Fixed Deposits
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What is Fixed Deposits?
Fixed Deposits remain one of the most trusted investment instruments for Indian families — offering guaranteed returns, capital safety, and liquidity through premature withdrawal or overdraft facilities. While the basic concept is simple, there is considerable variation in FD interest rates across different types of institutions — from major public sector banks like SBI and Canara Bank, to private sector banks like HDFC and Kotak, and small finance banks like Suryoday, Ujjivan, Jana, and ESAF that frequently offer 50–100 basis points more than larger banks. Corporate FDs from AAA-rated NBFCs like Bajaj Finance and Shriram Finance offer even higher rates. At Right Assets Management, we help you identify the highest-yielding FD options that match your required safety level and tenure. We also advise on laddering your FD portfolio — splitting the corpus across multiple tenures — to balance liquidity needs with maximising returns. Senior citizens typically earn an additional 0.25–0.5% on FDs, and tax-saving FDs with a 5-year lock-in qualify for Section 80C deduction. Our advisors ensure you are not leaving returns on the table by parking your money in low-rate FDs simply out of familiarity.
Who Is This For?
- Conservative investors wanting guaranteed returns without any market risk exposure
- Senior citizens seeking safe, regular income from FD interest payouts with additional senior citizen rate benefits
- Individuals building an emergency fund in a liquid yet return-generating instrument
- Investors wanting to park short-term funds (3–24 months) safely while evaluating longer-term investment opportunities
- Individuals seeking Section 80C tax benefits through 5-year tax-saving FDs
- HNI investors wanting to allocate a portion of their portfolio to risk-free fixed income alongside equities
How We Help — Step by Step
Corpus & Tenure Clarification
We understand the amount you wish to invest, your required tenure, whether you need periodic interest payouts or cumulative growth, and your liquidity needs.
Institution Safety Assessment
We evaluate FD options across public sector banks, private sector banks, small finance banks, and corporate FDs based on credit rating, deposit insurance (DICGC covers up to ₹5 lakh per bank), and institutional stability.
Rate Comparison
We compare current FD rates across 15+ institutions to identify the best available rate for your chosen tenure, including senior citizen rates where applicable.
Laddering Strategy
For larger corpus amounts, we design an FD ladder — splitting the investment across multiple tenures (e.g., 6 months, 1 year, 3 years) to optimise returns while maintaining flexibility.
Account Opening Assistance
We help you open the necessary accounts (if you don't already have one) and guide you through the online or branch-based FD booking process.
Tax Planning
We advise on TDS implications — interest above ₹40,000 per year (₹50,000 for senior citizens) attracts TDS at 10% — and guide you on Form 15G/15H submission where applicable.
Renewal & Reinvestment Advisory
We track your FD maturity dates and advise on whether to renew at the same institution or switch to a better rate option at the time of maturity.
Why Choose Right Assets for Fixed Deposits?
- Access current FD rates from 15+ institutions in one place — no need to visit multiple banks
- Earn significantly higher returns by exploring small finance bank and corporate FD options backed by credit ratings
- Protect your capital with DICGC deposit insurance (up to ₹5 lakh per depositor per bank) on scheduled bank FDs
- Claim Section 80C deductions on 5-year tax-saving FDs (up to ₹1.5 lakh per year)
- Optimise liquidity through a laddered FD portfolio so you always have funds becoming available when needed
- Avoid TDS deductions through proper Form 15G/15H submission guidance for eligible depositors
- Receive timely maturity alerts and reinvestment advice to ensure your money is never sitting idle at low rates
Documents Required
Frequently Asked Questions
Which bank offers the best FD interest rates currently?
FD rates vary by institution and change regularly with RBI rate decisions. As of 2025, small finance banks like Suryoday, Ujjivan, Jana, and ESAF offer rates of 8–9.5% for certain tenures — significantly higher than large banks. Corporate FDs from AAA-rated NBFCs like Bajaj Finance offer competitive rates too. We share current rate comparisons when you consult with us.
Is it safe to invest in small finance bank FDs for higher rates?
Small finance banks are regulated by RBI and their FDs are covered under DICGC deposit insurance up to ₹5 lakh per depositor per bank. For amounts within this limit, they are as safe as any scheduled bank FD. For larger amounts, we recommend spreading across multiple banks to maximise the insurance cover on your deposits.
What is TDS on FD interest and how can I avoid it?
Banks deduct TDS at 10% on FD interest if your total interest income from a bank exceeds ₹40,000 per year (₹50,000 for senior citizens). If your total income is below the taxable threshold, you can submit Form 15G (below 60 years) or Form 15H (senior citizens) to the bank at the start of each financial year to prevent TDS deduction.
What is a tax-saving FD and how does it work?
A tax-saving FD has a mandatory 5-year lock-in period and investments up to ₹1.5 lakh per year qualify for deduction under Section 80C of the Income Tax Act. The interest is taxable in the year it accrues. This FD cannot be broken prematurely. It is suitable for investors in the 20–30% tax bracket who want a risk-free Section 80C option.
What is FD laddering and why is it beneficial?
FD laddering involves splitting your investment across FDs of different maturities — for example, ₹2 lakh for 6 months, ₹2 lakh for 1 year, and ₹2 lakh for 3 years. As each FD matures, you reinvest at the prevailing rate. This strategy ensures regular liquidity while capturing higher interest rates on longer tenures, and avoids locking the entire corpus at a single rate.
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