Money won’t grow in your mattress.
It will grow in a Fixed Deposit!
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    We found 112 FD Vs NSC

    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% - 7.5% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 10 Years
    4.25% - 7.35% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹1Cr
    15 Days to 20 Years
    4.25% - 7.15% 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% - 7.10% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6% - 6.65% 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% - 7.35% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 5 Years
    6.85% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
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  • Fixed Deposit vs National Savings Certificate (NSC) Reviews

    • HDFC Bank Fixed Deposit
      "Best"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the HDFC bank and the interest rate is common one with every bank like it used to get varied up to 0.5% . Penalty charges are nil with them for the premature withdraw, which is the really good one.
      Was this review helpful? 3
      , chennai
      Reviewed on Jun 22, 2017
    • SBI Fixed Deposit
      "Good Service"
      0.5 4.0/5 "Great!"
      When I have started to deposit the money I was getting good interest rate but know the rate of interest is decreased with SBI Fixed deposit. I have started the fixed deposit around 6 years ago with SBI. Initially I got around 9.5% as interest rate but now I am getting only 7.5% interest rate. The service with State is good.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jun 22, 2017
    • Canara Bank Fixed Deposit
      "Good"
      0.5 2.5/5 "Just OK"
      I am having the fixed deposit account with the Canara bank and the rate of interest is around 8.5%, which was very lesser one on that time. Total tenure is around three years of time, also the penalty charges are not really huge. Customer service is not really up to the mark.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2017
    • IDBI Fixed Deposit
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I would suggest IDBI bank is the best one to get the fixed because of the good rate of interest . Customer service is good one and am with them from the last three years of time. Penalty charges are lesser one with the m for the premature withdraw.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 19, 2017
    • ICICI Bank Fixed Deposit
      "Good Indian bank"
      0.5 4.0/5 "Great!"
      I do have fixed deposit account with the ICICI bank and the interest rate is around 6.5% per annum , also the maturity period is also one year of time. Customer service is also a good one with the ICICI bank, also the response too. Online banking services are also working in good way and am very familiar with them till now.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jun 16, 2017
    • Axis Bank Fixed Deposit
      "Its good investment"
      0.5 4.5/5 "Excellent!"
      I have invested one lakh in fixed deposit with AXIS bank. Its going to matured in this august, Then I would be getting around Rs.1.12,000. I have opened this FD through online and I will be getting the amount same to my account. AXIS gave me premature withdrawal, I can close whenever I want.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 13, 2017
    • Canara Bank Fixed Deposit
      "For common man"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the Canara bank and am using it from the last ten years of time. Customer service aspects are good one with them and the online banking services are not really working in a good according the new generation bankers. The interest rate is around 7.25% as of now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 12, 2017
    • YES Bank Fixed Deposit
      "Wonderful "
      0.5 5.0/5 "Blown Away!"
      I have the fixed deposit account with the Yes bank and the interest rate is around 6.5% above and the customer service is not yet experienced because everything used to dealt with through online experience. I have not faced any server down issues with the Yes bank.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Jun 12, 2017
    • HDFC Bank Fixed Deposit
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the HDFC bank and the services are always an excellent one. I have opened the account on immediate basis like everything used to get happened in instant way. Rate of interest is around 6.5% and the response is an excellent one.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 09, 2017
    • Vijaya Bank Fixed Deposit
      "Excellent "
