Secure Savings. Stable Growth.
Fixed Deposits (FDs) continue to be one of the most preferred savings instruments for individuals seeking stability, predictable returns, and capital preservation. Whether you are saving for a future milestone or setting aside money for emergencies, SIFPE helps you explore Fixed Deposit options and provides end-to-end assistance throughout the application process.
We are currently providing information and application assistance for Fixed Deposits. Online booking through the SIFPE platform will be introduced in a future release.
Why Consider Fixed Deposits?
Designed for individuals who prefer preserving their invested amount while earning fixed returns over a chosen tenure.
Interest rates are generally fixed at the time of booking, making future maturity values easier to estimate.
Choose investment periods ranging from short-term deposits to long-term savings, depending on your financial objectives.
Select cumulative or periodic interest payout options, subject to the terms offered by the issuing institution.
Certain Fixed Deposits may qualify for tax benefits under applicable provisions of the Income Tax Act.
Many banks and financial institutions offer enhanced interest rates for eligible senior citizens.
Who Can Consider a Fixed Deposit?
Suitable for individuals who value stability and predictable outcomes for a portion of their savings.
- Prefer relatively stable investment options
- Wish to preserve capital
- Want predictable maturity values
- Are building an emergency reserve
- Are planning for short-term financial requirements
- Want to diversify their overall financial portfolio
Types of Fixed Deposits
A traditional Fixed Deposit offering fixed returns over a selected tenure.
A Fixed Deposit with a mandatory lock in period that may offer tax benefits under prevailing regulations.
Designed specifically for eligible senior citizens with institution-specific benefits.
Interest is compounded during the investment period and paid along with the principal at maturity.
Interest is paid periodically based on the selected payout frequency.
Issued by eligible companies and may offer comparatively higher returns. Investors should understand the associated risks before investing.
How the Process Works
- 1Share your Fixed Deposit requirement with us.
- 2Our team understands your investment preferences and required tenure.
- 3We help you compare available Fixed Deposit options offered by participating institutions.
- 4You select the option that best meets your requirements.
- 5Our team assists you with the documentation and application process.
- 6Your application is submitted to the respective financial institution for processing.
Compare Fixed Deposit Features
| Feature | Bank Fixed Deposit | Corporate Fixed Deposit |
|---|---|---|
| Capital Safety | Generally considered relatively stable | Varies by issuer, assess credit profile |
| Return Potential | Institution defined fixed rates | May offer comparatively higher rates |
| Liquidity | Premature withdrawal usually allowed | Terms vary by issuer |
| Premature Withdrawal | Subject to bank's policy and penalty | Subject to company's policy and lock in |
| Tax Saving Availability | Available via 5 year tax saver FD | Generally not applicable |
| Suitable Investment Horizon | Short to long term | Typically short to medium term |
Interest rates available upon enquiry.
Fixed Deposit Calculator
Estimate potential maturity values for illustration purposes. Actual returns depend on the terms offered by the issuing institution.
The calculator is intended only for illustration purposes. Actual returns depend on the terms offered by the issuing institution.
Why Choose SIFPE?
Explore multiple financial solutions from a single platform.
Access important information about various Fixed Deposit options available through participating institutions.
Our team assists you through the application and documentation process.
Whether you are planning for education, retirement, marriage, or emergency savings, Fixed Deposits can form part of your overall financial planning.
Receive timely assistance throughout your investment journey.
Our team helps make the application process smooth and convenient.
Online Fixed Deposit Booking
We are currently providing information and application assistance for Fixed Deposits. Online Fixed Deposit investment through the SIFPE platform will be introduced in a future release. Until then, our team will assist you with the application process and help you explore suitable Fixed Deposit options from participating institutions.
Frequently Asked Questions
Looking to Open a Fixed Deposit?
Our team is here to help you understand the available options, explain the application process, and assist you with the required documentation.
Fixed Deposits are offered by banks and eligible financial institutions. Interest rates, tenure, premature withdrawal conditions, taxation, and other terms are determined by the respective institution and may change from time to time.
SIFPE currently provides product information and application assistance for Fixed Deposits. Online Fixed Deposit booking through the SIFPE platform will be made available in a future release, subject to applicable business arrangements and regulatory requirements.