Fixed Deposit Schemes for Women
A secure, stable future comes with safe investments and is crucial for every woman to be independent and self-sufficient. Fixed deposits provide a secure avenue for your money to grow, shielding it from unpredictable market fluctuations. Compared to other risk-free investment options.
FDs offer higher interest rates. Moreover, they are liquid investments, allowing you to withdraw funds in case of unexpected financial emergencies.
In addition to earning a regular income, women should explore investment options to increase their savings for the future. Fixed deposits remain a preferred option among the various investment choices available due to their guaranteed returns over the investment term.
At the end of the term, you will receive the principal amount along with accumulated interest.
Furthermore, Fixed Deposit Schemes offer additional benefits such as overdraft facilities, loans against FD, premature withdrawal options, and tax exemptions, enhancing the value of the investment.
Several banks and financial institutions have introduced attractive Fixed Deposit Schemes tailored explicitly for women, aiming to help them generate more income and develop saving habits.
Fixed Deposit Schemes for Women in India 2025
Bajaj Finance Fixed Deposit for Women
Bajaj Finance Fixed Deposit offers women, investors the opportunity to invest with flexible tenures ranging from 12 months to 60 months.
Please refer to the table below for more information on the scheme's details:
Tenure | Minimum Investment | Rate of Interest |
12-60 months | Rs.25,000 | 5.65% - 6.50% |
Eligibility Criteria
Eligibility criteria for availing of the Bajaj Finance Fixed Deposit for Women include the following:
- Any woman investor working in government or private, running a trust, business, or proprietorship, can apply for the Bajaj Finance Fixed Deposit for Women account.
- A minor girl child with a guardian can open a Bajaj Finance Fixed Deposit account for women.
- Female senior citizens, ex-service women, and widows can avail of this scheme at an additional interest rate.
Benefits
Key benefits of availing of the Bajaj Finance Fixed Deposit for Women are as follows:
- Women can choose the term of the Fixed Deposit as per their requirements.
- To open a Fixed Deposit account, women only need a minimum investment of Rs.25,000.
- Women can get a tax exemption under Section 80C of the Income Tax Act 1961.
- Women account holders for the Fixed Deposit can avail of loans up to 75% of the deposited amount.
DHFL Swayamsidha Deposit for Women
DHFL presents an exclusive Fixed Deposit Scheme called 'Swayamsidha' for women customers, featuring an attractive interest rate of 7.80% p.a. DHFL offers the Swayamsidha Deposit Scheme with exclusive benefits for privileged customers, including senior citizens (women), widows, loan borrowers, and armed forces personnel.
Please refer to the table below for more information on the scheme's details:
For deposits less than Rs.50 lakh
Tenure in Months
| Minimum Deposit
| Cumulative Half Yearly | Non-Cumulative | Privilege customers Quarterly | |||
Monthly | Quarterly | Half Yearly | Annual | ||||
18 | 10,000 | 8.85% | 8.45 | 8.50 | 8.65 | 8.85 | Additional 0.25% |
For deposits of Rs.50 lakhs and above
Tenure in Months | Minimum Deposit | Cumulative | Non-Cumulative | Privilege customers
| |||
Monthly | Quarterly | Half Yearly | Annual | ||||
18 | 10,000 | 9.10% | 8.70 | 8.75 | 8.90 | 9.10 | Additional 0.25% |
Eligibility Criteria
The eligibility criteria for availing of the DHFL Swayamsidha Deposit are as follows:
- The deposit is available exclusively for women customers.
- It can be made for a girl child (minor) with a guardian.
- In the case of joint holders, the primary beneficiary must be a female, while the other holder can be male. A maximum of three joint account holders are allowed.
Benefits
Key benefits of the DHFL Swayamsidha Deposit scheme include:
- Privileged customers, such as senior citizens (women), widows, loan borrowers, and armed forces personnel, are eligible for an additional interest rate of 0.25% p.a.
- Women account holders can avail of a loan against their DHFL Swayamsidha Deposit, up to 75% of the deposited amount.
- The scheme offers free accidental death insurance coverage of Rs.1 lakh.
- Customers can benefit from a tax exemption of Rs.5,000 on the interest earned under this scheme.
- At maturity, customers have the option to renew their Swayamsidha Deposit. To avail of this, a renewal request must be made within six months from the maturity date.
Bharatiya Mahila Bank Fixed Deposit Scheme
In 2013, Bharatiya Mahila Bank was founded with the aim of empowering women and supporting the marginalized sections of India. The bank then merged with the State Bank of India (SBI) in 2017. The bank offers three types of Fixed Deposit Schemes: BMB Tax Benefit, BMB Simple FD, and BMB Cumulative FD.
Please refer to the table below for more information on the scheme's details:
Tenure | Rate of Interest on Deposit for Rs.1 Crore and above | Rate of Interest on Deposit less than Rs.1 Crore |
7-14 Days | 5.00% | 5.00% |
15-29 Days | 5.00% | 5.00% |
30-45 Days | 5.00% | 5.00% |
46-60 Days | 5.00% | 5.00% |
61-90 Days | 5.00% | 5.00% |
91-179 Days | 6.50 | 6.50 |
180-270 Days | 6.50% | 7.00% |
271 days to below 1year | 6.50% | 7.00% |
1 Year | 7.00% | 7.25% |
Above 1 Year to below 3 Years | N A | 7.25% |
3 Years to below 5 Years | N A | 7.00 |
5 Years to 10 Years | N A | 7.00 |
Eligibility Criteria
Eligibility criteria for availing of the Bharatiya Mahila Bank Fixed Deposit Scheme include the following:
- Any working woman, whether employed in the private or government sector.
- Business owners and homemakers are also eligible.
- The Fixed Deposit must be made in the name of a woman account holder.
- Minor girl children can have a Fixed Deposit with a guardian.
- Trusts where women serve as trustees and have signing authority.
- Non-Resident Indian (NRI) women can also avail of the scheme.
Benefits
Key benefits of availing of the Bharatiya Mahila Bank Fixed Deposit Scheme are as follows:
- Higher interest rates are offered with flexible tenure options.
- Women account holders can nominate beneficiaries.
- A loan facility is available against the Bharatiya Mahila Bank Fixed Deposit Scheme, allowing borrowers to access up to 85% of the deposited amount.
- Tax benefits of up to Rs.1.5 lakh is applicable for women account holders.
- Senior women citizens enjoy an additional interest rate of 0.50% on their Fixed Deposits.
- Partial withdrawal and auto-renewal options are available for added convenience.
FAQs on Fixed Deposit for Women
- What are the loan percentages available against non-cumulative and cumulative Fixed Deposits in Bajaj Finance Fixed Deposit for Women?
The loan percentages available against non-cumulative and cumulative Fixed Deposits in Bajaj Finance Fixed Deposit for Women are 60% and 75%, respectively.
- Is TDS applicable for homemakers who have a Fixed Deposit account?
Yes, TDS is applicable for homemakers who have a Fixed Deposit account if their income is Rs.10,000 or more.
- Are the tax exemption rules the same for women FD account holders?
Yes, currently, there are no specific tax exemption rules made for women FD account holders.
- Can a nominee withdraw the Women's Fixed Deposit in a bank prematurely?
If the women account holder of the Fixed Deposit is alive, then a nominee cannot withdraw the Fixed Deposit prematurely and receive the amount.
- Can only women open the Bhartiya Mahila Bank Fixed Deposit account?
No, while women are given preference, now anyone can open a Fixed Deposit account in Bhartiya Mahila Bank.
Disclaimer
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.