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the Vijaya bank and the interest rate is around 6.5% and the customer service is good one , also they are nearby my locality and also the access is really friendly. Online services are good one with the Vijaya bank.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 09, 2017
    • Central Bank of India Fixed Deposit
      "Fund transfer"
      0.5 0.5/5 "Unacceptable"
      The worst banking system I have ever seen. if i want to transfer amt to other bank through IFSC they can't detect the bank or automatically logged out .if I want current statement they can't.net banking automatically logged out.if i go for pass book entry server down problem. if I go to ATM only 2k available etc...
      Was this review helpful? 2
      , kolkata
      Reviewed on Jun 01, 2017
    • SBI Fixed Deposit
      "Very good in services"
      0.5 5.0/5 "Blown Away!"
      When I wanted to open a fixed deposit account at State Bank of India. I did not have to visit the bank. I opened the account online and though the rate of interest is not that appealing. I am happy with the overall experience and process and the convenient banking process.
      Was this review helpful? 9
      , guwahati
      Reviewed on May 31, 2017
    • SBI Fixed Deposit
      "Convenient to Hold"
      0.5 4.0/5 "Great!"
      It has been two years when I opened fixed deposit with State bank of India. The period is for five years. Since I completed two years, three years to go. Interest rate is of 11%. Actually SBI is located near to my house so I feel more comfortable in visiting the bank at any instance. All the staffs are very friendly and very cooperative.
      Was this review helpful? 5
      , visakhapatnam
      Reviewed on May 25, 2017
    • SBI Fixed Deposit
      "Secured investment"
      0.5 5.0/5 "Blown Away!"
      Compared to other banks SBI offering good interest rate on fixed deposit, they offered me 7.95% of interest. I have the amount of Rs. 2.4 lakhs for the tenure of three years. After the maturity period I got the amount around 2.9 lakhs. I am very much fine with that.
      Was this review helpful? 4
      , hyderabad
      Reviewed on May 24, 2017
    • Karur Vysya Bank Fixed Deposit
      "Good"
      0.5 3.5/5 "Pretty good"
      I am having the fixed deposit account with the Karur Vysya bank and the account got opened within one to two days of time. Tenure is for five years of time and after that it will be get matured. Rate of interest was around 8.5% to 9% on that time with the tax redemption.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 23, 2017
    • Karnataka Bank Fixed Deposit
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      I have an account for fixed deposit only with Karnataka bank. I have deposited around fifty five lakhs. I bank with Karnataka for more than twenty years, even my family members are having an account with the same bank. Their services are really good.
      Was this review helpful? 1
      , chennai
      Reviewed on May 22, 2017
    • ICICI Bank Fixed Deposit
      "Good one"
      0.5 3.5/5 "Pretty good"
      I have fixed deposit account with the ICICI bank and I got it from them because I had the salary account with them. Within two days of time fixed deposit account got opened and the maturity period is around one year of time. Interest rate is around 8% with them and am not that much happy with that. I would like to suggest that they can increase the rate of interest for the deposits.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 18, 2017
    • SBI Fixed Deposit
      "Too much of process involved"
      0.5 2.5/5 "Just OK"
      At other private bank a fixed deposit could be opened online and a customer does not have to visit the bank. In my case I had to visit State bank of India to open a fixed deposit and it has a lot of process involved. Like wise to close the same it is the same scenario.
      Was this review helpful? 6
      , pune
      Reviewed on May 10, 2017
    • SBI Fixed Deposit
      "Good "
      0.5 5.0/5 "Blown Away!"
      I am having fixed deposit account with the State bank of India and the interest rate is around 6.2% for the tenure of five years of time. I have opened this account through online, so it got happened very immediately. Charges are nil with them and I can get the money withdrawal in fraction of seconds.
      Was this review helpful? 5
      , pondicherry
      Reviewed on May 09, 2017
    • SBI Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Long back I had Fixed deposit account with State bank of India. I selected the tenure period for six years. The bank had fixed a good rate of interest. At last I received the money with the promised interest amount. I am much satisfied with SBI for the FD service.
      Was this review helpful? 4
      , hyderabad
      Reviewed on May 09, 2017
    Common Loader Icon

