Fixed deposits

Fixed deposits, explained before you invest

Besides banks, many well-known companies and NBFCs accept fixed deposits. They pay a fixed rate of interest for a fixed term. Because they are not bank deposits, the issuer and its credit rating matter, and we walk you through both.

Ask us about this

A glass jar of saved coins on a wooden table

Is this right for you?

You want a fixed, predictable interest income
You are retired or close to it and value stability
You want to balance market-linked investments with fixed ones

Good to know

Corporate deposits are rated by agencies such as CRISIL, ICRA and CARE
Bank deposits are insured by DICGC up to Rs. 5 lakh per bank; company deposits are not
Interest is taxed at your income-tax slab rate
Withdrawing before maturity can carry a penalty

How we help

What working with us looks like

Compare issuers
We look at the company, its credit rating and its track record.
Choose the payout
Monthly, quarterly or yearly interest, or let it grow until maturity.
Plan maturities
Spreading deposits across dates keeps money available when you need it.

Questions

Common questions

Something else on your mind? Ask us on WhatsApp.

How is a company FD different from a bank FD?

Both pay fixed interest for a fixed term. A company FD depends on that company’s ability to repay, so its credit rating is important, and it is not covered by bank deposit insurance.

Can I get monthly interest?

Yes. Most deposits offer a non-cumulative option that pays interest monthly, quarterly or yearly, or a cumulative option that pays everything at maturity.

What does the credit rating mean?

It is an independent opinion on how safely the issuer can repay. AAA is the highest. A higher rating usually comes with a lower interest rate.