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    We found 112 Short Term Fixed Deposit
    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.6% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.28% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    Up to ₹1Cr
    7 Days to 20 Years
    5% - 7.75% 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
    5.75% - 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
    6.5% - 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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  • Short Term Fixed Deposit is Rated as "Excellent!" by 1914 Users

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    Fixed Deposit BYTES FROM OUR KITCHEN

    Short Term Fixed Deposit

    A fixed deposit is an investment option provided by banks or non-banking financial companies to deposit money and earn a certain rate of interest. The advantage of depositing money in a fixed deposit account is that it will give you a higher rate of return than a normal savings account. The maturity term for an FD account ranges from 7 days to 10 years. A short term fixed deposit has a maturity term from 7 days to a maximum of 12 months. Fixed deposit interest rates vary from bank to bank and this will fluctuate and may be also revised.

    Given below are the interest rates offered on short-term deposits by top banks:

    Bank Regular FD Rate (per annum) Senior Citizen FD Rate (per annum)
    SBI 5.75% to 6.40% 6.25% to 6.90%
    Axis Bank 3.50% to 6.50% 5.50% to 6.90%
    ICICI 4.00% to 6.50% 4.50% to 7.00%
    Citibank 3.00% to 5.00% 3.50% to 5.50%

    *The tenure taken is less than 365 days and the deposit value is less than Rs.1 crore

    Features of short term fixed deposit  

    • The maturity term of a short term fixed deposit ranges from 7 days to less than 12 months.
    • You can deposit money in such a term deposit only once.
    • You can opt to renew the short term fixed deposit account when it matures.
    • The tax on the funds in the account are deducted as per the Income Tax Act, 1961.
    • The rate of return on a time deposit account is usually high.
    • Money can be withdrawn from an FD account before maturity but only after paying a fine. However, there are some banks which offer no penalty on withdrawing money before maturity.
    • The minimum amount that you can invest in a short term deposit account varies from bank to bank. It is generally around Rs.10000. For minors, the starting amount is brought down by the banks.

    Advantages of short term deposits

    • It is the ideal option if you want to have transitory savings.
    • It provides greater liquidity with high rate of return.
    • A major advantage of such a fixed deposit is that it allows you to take a loan amount equivalent to 95% of the funds in your account without requiring a guarantor or any paperwork.
    • There is a provision for nomination when you open a term deposit account.
    • If you withdraw money before your term on the account ends, you will be charged an interest rate that is 1% less than the applicable rate.
    • The government considers funds in the short term fixed deposit account as security.
    • The fund in short term deposits can also be used as margin money for non-fund based services.

    Requirements for opening a short term fixed deposit account

    To open this type fixed deposit account, the requirements vary bank to bank. Most banks ask you to open a savings account along with the short term fixed deposit account. This removes the hassle of collecting the interest amount in person and it can be directly transferred to your savings account. Also the account holder should be a resident Indian although some banks offer Non-Resident Indians (NRIs) the option to open a short term fixed deposit account as well. To open fixed deposit account you would need an identity proof, passport size photos and proof of address.

