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How to Open Fixed Deposit FD Online 2026
Open FD online from any bank. ₹1,000+ deposit, 7-8% interest. Senior citizens get 0.50% extra.
📁 Banking
⏱️ 10-15 mins
💰 Min ₹1,000-10,000
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About This Guide
Fixed Deposit (FD) lump sum savings with guaranteed returns. Min ₹1,000-₹10,000 (varies by bank). Interest 6-8% (varies by tenure + bank). Senior citizens get 0.50% extra. Tenure 7 days to 10 years. Premature withdrawal allowed (penalty 0.5-1%). TDS if interest > ₹40K (₹50K senior).
Eligibility Criteria
- Indian resident 18+
- Savings account at same bank
- Min ₹1,000-₹10,000
- PAN for TDS exemption Form 15G/H
- Senior 60+ for 0.50% bonus
Documents Required
Keep these documents ready before starting application. Missing documents = delayed approval.
- Aadhaar (KYC done)
- PAN
- Existing savings account
- Lump sum amount
- Form 15G/H if want to avoid TDS
Step-by-Step Application Process
Follow these steps in order. Each step is critical - skip none.
Login Net Banking
Your bank.
Open FD
Investments → Open Fixed Deposit.
Choose Amount
Min ₹1,000-₹10K. Max as per balance.
Choose Tenure
7 days to 10 years. Best rates: 1-3 years typically.
Interest Payout
Cumulative (compound) or quarterly/monthly payout.
Maturity Instructions
Auto-renew or credit principal+interest.
Form 15G/H
Submit to avoid 10% TDS if eligible.
Confirm
FD receipt generated.
Track Online
Net banking shows accumulated value.
Key Benefits
- Guaranteed returns
- 6-8% interest
- Senior citizens +0.50%
- DICGC insurance up to ₹5L
- Loan against FD up to 90%
- Tenure flexibility
- Premature withdrawal allowed
- Section 80C (5-year tax-saver FD)
What Happens After Application?
FD locked till maturity. Interest credited per chosen mode. At maturity: principal + interest credited or auto-renewed.
Frequently Asked Questions
FD vs RD?
FD: lump sum, higher interest. RD: monthly, slightly lower. Both safe.
Tax-saver FD?
5-year tenure FD with Section 80C deduction (₹1.5L). 6-7% interest. Premature withdrawal NOT allowed.
Premature withdrawal?
Allowed (except tax-saver). Penalty 0.5-1% on interest. Total interest reduced.