Fixed deposits (FDs) - Upstox Help Center

Fixed deposits (FDs)

Fixed deposit (FD) is a common financial instrument that most banks and non-banking financial institutions (NBFCs) offer to their customers. It is also called a 'term deposit.' Customers can invest a specific amount of money through an FD for a specific amount of time at a specific interest rate. You receive your Investment amount at the maturity.

What are Fixed Deposits (FDs)?

Fixed Deposits (FDs) are a common financial instrument offered by most banks and non-banking financial institutions (NBFCs). It is also referred to as a ...
Thu, 14 Dec, 2023 at 5:47 PM

How to Invest in Fixed deposits via Upstox?

Upstox has partnered with various banks to offer fixed deposits. All investments through Upstox go directly to the FD providers, and withdrawals are conveni...
Fri, 5 Apr, 2024 at 2:23 PM

Is Investing in Fixed deposits with Upstox safe?

All investments through Upstox go directly to the FD providers, and the withdrawals are conveniently credited to the same bank account you used for your ini...
Thu, 14 Mar, 2024 at 4:56 PM

What happens after my FD is matured?

After your FD matures, the FD provider will credit your maturity amount directly to the same bank account you used for investment, usually within 3 working ...
Fri, 23 Feb, 2024 at 2:57 PM

What happens when I exit my Fixed Deposit before maturity?

Exiting a fixed deposit before maturity usually incurs penalties, reducing your interest earnings. The bank may charge a premature withdrawal fee and offer ...
Wed, 28 Feb, 2024 at 6:15 PM

How are Fixed deposits taxed?

Interest income from fixed deposits is fully taxable. It is added to your income and gets taxed at the slab rates applicable to your total income. This inc...
Mon, 11 Mar, 2024 at 5:33 PM

When will I receive my FD receipt (FDR)?

Once your FD booking is completed, you will receive an FD receipt in your email usually within 3 business days. This will be a proof of your FD Investment a...
Fri, 23 Feb, 2024 at 2:57 PM

What happens if the prevalent FD rates come down or go up?

There will be no changes to the existing deposits since the money is locked in with the FD provider at a specific rate and for a specified period. Therefore...
Thu, 14 Dec, 2023 at 5:54 PM

How do I break my Fixed Deposit before maturity on Upstox?

You can break your FD before maturity after the end of the lock-in period. Though, exiting a fixed deposit before maturity usually incurs penalties, reducin...
Fri, 5 Apr, 2024 at 2:30 PM

What is the difference between a Non-cumulative Fixed deposit and a Cumulative deposit?

For Non-Cumulative Fixed Deposits, the interest is payable on monthly, quarterly, half yearly and yearly basis. For Cumulative Deposits, the interest is pay...
Thu, 14 Dec, 2023 at 5:57 PM