Fixed Deposit: Basics

Fixed Deposit foray by Neesa Group
The good OLD FD

Fixed Deposits have always remained favourite with the investors particularly those who do not that have that high risk appetite. ......

Karnataka Bank launches new term deposit

Karnataka Bank has launched a one-year deposit scheme called KBL-Varsha offering 10.60 percent interest rate, with effect from September 1. ......

Vijaya bank introduces V-Utsav scheme

Vijaya Bank introduced V-Utsav (Gold), a 300-day term deposit scheme offering interest rate of 10.25 per cent per annum. ......

Fixed Deposit: Did you Know

Who is eligible to apply for a fixed deposit account?

Any individual or institution is eligible to apply for the account. ......

How do I apply for an FD account?

You can get a bank FD at any bank. You have to open an FD account with the bank to make the deposit. Some banks may also insist that you maintain a savings account with them to operate an FD account. ......

How will investing in fixed deposits benefit me?

Apart from the fixed rate of return on your FD investment, you can withdraw the FD at any time before maturity without any difficulty. You can also avail loans. ......

Is there a minimum amount that can be deposited into a fixed deposit account?

The minimum deposit amount required for the FD account is Rs. 1,000. There is no fixed multiple or upper limit. ......

Fixed Deposit: News

Karnataka Bank launches new term deposit

Karnataka Bank has launched a one-year deposit scheme called KBL-Varsha offering 10.60 percent interest rate, with effect from September 1. ......

Vijaya bank introduces V-Utsav scheme

Vijaya Bank introduced V-Utsav (Gold), a 300-day term deposit scheme offering interest rate of 10.25 per cent per annum. ......

State Bank of Hyderabad deposit mobilization drive

State Bank of Hyderabad (SBH) has introduced deposit mobilisation campaign Deposit Dhamaka. ......

Union Bank raises deposit rates

Union Bank of India has raised interest rates on term deposits by 25 to 100 basis points, effective August 16, 2008. ......

Fixed Deposit: FAQs

Can I redeem my fixed deposits (FD) before the original term?

Yes, an FD can be closed before its original term. ......

Do senior citizens get any extra benefit on the fixed deposits (FD)?

Yes, senior citizens get higher interest rates on their FDs. ......

Do I have to pay tax deducted at source (TDS) for FDs?

Tax is deducted at source on the interest accrued on FDs as applicable, as per the Income Tax Act, 1961. ......

What is the range of tenure for which I can open an FD account?

You can deposit money for a period as short 15 days to as long as 10 years. ......

Decision-making Corner