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Explore Fixed Deposits

Fixed Deposit

Secure your future with India's most trusted investment option.

Family and coins
Higher Rates for Seniors

Guaranteed Returns

Plan your future with confidence.

Higher Rates for Seniors

Flexible Interest Payout

Get money as per your needs.

Higher Rates for Seniors

Compounding Interest

Enjoy the magic of compounding.

Higher Rates for Seniors

Higher Rates for Seniors

Senior Citizens get better rates.

Investments Savings

WHAT IS A FIXED DEPOSIT?

A Fixed Deposit (FD) is a safe investment option where you can deposit a sum of money for a fixed tenure to earn higher interest rates compared to a regular savings account. It’s a secure and no-stress way to grow your money, offering guaranteed returns. You can choose the tenure and decide how you want to receive the interest periodically or at maturity. Whether you’re a first-time saver or an experienced investor, a Fixed Deposit is a reliable option to meet your financial goals.

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Earn guaranteed returns on your savings
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Flexible Tenures Available
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Higher Interest Rates for Senior Citizens

Investments involve committing money to various financial instruments or assets with the goal of earning a return over time. Investments are typically made for medium to long-term financial growth and can range from low-risk options, like bonds, to high-risk opportunities, like stocks or cryptocurrencies.

Examples of investments include purchasing shares in a company to earn dividends or buying real estate for rental income. Investing is ideal for those looking to grow their money significantly over time, but it requires understanding market risks and having a clear financial strategy.

Savings, on the other hand, refer to the act of setting aside money for short-term needs or emergencies. Savings are typically kept in safe and low-risk instruments like savings accounts, fixed deposits, or recurring deposits. The primary goal of savings is to ensure financial security and liquidity.

The main difference between investments and savings is their purpose and risk. While savings focus on preserving capital and ensuring easy access to funds, investments aim to generate wealth by taking calculated risks. A healthy financial plan balances both savings and investments to meet immediate needs and achieve long-term goals.

In conclusion, understanding the balance between savings and investments is crucial for financial well-being. Savings provide a safety net for emergencies, while investments grow wealth over time. Together, they help individuals achieve both security and prosperity in their financial journey.

Why Choose Fixed Deposits for Your Savings?

Fixed Deposits (FDs) are a safe and reliable investment option that guarantees returns. With flexible tenures and the ability to choose periodic or maturity payouts, FDs help you achieve your financial goals with peace of mind.

Benefits of Fixed Deposits

  • Higher Rates for Seniors
    Higher Returns
    Assured Returns - No matter how interest rates move or the economy performs, you will get the returns fixed at the time of investing.
  • Higher Rates for Seniors
    Faster Growth with Compound Interest
    You earn interest on the interest amount too, helping you accumulate a big amount with ease.
  • Higher Rates for Seniors
    Higher Returns for Senior Citizens
    Senior citizens can earn more from their life's savings and move closer to a no-compromise retired life.
  • Higher Rates for Seniors
    Flexibility in Choosing Maturity Terms
    FDs offer the flexibility to select different maturity terms, aligning your investment with your financial goals.
  • Higher Rates for Seniors
    Auto-Renewal Option
    Auto-renewal options let you continue your FD without additional formalities at maturity.
Benefits of Fixed Deposits
FD Interest Rates
AMOUNT DEPOSITS (IN RS) YEAR 1 (8.50%) YEAR 2 (9%) YEAR 3 (9.50%) YEAR 4 (10%) YEAR 5 (10.50%) YEAR 6 (11%) YEAR 7 (11.50%) YEAR 10 (12%)
5,000 425 450 475 500 525 550 575 600
10,000 850 900 950 1,000 1,050 1,100 1,150 1,200
20,000 1,700 1,800 1,900 2,000 2,100 2,200 2,300 2,400
30,000 2,550 2,700 2,850 3,000 3,150 3,300 3,450 3,600
40,000 3,400 3,600 3,800 4,000 4,200 4,400 4,600 4,800
50,000 4,250 4,500 4,750 5,000 5,250 5,500 5,750 6,000
1,00,000 8,500 9,000 9,500 10,000 10,500 11,000 11,500 12,000
2,00,000 17,000 18,000 19,000 20,000 21,000 22,000 23,000 24,000
3,00,000 25,500 27,000 28,500 30,000 31,500 33,000 34,500 36,000
4,00,000 34,000 36,000 38,000 40,000 42,000 44,000 46,000 48,000
5,00,000 & ABOVE 42,500 45,000 47,500 50,000 52,500 55,000 57,500 60,000
FD Growth Planner - Build Wealth with Confidence

Plan Your Investment

Selected Tenure: 24 months (2 years)

Investment Details

Deposit Amount:
Rs. 5000
Maturity Month:
January 2027
Payout on Maturity:
Rs. 850.00
Total Maturity Payout:
Rs. 5850.00

Why Choose Coequal Nidhi?

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Senior Citizen Benefits

Exclusive benefits designed for senior citizens and physically challenged individuals to support their financial goals.

  • Senior Citizens and Physically Challenged can enjoy an increment of 0.5% additional rate of interest on the existing one.
  • Flexible tenure options and high-interest rates.
  • Quarterly interest payouts, if opted for during deposit setup.
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Flexible Tenure Options

Choose deposit terms that best align with your financial goals, ensuring convenience and adaptability.

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Flexible Tenure Options

Accidental Death Compensation

Compensation for Fixed Deposits:

1. 4-7 Years: ₹1 Lakh

2. 10 Years: ₹2 Lakh

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Flexible Tenure Options

Guaranteed High Returns

Enjoy assured returns with interest rates between 8.50% and 12%, even in cases of premature withdrawal.

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Quarterly Interest Payouts

As per the Member requirement interest can be deposited on quarterly basis as well if opted for at the time of Deposit

Frequently Asked Questions About Fixed Deposits

The minimum deposit amount for a Fixed Deposit typically ranges from ₹1,000 to ₹10,000. The maximum limit can vary from ₹1 crore to ₹10 crore or more, depending on the bank's policies.

Fixed Deposit types include Standard FDs, Tax-Saving FDs (5-year lock-in), Cumulative FDs (interest compounded and paid at maturity), Non-Cumulative FDs (interest paid periodically), and Flexi FDs (flexible withdrawals).

Your Fixed Deposit interest rate remains fixed at the time of investment and does not change, even if market rates go up or down. The rate is locked in for the entire tenure of the FD.

Yes, the interest earned on a Fixed Deposit is taxable. It is added to your total income and taxed based on your applicable tax slab. TDS (Tax Deducted at Source) is applicable if interest income exceeds ₹40,000 (₹50,000 for senior citizens).

Yes, you can withdraw your FD prematurely. However, premature withdrawal attracts a penalty, which results in a reduced interest rate compared to the original one.

Penalty for premature withdrawal typically ranges from 0.5% to 1% of the FD interest rate. The exact penalty depends on the bank's policies.

A Loan against Fixed Deposit allows you to borrow money by pledging your FD as collateral. You can borrow up to 90% of your FD value at a lower interest rate compared to personal loans.

Yes, you can renew your Fixed Deposit after its maturity. Most banks offer automatic renewal options, or you can manually choose a different tenure or interest option.