Fixed Deposits (FD)
Fixed Deposits are deposit instruments offered by banks and eligible financial institutions, where a fixed amount is invested for a specified tenure at a predetermined interest rate.
FDs are commonly considered by investors seeking defined interest rates and fixed maturity periods.
Interest up to 8% p.a.
Why Consider Fixed Deposits?
- Predetermined interest rate for the chosen tenure
- Defined maturity date
- Option of cumulative or periodic interest payout
- Senior citizen interest rate benefits (as applicable)
Types of Fixed Deposits
Regular Fixed Deposits
Standard FDs with tenure options as offered by the issuing institution.
Tax-saving Fixed Deposits
5-year lock-in deposits are eligible for deduction under Section 80C (as per applicable tax regime).
Senior Citizen Fixed Deposits
FDs offering additional interest rates, subject to the institution's terms.
How Fixed Deposits Work
Fixed Interest Rate
The interest rate remains fixed for the selected tenure.
Tenure Selection
Investors choose a duration as per their liquidity preference.
Low to Zero Risk
FDs are one of the safest investment options.
Premature Withdrawal
Allowed as per institution rules, generally with a penalty.
Loan against FD
Loan facility may be available, subject to bank/NBFC terms.
Nomination Facility
Nominee registration available as per regulatory guidelines.
Security You Can Trust
Important Note
Interest rates vary by institution and tenure. Capital safety depends on the issuing bank/NBFC and applicable regulations. Investors should review terms and conditions before investing.
Fixed Deposits are subject to the terms and conditions of the issuing institution. Interest rates and returns are determined by the respective issuer. MAkNc Financial Services Pvt. Ltd. facilitates access to such products and does not guarantee any returns.
