Earn more with Fixed Deposit

Deposit your surplus money for a period of 1 year to 10 years and receive safe and guaranteed returns on your investment. Also, save tax by investing in tax saving FDs

Let your money work for you

FD SCHEMES

A fixed deposit is beneficial for tax purposes when you invest in a tax saving FD schemes. Check out few best options below.

Bajaj Finance
Minimum Investment
Rs. 15,000
Returns :
1 Year
%
2 Year
%
3 Year
%

CALCULATE YOUR FD

DEPOSIT AMOUNT
RATE OF INTEREST
NO OF MONTHS
INTEREST PAYOUT
  • Monthly
  • Quaterly
  • Half Yearly
  • Yearly
  • At Maturity
Deposit Amount
Rs 1,000
Maturity Amount
Rs 0
Total Interest
Rs 0

BENEFITS OF FD

  • FD can be used as collateral for taking loans. You can take up to 80-90% loans on your FD amount
  • The depositor can choose to transfer the amount at the time of maturity for a further Fixed Deposit.
  • The money can be deposited only once. Once deposited, withdrawal of money from the account will accrue a penalty.
  • FD schemes are good investment tools for those who have surplus funds and want to earn money from it.

TAX BENEFITS ON FD

Similar to other personal tax-saving and investment instruments, Fixed Deposits schemes also attract taxes. A TDS of 10% is deducted on the returns accrued from an FD if the total interest exceeds Rs. 10,000 in a single financial year.

Let’s compare this to the SIP scheme and you can see that SIPs are more beneficial for the long term. Since long-term gains from equity are tax-free, any SIP which invests in ELSS (Equity Linked Mutual Funds) is also tax-free after one year.

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Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing. Past performance is not indicative of future returns. Portfolio returns and allocation between equity and debt are estimated based on a number of factors including the user's risk profile, goal horizon and disclosed financial position. Performance of any investment portfolio can neither be predicted nor guaranteed.

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