Can I Deposit 10 Lakhs in FD?

Yes, you can typically deposit 10 lakhs in a Fixed Deposit (FD). However, there might be specific limits or requirements set by financial institutions or government regulations. These can include:

• Financial institution's limitations: Some financial institutions may have maximum deposit limits for individual accounts.
• Government regulations: There might be regulations limiting the amount you can deposit without providing additional documentation.
• Interest rate slabs: Higher interest rates may apply to deposits above a certain threshold.

To get accurate information and understand any specific limits or requirements, it's recommended to contact your preferred financial institution or check their website.