 5.0/5 "Blown Away!"
      PNB Fixed deposit scheme is very good, yes it is a good bank. I am using this bank account for about 15 years . My parents are holding an account there which prompted me to open this account with this bank, it is a reputed bank too so I had taken FD from this bank. Interest rate 9%for FD and I do get tax benefit from this FD
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 11, 2017
    • SBI Fixed Deposit
      "Very good"
      0.5 5.0/5 "Blown Away!"
      SBI FD is actually very good, I had opted for this through online no charges for the same. I had never been to the branch for renewal for maturity or for pre -renewal. I am getting some sort of messages about the deposits we can also change the maturity instruction we can also change the tenure but not the amount.
      Was this review helpful? 0
      , gandhidham
      Reviewed on Aug 10, 2017
    • Shriram Finance Fixed Deposit
      "Good invest and best service"
      0.5 5.0/5 "Blown Away!"
      I have opened the fixed deposit in Shriram Transport finance through online channel, then I have deposited the amount of Rs.10,000 for the tenure of one years, After the tenure period I would be getting totally around Rs.10,700, they gave me the interest rate of 7.4%.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on Aug 08, 2017
    • Shriram City Fixed Deposit
      "Customer service is the best"
      0.5 5.0/5 "Blown Away!"
      Customer service executive named karthik had spoken to me, he had filled the form and completed all the formalities he advised me to send my pan card to his email id . Online executive explained me about the terms and conditions and the interest rate is the best there.
      Was this review helpful? 0
      , kanchipuram
      Reviewed on Aug 08, 2017
    • IDBI Fixed Deposit
      "Trustworthy"
      0.5 5.0/5 "Blown Away!"
      IDBI has provided the best of services always I have a fixed deposit as well with them. I only have to get the bond and sign the same. They would will up the rest of the details and process it. I do not have to double check as they have always been trustworthy.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 07, 2017
    • State Bank of Bikaner Jaipur Fixed Deposit
      "Very good fixed deposit"
      0.5 3.0/5 "Satisfactory"
      SBBJ offers the best interest rate so I can place my trust on them. Actually when I was with MNC I was in need of a PF account at that time no other bank was offering ONLY SBBJ was ready to provide a PF along with that you had a opened a FIXED deposit. I do have an online access too and their interest rate is good.
      Was this review helpful? 0
      , udaipur
      Reviewed on Aug 07, 2017
    • HDFC Bank Fixed Deposit
      "Good return"
      0.5 4.0/5 "Great!"
      I had fixed deposit with HDFC, I got the additional benefits I could withdraw the amount without any charges, I have invested the amount of Rs.3 lakhs for the tenure of 2.5 years. I closed the FD within one and half y ear, they gave me special interest rate around 8% .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 03, 2017
    • HDFC Bank Fixed Deposit
      "If you have it, use it"
      0.5 3.0/5 "Satisfactory"
      I am having fixed deposit account with the HDFC bank and am using it from the last one year of time. Service aspects are really alright one with them. Rate of interest is fine one for me till now. Minimum lock in period could be around three months of time and I used to do it through online mode.
      Was this review helpful? 0
      , pune
      Reviewed on Aug 03, 2017
    • Central Bank of India Fixed Deposit
      "CBI is the best bank for Fixed Deposit"
      0.5 4.5/5 "Excellent!"
      HI! This is Santosh, I had been using from last 8 years with best service without any issue. This Bank Fixed Deposit rate of interest is higher then other banks. The Banking and services are good, There is no Fixed deposit breaking charges. I will recommend this Bank for the Best FD services.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 18, 2017
    • HDFC Bank Fixed Deposit
      "Go ahead with your choice"
      0.5 4.0/5 "Great!"
      I have the fixed deposit account with the HDFC bank and I been with them from the last three to four years of time. The rate of interest was reduced as of now but I have got it as fixed. Customer service and other things are really okay and I have not interacted with them.
      Was this review helpful? 1
      , chennai
      Reviewed on Jul 06, 2017
    • SBI Fixed Deposit
      "Wonderful "
      0.5 4.0/5 "Great!"
      I had the fixed deposit account with the State bank of India and the interest rate was around 6% to 7% before three years of time. Response and other aspects are good enough. Customer service was also good one and their online banking services are up to the mark.
      Was this review helpful? 6
      , visakhapatnam
      Reviewed on Jul 03, 2017
    • ICICI Bank Fixed Deposit
      "Its Good"
      0.5 4.0/5 "Great!"
      In terms of interest rate, ICICI IS providing lower benefits for Fixed deposit account. For premature they not calculating the proper interest rate. It would be better to give clear information about interest rate calculation within the period of transaction.
      Was this review helpful? 4
      , chennai
      Reviewed on Jun 30, 2017
    • SBI Fixed Deposit
      "Its Average"
      0.5 2.0/5 "Expected more"
      I am having recurring deposit with SBI, I opened the RD by visiting SBI branch. On the same day RD account got activated. But I felt interest rate is low they offering only 7.1% of interest, I have invested the amount of Rs. 1 lakh for the tenure of 15 month, after maturity of the RD. I would be getting the return around 1.08 lakh.
      Was this review helpful? 3
      , ahmedabad
      Reviewed on Jun 30, 2017
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    Certificate of Deposit is Rated as "Excellent!" by 1771 Users

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    Fixed Deposit BYTES FROM OUR KITCHEN

    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). 

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