Financial FAQs for Fixed Deposit

If a loan against a Fixed Deposit (FD) is not repaid, the financial institution follows a specific process to recover the outstanding amount:

To claim the Fixed Deposit (FD) amount after the depositor's death, follow these steps:

Investing in a Fixed Deposit (FD) involves the following steps:

Choose a Financial Institution:

Research different financial institutions to compare interest rates and terms.

Determine the Deposit Amount and Tenure:

Decide on the amount to invest and the duration of the FD. This can range from a few days to months and years.

Visit the Institution or Apply Online:

Complete the application process either in person at a branch or through the institution’s website or mobile app.

Fixed Deposit (FD) rates can fluctuate due to several factors: 
Monetary Policy: Changes in central bank policies, such as adjustments to the repo rate, directly influence the FD rates set by financial institutions. 
Inflation Rates: To counteract inflation, financial institutions may offer higher FD rates. Conversely, lower inflation can lead to reduced rates.