    Short Term FD Reviews

    • Indian Bank Fixed Deposit
      "Good Service"
      0.5 4.0/5 "Great!"
      I opened a fixed deposit with the Indian Bank. The deposit amount is 25000 and the tenure is 20 years, 25000. The interest rate is competitive and I opened the FD at the Indian bank branch. After 20 years I'll receive the deposit amount plus the added interest.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 14, 2018
    • Union Bank of India Fixed Deposit
      "Highly poor net banking services"
      0.5 0.5/5 "Unacceptable"
      Even if a customer dies at hospital, he has to visit the branch to get the FD money from bank account. This is my personal experience. I am trying to get my FD money to my account thru net banking, but customer service is advising me to visit branch first.
      Was this review helpful? 0
      , noida
      Reviewed on Jul 06, 2018
    • Canara Bank Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      I have my Fixed Deposit opened with Canara bank from last 6 months, i am happy with the services provided by Canara bank. I have deposited an amount of Rs 50000 as FD. Customer service is very good and they gave all the right information. I get 6.6% of interest as return on FD.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 29, 2018
    • South Indian Bank Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had a fixed deposit with the South Indian Bank. There is nothing special about the service. The interest they offer for the deposit is low. It is so easy to start a fixed deposit. Overall it has been a good experience with the fixed deposit. Staff were cooperative and very much helpful
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 27, 2018
    • Central Bank of India Fixed Deposit
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I deposited 50K as an FD in Central Bank of India. I haven't withdrawn the deposit and they provides annual interest for the FD. It was easy to start the FD and they also gave me a credit card based on the fixed deposit. Overall it has been a easy process opening FD with the Central Bank of India.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 25, 2018
    • review Fixed Deposit
      "FD with DBS"
      0.5 5.0/5 "Blown Away!"
      With DBS it was a hassle free experience. As for my fixed deposit the rate of interest which they are providing is 6.5% to 7%. There is no charges or penalty for the withdrawal with the maturity period.The interest will be estimated depend upon the tenure which we are choosing for.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jun 25, 2018
    • YES Bank Fixed Deposit
      "Better"
      0.5 4.0/5 "Great!"
      I had the fixed deposit account with the Yes bank and the interest rate is around 8.5%, also the customer service is good too. I would like to say that the response is positive one with the Yes bank, also I am really happy with them till now.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 23, 2018
    • YES Bank Fixed Deposit
      "Wonderful"
      0.5 4.5/5 "Excellent!"
      I am having the fixed deposit account with the Yes bank and the customer service is good too. Online banking services are fine one too and am really happy with them. Rate of interest for the fixed deposit is around 7% to 8%.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 23, 2018
    • Corporation Bank Fixed Deposit
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I've a fixed deposit with the CORPORATION bank. The deposit is 50000 an they offers 9% annum. I've deposited for the five years. It was easy to start the deposit but I am not happy with their services as they don't provide any additional benefits to their customers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 18, 2018
    • Citibank Fixed Deposit
      "Better"
      0.5 5.0/5 "Blown Away!"
      I do have the fixed deposit account with the CITI bank and the rate of interest was not aware by my end. I would like to say that the online services are good one with the CITI bank. I am happy with them as such.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 13, 2018
    • RBL Bank Fixed Deposit
      "Best"
      0.5 5.0/5 "Blown Away!"
      I am having the fixed deposit account with the RATNAKAR BANK limited and the interest rate is around 7.25%. The minimum tenure is around an year of time and there are no charges for locker, which made me really happy. I am really happy with the RBL.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 12, 2018
    • SBI Fixed Deposit
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I've Fixed deposit with the SBI, I deposited 50000. It was so easy to start a fixed deposit with them. 2 years. For senior citizen they offers 7% interest rate which is very low. They also provided me with a credit card with the FD which was also good.
      Was this review helpful? 3
      , chennai
      Reviewed on Jun 11, 2018
    • ICICI Bank Fixed Deposit
      "Excellent"
      0.5 4.0/5 "Great!"
      I have the fixed deposit account with the ICICI bank and the response is good. I would like to say that the customer service is good one and the minimum tenure starts from seven days to fifteen days of time. I am happy with the ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 07, 2018
    • review Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      The benefits are good from the RELIANCE company mutual funds , the investment has better turn over and it is called benefit to reduce the tax. I hold the mutual funds from the reliance for more than a year and I would say it is good to have the mutual fund with the RELIANCE company.
      Was this review helpful? 0
      , lucknow
      Reviewed on Jun 01, 2018
    • SBI Fixed Deposit
      "Good Service"
      0.5 2.0/5 "Expected more"
      I've a fixed deposit with the SBI. I deposited 60000 . I also got a credit card as a part of this fixed deposit.I never had any issues with the deposit. The deposit was opened with out any questions asked, they also give an annual interest for this deposit.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 25, 2018
    • ICICI Bank Fixed Deposit
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have a Fixed Deposit with ICICI bank from last 15 years, my experience was good so far and i did not face any issues with this bank. I have taken this FD mainly for auto debit of the home loan. Customer service is good and they explained all the terms and conditions
      Was this review helpful? 0
      , coimbatore
      Reviewed on May 24, 2018
    • SBI Fixed Deposit
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a savings account with SBI. I started a Fixed Deposit with them. I started the FD for tax saving purposes. They do charge some normal annual interest rates of fixed deposit also I had never experienced any difficulty with their services.
      Was this review helpful? 2
      , chennai
      Reviewed on May 21, 2018
    • HDFC Bank Fixed Deposit
      "Good Service"
      0.5 4.0/5 "Great!"
      I've a fixed deposit with the HDFC bank for 1 Lakh, they offered an annual interest rate of 9.5% annual. They also offers special rates for Senior Citizen. Apart from the fixed deposit I hardly use the account. Overall their banking services are good.
      Was this review helpful? 2
      , chennai
      Reviewed on May 17, 2018
    • Axis Bank Fixed Deposit
      "Good service"
      0.5 4.0/5 "Great!"
      I have a Fixed Deposit with AXIS bank from last 3 months, i am happy with the service they provide. I get good returns on investments. Customer service was very good, they gave all the right information and guided me well. I will get 6.99% on returns after the maturity period.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on May 08, 2018
    • SBI Fixed Deposit
      "Average"
      0.5 3.0/5 "Satisfactory"
      State Bank Of India fixed deposit service is good. But I am not much comfortable with State Bank Of India process. State Bank Of Indiaonline portal is good, even the payments are through online. It was an average service from Sbi fixed deposit service.
      Was this review helpful? 1
      , pune
      Reviewed on Apr 25, 2018
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