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), and how do they work?
A Fixed Deposit (FD), also known as a term deposit, is a popular financial instrument offered by banks and Non-Banking Financial Companies (NBFCs). It allow...
Thu, 13 Mar, 2025 at 12:58 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, 6 Dec, 2024 at 12:59 PM
Is it safe to invest in Fixed Deposits through Upstox?
A) Direct Investment & Withdrawals All investments made through Upstox go directly to the FD provider. Withdrawals are conveniently credited to the s...
Thu, 13 Mar, 2025 at 2:19 PM
What happens when my FD matures?
Once your Fixed Deposit (FD) matures, the FD provider will credit the maturity amount directly to the same bank account used for the investment. This proc...
Thu, 13 Mar, 2025 at 2:24 PM
Can I withdraw my FD before maturity? What are the consequences?
Exiting a Fixed Deposit (FD) before maturity usually incurs penalties, which can reduce your interest earnings. Banks may charge a premature withdrawal fee ...
Thu, 13 Mar, 2025 at 3:12 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...
Thu, 13 Mar, 2025 at 2:53 PM
When will I receive my Fixed Deposit Receipt (FDR)?
Once your FD booking is completed, you will receive an FD receipt via email, usually within 3 business days. This receipt serves as proof of your FD investm...
Thu, 13 Mar, 2025 at 2:56 PM
What if FD interest rates go up or down after I invest?
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, 13 Mar, 2025 at 2:59 PM
How do I break my Fixed Deposit before maturity on Upstox?
You can break your Fixed Deposit (FD) before maturity after the lock-in period ends. However, early withdrawal usually incurs penalties, leading to lower in...
Thu, 13 Mar, 2025 at 3:13 PM
Non-Cumulative vs. Cumulative Fixed Deposits – What’s the difference?
Non-Cumulative Fixed Deposits: Interest is paid out at regular intervals, which can be monthly, quarterly, half-yearly, or yearly, depending on the chosen p...
Thu, 13 Mar, 2025 at 3:19 PM