Fixed Deposit
Secure your savings and earn guaranteed returns with our reliable Fixed Deposit service.
Fixed Deposit Scheme
Our Partners
We engage in fixed deposits with esteemed firms like Shriram Finance Ltd, Bajaj Finance Ltd, and Cent Bank Housing Finance Ltd . We have established a convenient online platform for direct investments in Bajaj Finance, enabling customers to easily engage and invest. To Invest in Shriram Finance Ltd and Cent Bank Housing Finance Ltd please contact us. We will guide you about the process.
About Our Service
The term "fixed deposit" (FD) refers to a type of investment provided by banks and other financial institutions in which a person deposits a certain amount of money for a predetermined length of time at a fixed interest rate. It's also referred to as a term deposit.
In a fixed deposit, the principal amount is locked in place for the predetermined period of time, and the interest rate is constant. The depositor receives both the principal amount and the interest earned at the conclusion of the term. The interest can either be distributed on a regular basis (monthly, quarterly, or annually) or it can be compounded and distributed at the end of the term.
Because they provide guaranteed returns, FDs are regarded as safe and low-risk investment solutions. Fixed Deposits are popular with cautious investors looking for steady returns without exposing their money to market fluctuations because their interest rates are often greater than those offered by standard savings accounts. FDs have a variable term that can range from a few months to several years, giving investors flexibility according on their financial objectives and liquidity requirements
Individuals, senior persons, and even organisations frequently use fixed deposits to protect their capital, generate interest income, and achieve financial stability. To maximise returns on investment, it is crucial to compare the interest rates and terms provided by several banks or financial organisations before selecting a fixed deposit.
Types of Fixed Deposits
Normal Fixed Deposits
Tax-Saving Fixed Deposits
Senior Citizen Fixed Deposits
NRI Fixed Deposits
Cumulative/Non-Cumulative Fixed Deposits
Flexi Fixed Deposits
Features of Fixed Deposits Account
Safer than other forms of investment.
Allows you to earn interest over a predetermined time period.
Up to 10 years of flexible terms.
There is no maximum deposit limit.
Senior citizen rates are higher.
Eligibility Criteria for fixed Deposit
The people on the list below are qualified to create a fixed deposit account in India:
Individuals
Anyone can invest in FDs, whether they are residents or non-residents. This comprises professionals, older citizens, salaried workers, independent contractors, self-employed people, and juveniles (with parental supervision).
Hindu Undivided Family (HUF)
An HUF may also purchase fixed-income securities.
Partnership Firms
As part of their investment portfolio, partnership firms may purchase FDs.
Corporations
Surplus cash can be parked in FDs by public and private limited corporations.
Trusts and Societies
FDs are investable by registered trusts, non-profit organisations, and societies.
Non-Resident Indians (NRIs)
Under certain criteria and rules, NRIs may invest in some types of FDs offered by authorised banks.
Send Enquiry
Send Enquiry
Why Invest in Fixed Deposits?
Predictable and Fixed Returns
No matter how the market performs or how the bank's FD rates fluctuate over the term of your Fixed Deposit (FD) account, the interest rate is set when you open the account and stays that way. If you choose a 3-year fixed-rate deposit, for instance, the interest rate will not change until the end of the 3-year term and will be 6% per year. This feature guarantees that you will know exactly how much you will earn at the conclusion of the FD period, much beyond the level of income certainty offered by many other modest saving schemes.
Capital Protection
The Deposit Insurance and Credit Guarantee Corporation (DICGC), a division of the Reserve Bank of India (RBI), provides protection for your money when you invest in fixed deposits with scheduled banks. This deposit insurance programme protects different bank deposits, such as fixed deposits, savings accounts, recurring deposits, and current accounts, up to a cap of Rs 5 lakh per bank, per depositor, in the unfortunate case of a bank failure. This guarantees that your money is protected, giving you confidence and ensuring the security of your assets.
Section 80C Tax Deduction
There are many banks and Non-Banking Financial Companies (NBFCs) that provide fixed deposit (FD) programmes with 5-year lock-in periods that save on taxes. Under Section 80C of the Income Tax Act, the invested principal amount, up to Rs 1.5 lakh every financial year, may be deducted from taxes. It is crucial to remember that the interest component of the FD is subject to taxation based on the applicable tax bracket of the depositor. Because of this, it is a good alternative for tax planning because it lowers taxable income and guarantees constant growth of funds over the investment period.
Loan against Fixed Deposit (FD)
Fixed depositors benefit from being able to use their FDs as collateral for loans. These financing options, also referred to as "loans against FD," are frequently provided as overdraft capabilities. The amount of the Fixed Deposit pledged as collateral determines the credit limit for such loans. Being that interest is only applied to the amount withdrawn, it is a cost-efficient method of borrowing. Additionally, throughout the loan term, the depositor continues to receive interest on the FD that has been committed.
Credit Card against Fixed Deposit
People with little or no credit history might use their fixed deposits to get secured credit cards. These secured cards operate like ordinary credit cards, and all purchases made with them are reported to credit agencies. People can successfully develop or improve their credit ratings by utilising secured credit cards properly.
Why Choose FilingMan
For Fixed Deposit?
FilingMan offers a hassle-free and trustworthy Fixed Deposit service that ensures your hard-earned money is invested in secure and reputable financial institutions. Our dedicated team guides you through the process, helping you select the right Fixed Deposit option that aligns with your financial goals and risk appetite. With FilingMan, you can enjoy the peace of mind that comes from knowing your funds are in safe hands, earning competitive interest rates and guaranteed returns.
What distinguishes FilingMan is our commitment to personalized service and financial expertise. We provide a seamless experience, handling all administrative aspects and paperwork, so you can focus on what matters most. Our thorough research and market insights enable us to recommend Fixed Deposit options that offer the best rates and terms. By choosing FilingMan, you make a prudent choice to grow your savings securely, backed by our dedication to transparency, convenience, and your financial well-being.
