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 Reviews

    • IndusInd Bank Fixed Deposit
      "Fixed depost"
      0.5 5.0/5 "Blown Away!"
      With INDUDIND, I am holding a NRE so based on which they offered a NRE rate. This was opened and closed. This request was placed online no challenges nor any issues. I did not get any tax benefit for this FD. It was opened on the basis of NRE....
      Was this review helpful? 0
      , thane
      Reviewed on Sep 23, 2017
    • SBI Fixed Deposit
      "My FD"
      0.5 4.0/5 "Great!"
      SBI FD is fine i am holding this SBI FD for about 6 years no drawback nor any Challenges. the rate of interest has come down i have started 9.25% but this year 6.5% flat. it is very easy to book FD online liquidation can be done through online option thee is an option to transfer the amount directly
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 21, 2017
    • Federal Bank Fixed Deposit
      "Nominal interest"
      0.5 4.0/5 "Great!"
      I have invested Rs.50,000 in Federal Bank FD account, it has the tenure of five years, they told they would provide 6.5% of interest for the fixed deposit account. It is not that much great. I am an existing customer of the bank, hence I opened FD with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 20, 2017
    • HDFC Bank Fixed Deposit
      "Its Convenient"
      0.5 5.0/5 "Blown Away!"
      I have taken Fixed deposit from HDFC, I have invested Rs. 10 Lakhs for the tenure of one year, I went to the branch and opened the FD account, my relationship manager helped to open it within two days of time. They are providing 7.5% of interest of one year but I could withdrawal it anytime but some charges applicable.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 20, 2017
    • HDFC Bank Fixed Deposit
      "Good for deposits "
      0.5 5.0/5 "Blown Away!"
      We can save and have fixed deposit with less rate of interest in HDFC bank they give benifiatials based on the amount that we deposit .We can with draw and the interest will be added with the minimal balance .I have been using this bank services for a longer time its good i with draw when i need with out any hassle .
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 16, 2017
    • Lakshmi Vilas Bank Fixed Deposit
      "Good savings"
      0.5 5.0/5 "Blown Away!"
      I have invested Rs. 3 lakhs it has the tenure one year,I am holding Fixed deposit around Rs. 3 months. After maturity I well receive the interest of 8% and investment amount credits to my account, I am working as a staff in the same bank, hence they provides 8% as a staff for other they give 7% and for senior citizen 7.5% of interest.
      Was this review helpful? 0
      , rajapalayam
      Reviewed on Sep 13, 2017
    • SBI Fixed Deposit
      "Good investment"
      0.5 5.0/5 "Blown Away!"
      I have invested some amount in SBI fixed deposit, last year they gave me 7.5% of interest on it , its has the tenure of one year. Every year I used to go to the home branch to renew the FD, bank response is also quite good. But its not so beneficial, if I would have invest in mutual fund I would have got some extra benefits.
      Was this review helpful? 0
      , gwalior
      Reviewed on Sep 12, 2017
    • ICICI Bank Fixed Deposit
      "FD online"
      0.5 5.0/5 "Blown Away!"
      I can book Fixed Deposit online using ICICI Bank account it is very easy to do the same . I am holding RD account with ICICI for the past 4 years. I do get some tax benefit here. I do have options online for breaking FD.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Sep 12, 2017
    • HDFC Bank Fixed Deposit
      "Banking is good"
      0.5 4.5/5 "Excellent!"
      Very easy to bank with HDFC bank as I hold my salary account with them and I know how the bank functions. The bank executives treat you well. One can place the request for liquidation online and it hardly takes about 2 to 3 days of time for the liquidation.
      Was this review helpful? 0
      , jaipur
      Reviewed on Sep 12, 2017
    • ICICI Bank Fixed Deposit
      "EXCELLENT SERVICE"
      0.5 4.5/5 "Excellent!"
      Excellent service from ICICI always ,they use the technology in a right way transactions are also equally fast . I also use their online application which was also user friendly ,ATM services were also nearby my location so overall it is a satisfactory service from them .
      Was this review helpful? 0
      , noida
      Reviewed on Sep 11, 2017
    • Canara Bank Fixed Deposit
      "Its okay"
      0.5 5.0/5 "Blown Away!"
      Good to invest in CANARA BANK FD. I feel good banking with them. I am holding this FD for a long time. Its very much convenient. Their branch is in my campus so it is very much easy to walk in to the branch to place a request. They took around one day to complete the process even the documents required too was very simple.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 08, 2017
    • SBI Fixed Deposit
      "BEst option for future"
      0.5 5.0/5 "Blown Away!"
      I had invested in SBI FD and this was offered for a period of one year. I had opted it for the maximum tenure period . I had broken that FD for my wedding and I earn good rate of interest on this. The penalty charges levied was not too much and it was kind of okay.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 07, 2017
    • Karur Vysya Bank Fixed Deposit
      "Its Average"
      0.5 3.5/5 "Pretty good"
      I opened the fixed deposit in KVB which is located in my native, interest rate is same like other banks. Customer service is not userfriendly, when I forgot the password to log in my account, I called to the customer care but they didn't give any solution they asked me to visit home branch. But I was living in different location but they did not understand that, they dont have any other option to reset my password. Hence I had withdraw Rs. 2 lakhs from FD account, remaining Rs. 1 lakh was left there.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 07, 2017
    • Punjab National Bank Fixed Deposit
      "PNB is my bank"
      0.5 5.0/5 "Blown Away!"
      PNB is my bank as I worked as a Senior Manager there so I know how the bank works. , Interest rate offered by them was the 1.5% extra than the normal interest rate for FD because I am staff of that bank I get 6.60% for 5years. For senior citizen they give 6.25% plus some additional interest too.
      Was this review helpful? 0
      , jalandhar
      Reviewed on Sep 05, 2017
    • HDFC Bank Fixed Deposit
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the HDFC bank for the last one year of time.Rate of interest is lesser one, also the customer service is very good. Response is very fine one for me like it took only half an hour of time to open the account.
      Was this review helpful? 0
      , lucknow
      Reviewed on Aug 26, 2017
    • Punjab and Sind Bank Fixed Deposit
      "Fantastic"
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the Punjab and sind bank and the interest rate is fine one but am really not aware of it. The tenure is around for seven to eight years of time. Response is very good one with them.
      Was this review helpful? 0
      , meerut
      Reviewed on Aug 23, 2017
    • 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 Fixed Deposit
      "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
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    Certificate of Deposit is Rated as "Excellent!" by 1787 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). 

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