    FD Vs NSC is Rated as "Excellent!" by 1751 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    If you have cash and an investment choice to make, then NSC as well as fixed deposits are the two most popular financial tools. However, both these tools are beneficial in their own unique ways.

    National Savings Certificate or NSC is one of the primary savings scheme floated and held by the government of India. The scheme offers lucrative returns to customers and is a safe bet for people looking for a low-risk investment choice. On the other hand, fixed deposits are instruments offered by both private and public banks and even by other non-banking financial institutions too.

    Which financial tool should be preferred out of NSCs and FDs and why?

    Based on various parameters listed below, you can make a choice between which financial tool to opt for, fixed deposits or NSCs. Both these investment options have their pros and cons and their demand may vary depending upon customers preferences.

    • Rate of interest offered
    • NSCs

      Returns offered by NSCs are in the range of 8.5% - 8.8% which is comparable to what is offered by fixed deposit schemes of banks and NBFCs. However, interest rates on NSCs are calculated every six months and hence the effective rate of interest comes to around 8.78% - 9.00%.

      Fixed Deposits

      Fixed deposit schemes offer interest rates that vary with respect to the lock-in period. Apart from regular schemes, special and higher rates of interest are offered to customers. FDs allow almost accurate calculation of final returns if you know the rate of interest being offered by the bank on your deposit.

    • Lock-in period (Liquidity of cash)
    • NSCs

      Lock-in period for NSC schemes is either 5 years or 10 years. The rate of interest offered on 10 year term NSCs is greater than that offered on 5 year term. Some customers thus are not comfortable with such long lock-in periods and hence prefer to invest their money in fixed deposit schemes which offer higher liquidity than NSCs.

      Fixed Deposits

      Fixed deposit schemes offer interest rates that vary with respect to the lock-in period. Apart from regular schemes, special and higher rates of interest are offered to customers. Customers can choose deposit periods depending upon their convenience and the rate of return they are fine with. Even when fixed deposits are made for a specific tenure, the money can be pre-maturely withdrawn with or without paying any pre-mature withdrawal fee.

    • Applicable tax on returns earned
    • NSCs

      Returns earned from NSCs are exempt from income tax under section 80C of the Income Tax Act. This signifies that actual returns are even higher than those estimated. This makes NSC a good investment choice for customers who do not mind locking their money for longer periods.

      Fixed Deposits

      Returns earned on fixed deposits are taxable and hence actual returns might not be as high as quoted by banks. However, certain fixed deposit schemes like the tax saver deposit scheme offered by almost all major private and public sector banks, is a good scheme under which tax deduction under section 80D of the Income Tax Act, can be claimed.

    • Premature withdrawal feature
    • NSCs

      National Savings Certificate has this one major drawback of unavailability of premature withdrawal before the tenure of 5 or 10 years gets completed. Your NSC can only be withdrawn prematurely under the following three conditions –

      • On death of the holder
      • On forfeiture of scheme by some gazette government officer
      • When withdrawal is ordered by court of law

      Fixed Deposits

      Premature withdrawal of fixed deposits is allowed by almost all banks and NBFCs. This pre-closure, however, is charged a specific pre-mature withdrawal fee which depends upon the bank in which you have your fixed deposit account. Some banks do not charge any fee for withdrawing deposits prematurely.

    • Loan facility
    • NSCs

      National Savings Certificate are a great financial tool to use as collateral against secured loans. For loans such as car loans, home loans etc. banks expect customers to deposit some form of collateral as security against their loans. These are used to recover money in case customers default to pay off their loans. Financial instruments like NSCs, fixed deposit schemes and insurance policies make great collaterals.

      Fixed Deposits

      Fixed deposits too like NSCs are preferred by banks as collateral for obtaining secured loans. Fixed deposits with the same bank are even better when availing loans. These deposits are kept as security by banks so that in case a customer defaults in paying off his/her loan, banks are able to recover some amount of money through these deposits.

    • Safety of deposit amount
    • NSCs

      National Savings Certificate are financial instruments issues by the government of India and as such the safety of capital invested is quite high.

      Fixed Deposits

      Fixed deposits too like NSCs are quite secure. However, FD schemes by public sector banks are considered to be safer than those offered by private sector banks and NBFCs. Customers who are conservative with respect to their savings habit should opt for deposits offered by government aided banks rather than private banks.

    To sum up, it is safe to say that fixed deposits are financial instruments that offer not only great benefits but also flexibility to customers. Deposit schemes can be availed as per the convenience of customers. Their maturity period, premature withdrawal and denomination can be controlled by customers. On the contrary except for the amount of NSC, tenure and premature withdrawal is not by any means in the hands of customers. Any customer who wants to avail more liquidity should opt for fixed deposit schemes and should try levelling the tax return benefit of NSCs by opting for tax-saver deposit schemes.

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