Fixed Deposits in India 2025
Fixed Deposits (FDs) are a secure investment option offered by banks and NBFCs in India, allowing you to earn guaranteed returns at fixed interest rates over a chosen tenure. LoanPao partners with over 500 RBI-compliant financial institutions to offer competitive FD schemes tailored to your financial goals.
What is a Fixed Deposit?
A Fixed Deposit is a financial product where you invest a lump sum for a fixed period at a predetermined interest rate. The principal and interest are returned at maturity, making it a low-risk option for wealth creation.
Benefits of Fixed Deposits
FDs offer several advantages for investors:
- Guaranteed Returns: Fixed interest rates ensure predictable earnings.
- Low Risk: FDs are insured up to ₹5 lakh by DICGC, ensuring safety.
- Flexible Tenures: Choose from 7 days to 10 years to match your goals.
- Tax Benefits: Tax-saver FDs (5-year tenure) qualify for deductions under Section 80C.
- Loan Facility: Avail loans up to 90% of FD value as overdraft or emergency funding.
Eligibility Criteria
FDs are accessible to a wide range of investors:
| Criteria | Requirement |
|---|---|
| Eligible Entities | Individuals, HUFs, trusts, companies, NRIs |
| Minimum Age | 18 years (minors can invest via guardians) |
| Minimum Investment | ₹1,000 (varies by institution) |
| KYC Documents | PAN, Aadhaar, or other ID/address proof |
Types of Fixed Deposits
FDs come in various forms to suit different needs:
| FD Type | Purpose | Features |
|---|---|---|
| Regular FD | General savings | Tenure 7 days to 10 years, 4-7.5% p.a. |
| Tax-Saver FD | Tax savings under Section 80C | 5-year lock-in, up to ₹1.5 lakh deduction |
| Senior Citizen FD | Higher returns for seniors | 0.25-0.50% higher rates for 60+ years |
| Flexible FD | Partial withdrawals | Sweep-in/sweep-out facility, variable rates |
| Corporate FD | Higher returns from NBFCs | 6-8% p.a., higher risk than bank FDs |
Interest Rates for Fixed Deposits
FD interest rates in India 2025 vary by institution and tenure:
| Institution Type | Tenure | Interest Rate (p.a.) |
|---|---|---|
| Public Sector Banks | 1-5 years | 5.5-7.0% |
| Private Banks | 1-5 years | 6.0-7.5% |
| NBFCs | 1-5 years | 6.5-8.0% |
| Senior Citizens | 1-5 years | 6.0-8.0% (additional 0.25-0.50%) |
Note: Rates are indicative and subject to change. Use LoanPao’s FD calculator to estimate returns.
How to Open a Fixed Deposit with LoanPao
Follow these steps to invest in an FD:
- Compare FD Schemes: Explore options from 500+ RBI-compliant institutions on LoanPao.
- Check Eligibility: Verify your eligibility and required documents.
- Apply Online: Fill out the application form on our platform.
- Submit KYC: Upload PAN, Aadhaar, or other ID/address proof.
- Deposit Funds: Transfer the investment amount via net banking or other methods.
- Receive FD Receipt: Get confirmation and track your investment.
Why Choose LoanPao for Fixed Deposits?
LoanPao simplifies your FD investment process:
Trusted Partners
Connect with 500+ RBI-compliant banks and NBFCs.
FD Calculator
Estimate returns with our FD calculator.
Secure Process
Safe and transparent application process.