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 ...
Fri, 27 Oct, 2023 at 2:59 PM
Why choose NBFC FDs over traditional bank FDs?
While NBFC FDs (Non-Banking Financial Company Fixed Deposits) offer certain advantages, it's essential to assess your financial goals and choose the rig...
Fri, 27 Oct, 2023 at 2:58 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...
Fri, 27 Oct, 2023 at 2:58 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.
Fri, 27 Oct, 2023 at 2:58 PM
When will I receive my FD receipt (FDR)?
Once your FD booking is completed, you will receive an FD receipt in your email. This will be a proof of your FD Investment and will have all the relevant d...
Fri, 27 Oct, 2023 at 2:58 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...
Fri, 27 Oct, 2023 at 2:59 PM
Under what regulations, the fixed deposits accepted by NBFCs are governed?
Public fixed deposit schemes of NBFCs are regulated by the Reserve Bank of India under the Non-Banking Financial Companies Acceptance of Public Deposits (Re...
Fri, 27 Oct, 2023 at 3:00 PM
When will the TDS be applicable on my NBFCs FD Investment?
TDS is applicable for non-bank FD schemes when the annual interest exceeds ₹5,000. In such cases, income tax is deducted at source.
Fri, 27 Oct, 2023 at 3:00 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...
Fri, 27 Oct, 2023 at 3:01 PM