Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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% - 7.8% 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 is Rated as "Excellent!" by 1866 Users
    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

    • IndusInd Bank Fixed Deposit
      "Best banking"
      0.5 5.0/5 "Blown Away!"
      I have opened a Fixed deposit with Indusind bank.The minimum a maintain 50,000 in year.i feel its a best investment for the customers as I get the best interest rate.I have been banking with them for last five years.I am happy banking with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 23, 2018
    • HDFC Bank Fixed Deposit
      "Very Convenient "
      0.5 5.0/5 "Blown Away!"
      I have opened HDFC fixed deposit before eight months, I have deposited the amount for the period of one year. Then if I want I can renew it through online. They are providing 6.9% of interest for FD account, I could track FD through netbanking and phone banking.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 23, 2018
    • Indian Bank Fixed Deposit
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have a Fixed Deposit with Indian bank from last 4-5 years, the services provided are very good when compared to all other banks. I invested an one time amount of Rs 10 lakhs. Customer service part was fine and their response is prompt. There are no additional charges and the maturity period is after 9 years.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 19, 2018
    • Punjab National Bank Fixed Deposit
      "Fixed deposit with PNB"
      0.5 5.0/5 "Blown Away!"
      I hold a fixed deposit with PUNJAB NATIONAL BANK. The rate of interest is 4.5% for one year. Even if i withdraw with in the Fixed Deposit period they do not apply any charges. The customer service and response with the fixed deposit account is great.
      Was this review helpful? 0
      , noida
      Reviewed on Jan 11, 2018
    • ICICI Bank Fixed Deposit
      "Average"
      0.5 4.0/5 "Great!"
      I am having the fixed deposit account with the ICICI bank and the interest rate is around 6.5% and the customer service is good one for me with them. I would like to say that the response is above average one for me with the ICICI bank.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 10, 2018
    • Vijaya Bank Fixed Deposit
      "Happy service"
      0.5 4.0/5 "Great!"
      My fixed deposit account was maintained with Vijaya Bank. Its a one time investment of 3L. The branch is near to my place and they send the statements to my email address. They have guided me on online facilities, they were really helpful to me.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 02, 2018
    • HDFC Bank Fixed Deposit
      "FD with HDFC"
      0.5 4.0/5 "Great!"
      I have opened a fixed deposit account with HDFC bank. They are providing good interest for fixed deposit. The interest rte is 6.75% annually. The duration for my FD is for 12 months. If i withdrew with in the duration then some charges will be applicable which is around 1 to 2% of the principal amount.
      Was this review helpful? 0
      , thane
      Reviewed on Dec 30, 2017
    • HDFC Bank Fixed Deposit
      "Better"
      0.5 4.0/5 "Great!"
      I had opened a Fixed Deposit account with HDFC Bank through online portal. Earlier they provided higher rate of interest now it was come down to 6.9%. Whenever I call the customer support they respond properly and IVR system is good. The net banking features are good.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Dec 29, 2017
    • SBI Fixed Deposit
      "Good Savings"
      0.5 4.0/5 "Great!"
      I have invested Rs. 3.6 lakhs in SBI fixed deposit, it has the locking period of 10 years and one more FD for 2 years for the amount of Rs. 1.5 lakhs. They are providing good interest, I don't have any issue. Customer service is not good, but bank staff are very cooperative they immediately the resolve my queries.
      Was this review helpful? 0
      , new delhi
      Reviewed on Dec 29, 2017
    • SBI Fixed Deposit
      "Excellent banking"
      0.5 5.0/5 "Blown Away!"
      I have opened a fixed account with State Bank of India.I have been banking with them for last four months.I get a good rate of interest of 6.5%.I should maintain a minimum balance of 25,000.The banking staffs response is good and prompt.Its hassle banking with them.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 29, 2017
    • HDFC Bank Fixed Deposit
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have a fixed deposit with Hdfc,the service was good. I use Hdfc fixed deposit online application which was easy to use still I use to visit their branch directly to deposit it has been 20 years I have taken the fixed deposit with Hdfc it was a fine experience with Hdfc fixed deposit service.
      Was this review helpful? 4
      , mumbai
      Reviewed on Dec 26, 2017
    • Axis Bank Fixed Deposit
      "Good Return"
      0.5 3.0/5 "Satisfactory"
      I had a good investment made an investment in Axis Bank through my Fixed Deposit Account with them. They gave me an interest rate of 8.25%, which I feel is one of the best in the Industry. I took it for a 2 years period and had the option of closing it even before the maturity.
      Was this review helpful? 6
      , mumbai
      Reviewed on Dec 26, 2017
    • ICICI Bank Fixed Deposit
      "Its Better"
      0.5 4.0/5 "Great!"
      ICICI is also good based on the my concern, one month back only I have deposit some amount in FD account. But interest rate is less around 7.25% for senior citizen for the tenure of one year. I have opened FD through offline, I went the bank and submitted KYC . But I could track my FD transaction through online banking.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 22, 2017
    • Karnataka Bank Fixed Deposit
      "Good "
      0.5 5.0/5 "Blown Away!"
      Karnataka Bank fixed deposit interest rate is good than other banks, they are providing 7.35% of interest for senior citizen. I have went to the branch they provided hassle customer satisfaction. I took FD before two months with this bank for the tenure of one year.
      Was this review helpful? 1
      , chennai
      Reviewed on Dec 22, 2017
    • Punjab National Bank Fixed Deposit
      "Average Investment"
      0.5 3.0/5 "Satisfactory"
      I put a decent amount of my Money into Fixed Deposit and PNB looked to be a perfect fit for that. I got Interest return of 7%, which I feel is quite good compared to the Market standards. The best thing about this Investment is that I can take the whole amount out of the FD any time I want even before maturity.
      Was this review helpful? 5
      , new delhi
      Reviewed on Dec 21, 2017
    • Karnataka Bank Fixed Deposit
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had a Fixed Deposit account with Karnataka Bank. It was taken last year and closed this October 2017. FD is not matured, If I continue paying it my IT returns will go high so decided to closed this account. I have deposited 4L rupees. The customer service and response was up to the mark.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 19, 2017
    • SBI Fixed Deposit
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I am able to do all my transactions online at State bank of India. I have a fixed deposit account and the process is easy. The features are good and when I contact them they are supportive. The services at the bank can be more proactive and quick to respond.
      Was this review helpful? 12
      , hyderabad
      Reviewed on Dec 14, 2017
    • HDFC Bank Fixed Deposit
      "Excellent"
      0.5 4.5/5 "Excellent!"
      I am having the fixed deposit account with the HDFC bank and the online banking services are good one too. I am happy with the HDFC bank till now. Online banking services are really good one with the HDFC bank.
      Was this review helpful? 9
      , bangalore
      Reviewed on Dec 07, 2017
    • Citibank Fixed Deposit
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the CITI bank and the rate of interest is lesser one . I would like to say that the online banking services are good one too and am happy with the deposits in CITI bank.
      Was this review helpful? 3
      , bangalore
      Reviewed on Dec 06, 2017
    • Lakshmi Vilas Bank Fixed Deposit
      "Better safety locker"
      0.5 5.0/5 "Blown Away!"
      Based on my savings account , I have got the Fixed deposit from the Lakshmi vilas bank. I have also got the safety locker with the Lakshmi vilas bank. I have this Fixed deposit for past 6months. I get the average interest rate with the Lakshmi vilas fixed deposit.
      Was this review helpful? 2
      , chennai
      Reviewed on Dec 05, 2017
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