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Fixed Deposits

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  • Attractive Interest Rates: Offering competitive rates to maximize your returns.
  • Assured Safety: Your investment is safe with us, a company known for its integrity and stability.
  • Flexible Tenure Options: From short-term to long-term, choose a period that suits your financial plan.
  • Easy and Quick Process: Hassle-free account opening with minimal documentation.
  • Customized Solutions: Tailored FD options to meet diverse customer needs, including special schemes for senior citizens.
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What are Fixed Deposits?

Fixed Deposits (FDs) are a popular investment vehicle in India, where money is deposited for a fixed period at a predetermined interest rate. Unlike a savings account, the deposit in an FD remains untouched and accumulates interest over time. The interest rate for FDs is usually higher than that of a regular savings account, making them a lucrative option for those seeking secure and reliable returns.

Benefits of Fixed Deposits in India:

Guaranteed Returns

FDs promise fixed returns, unaffected by market volatility.

Risk-Free Product

FDs are considered one of the safest investment options.

Flexibility in Tenure

You can choose a period ranging from a few days to several years.

Tax Savings Benefit

Tax-saving FDs qualify for deduction under section 80C of the Income Tax.

Frequently Asked Questions (FAQ)

Find expert answers and clarity on all your Fixed Deposit-related questions in our dedicated FAQ section, tailored specifically for SFIC Fiscal Services Pvt Ltd’s Fixed Deposit offerings.

FDs are one of the safest investment forms, especially with reputed institutions like SFIC Fiscal Services Pvt Ltd.

Yes, but it usually comes with a penalty or reduced interest rate.

Interest income is subject to TDS and is taxed as per the individual’s tax slab.

Yes, NRIs can invest in NRE or NRO FDs.

Most banks offer an auto-renew

Types of Fixed Deposits:

  • Regular Fixed Deposits: Offers a standard interest rate, ideal for conservative investors.
  • Tax-Saving Fixed Deposits: Comes with a lock-in period of 5 years and offers tax benefits under Section 80C of the IT Act.
  • Senior Citizen Fixed Deposits: Higher interest rates for individuals above 60 years of age.
  • Cumulative and Non-Cumulative FDs: Choose between reinvesting the interest to compound it or getting regular interest payouts.
  • NRE and NRO FDs: For Non-Resident Indians (NRIs), these accounts help to manage income earned in India and abroad with different tax implications.

Why Do You Need Fixed Deposits?

FDs are an essential part of a balanced investment portfolio. They provide a safety net by guaranteeing returns and protecting your capital. They are especially crucial for those who have a low-risk appetite and require steady and predictable income streams, like retirees. FDs also help in disciplined savings as the money is locked for a certain period.

How to Choose the Best Fixed Deposit ?

  • Research Interest Rates: Look for the best rates but also consider the credibility of the institution.
  • Tenure: Align the FD's maturity with your financial goals.
  • Premature Withdrawal Policy: Understand the implications in case of early withdrawal.
  • Loan Facilities: Check if the institution allows loans against FDs.
  • Special Offers: Sometimes institutions have special offers; keep an eye out for those.
  • Frequency of Interest Payouts: Depending on your needs, choose between cumulative or non-cumulative FDs.
  • Reinvestment Options: Some FDs allow you to reinvest the interest.
  • Tax Implications: Understand the taxability of interest earned on FDs.
  • Penalties for Early Withdrawal: Check the penalties for premature withdrawal.

Myths about Fixed Deposits

  • Fixed Deposits Offer Minimal Returns": While returns on FDs might not match high-risk investments, they provide stability and risk-free income.
  • FDs are Only for the Short-Term": FDs can be a strategic tool for long-term financial planning.
  • Young People Don’t Need FDs": FDs are a great way for young investors to start their investment journey, providing a mix of safety and decent returns.

Looking for an Expert Financial Consultant?

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