Fixed Deposits (FDs) on Jiraaf app
Earn higher-than-inflation returns up to 9.1%* & build wealth in a safer way
Secured
Insured up to ₹5 Lakh by RBI’s subsidiary, DICGC
Start small
Start with a minimum investment of ₹1000
* T&C Apply
What makes our FDs stand out?
Inflation-beating returns
Get steady growth of up to 9.1%
Flexible tenures
Choose from a few months to multiple years
Multiple payout options
Get monthly/ semi-annual/ bi-annual payouts
Auto-renewal
Never miss out on interest - Your FD renews automatically if you set it up for renewal
Hedge against market volatility
Secure your investment and don't let the market erode your returns
Now is the right time to
invest in FDs
Choose an FD of your choice
Utkarsh Small Finance Bank
Returns upto
8.5% p.a
Suryoday Small Finance Bank
Returns upto
8.6% p.a
Shivalik SF Bank
Returns upto
8.2% p.a
North East SF Bank
Returns upto
8.75% p.a
Shriram Finance
Returns upto
8.09% p.a
Bajaj Finance
Returns upto
8.15% p.a
South Indian Bank
Returns upto
7.25% p.a
FD returns calculator
Key in details like investment amount, interest rate and tenure to calculate your maturity amount
Total investment
₹
₹1 k
₹1 Cr
Rate of interest (p.a)
%
1 %
12 %
Time period
years
1 year
25 years
Total invested
₹10,00,000
Estimated returns
₹0
Total amount
₹0
Disclaimer: For calculation purposes, we assume that the interest on your Fixed Deposit is compounded quarterly.
Your corpus after 4 years will be
₹0
with an investment of ₹10,00,000 at 9.5% rate of return
Fixed Deposit
application process
01
Step 1
Log in to your account and select an FD of your choice
02
Step 2
Enter your investment details including amount, tenure and nominee details
03
Step 3
Complete your KYC journey and review your inputs
04
Step 4
Transfer the amount and complete the application process
How to Pick the Right FD?
Interest Rates
Longer tenure typically leads to higher interest rates. However, different banks and NBFCs offer different rates. Compare rates in the market to seal the best deal.
Tenure
Choose a tenure that matches your financial goal and liquidity needs. Check on premature withdrawal features and associated penalties.
Credibility of the institution
Ensure the financial institution offering the FD is credible and safe.
Tax Implications
Assess your post-tax returns. Interest earned on FDs is taxable. Some FDs like tax-saving FDs offer benefits.
Compare our FD rates with the FDs in the market
| Bank |  Axis Bank |  Bandhan Bank |  Bank of Baroda |  Central Bank of India |  HDFC Bank |  ICICI Bank |  IDBI Bank |  IDFC FIRST Bank |  IndusInd Bank |  Karnataka Bank |  Kotak Mahindra Bank |  Punjab National Bank |  RBL Bank |  South Indian Bank |  State Bank of India |  Tamilnadu Mercantile Bank |  UCO Bank |  Union Bank of India |  YES Bank |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest rate for general citizen (1Y) | 6.70% p.a. | 8.05% p.a. | 6.85% p.a. | 6.85% p.a. | 6.60% p.a. | 6.70% p.a. | 6.50% p.a. | 6.50% p.a. | 7.25% p.a. | 6.50% p.a. | 7.00% p.a. | 6.70% p.a. | 7.50% p.a. | 6.80% p.a. | 6.75% p.a. | 6.50% p.a. | 6.30% p.a. | 6.40% p.a. | 7.25% p.a. |
| Interest rate for general citizen (3Y) | 7.25% p.a. | 7.25% p.a. | 7.15% p.a. | 7.25% p.a. | 7.35% p.a. | 7.25% p.a. | 7.00% p.a. | 7.90% p.a. | 7.99% p.a. | 7.50% p.a. | 7.40% p.a. | 7.25% p.a. | 7.80% p.a. | 7.00% p.a. | 7.00% p.a. | 7.50% p.a. | 7.05% p.a. | 7.30% p.a. | 8.00% p.a. |
Data as of Feb 2025. Rates are subjected to change with bank discretion
Note: Senior Citizens get slightly higher interest rates ranging between 0.25% -0.50% p.a. depending on the FD tenure.
FAQs
What is a Fixed Deposit and how does it work?
A fixed deposit allows you to invest a lump sum for a predetermined period at a fixed interest rate. The interest earned on your deposit compounds over time, and at maturity, you receive both the principal and interest. You can get FDs from banks and financial institutions as a low-risk investment option, to achieve your financial goals with certainty and safety.
Is an FD right for your portfolio?
Every investment asset has a different role to play in your portfolio. FDs provide guaranteed returns with minimal risk. They help preserve your capital and even grow it in volatile markets, offering liquidity and predictable interest. Large bank FDs might not always beat inflation, but they can be used conveniently for short-term goals or to build emergency funds or to cushion your portfolio from volatility. FDs from small banks and NBFCs can even help you beat inflation.
Is KYC mandatory for opening a Fixed Deposit?
Yes, KYC is mandatory for opening a Fixed Deposit account to comply with regulatory requirements and ensure the authenticity of the account holder.
What documents are required for KYC in Fixed Deposits?
You need to provide proof of identity (e.g., Aadhaar card, PAN card), proof of address (e.g., utility bill, passport), and proof of date of birth.
Can an FD be withdrawn partially and are there any charges for early withdrawals?
Most banks permit partial withdrawals from Fixed Deposits (FDs), but the terms can vary. You might face penalties, which could reduce the applicable interest rate. Some banks offer special FDs that do not have withdrawal penalties after a lock-in period. If you need liquidity, consider options like Flexi FDs or laddering your deposits. Always check the withdrawal rules before investing to avoid unexpected charges or losses.
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For any help related to your KYC, investments or account related support, please write to 
[email protected]
[email protected]Disclaimer: Investments in debt securities/municipal debt securities/securitised debt instruments are subject to risks including delay and/ or default in payment. Read all the offer related documents carefully.
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