In today’s society, where there is a dearth of jobs that assure you stability in income except in Government jobs, a fixed deposit is more than a necessary personal investment.
All the leading banks in India offer fixed deposit schemes to help people make a saving for the future.
With so many options and products, in the fixed deposit category one can be confused and clueless unless you have access to ample information on the same.
One way of insuring that, is by opening a fixed deposit account online and maintaining it online. Not only does it allow you to compare products and gain access to kinds of information as well as helps clear queries but make the application and maintenance processes easier for the account holder.
There are 3 main types of fixed deposits available from a bank online:
Here are 5 things you need to know and make sure of, before you opt for an online fixed deposit scheme from a bank:
Yet with so many things to ensure fixed deposit is a safe and secured personal investment method especially when you have it online. Here are the reasons, why:
So, what are you waiting for? Check out the wide variety of fixed deposit schemes offered on BankBazaar from different banks and financial institutions and choose the fixed deposit that suits your need, the best.
In India, most of the banks accept FD Invesment for a tenure of seven days up to 10 years. However, most of the Non-Banking Financial Companies (NBFCs) offer FDs for a minimum tenure of 12 months up to 1o years.
NRE fixed deposit stands for Non-Resident External Fixed Deposit. This category of FD is designed for NRIs and allows them to invest their onshore earnings in Indian bank accounts.
Yes, you can visit the issuing bank’s branch and apply to invest in FD.
The rules for withdrawing FD before maturity vary from bank to bank. Some banks do allow withdrawing FD before maturity while some banks charge a penalty for the same.
You can apply for tax saving FD to avail tax benefits.
Most of the banks do allow FD investment for three months. However, this completely depends on the FD issuing bank’s rules and regulation.
Yes, most of the banks accept NRI applications for FD investment.
Yes, most of the banks offer a special rate of interest on FDs for senior citizens.
Some banks do accept FD investment applications for minors with guardian/parent as co-applicants.
Yes, the minimum lock-in period for tax-saving FD is five years.
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
Copyright © 2025 BankBazaar.com.