Is there a limit to the amount of FD investment?

While there's generally no upper limit imposed by the Reserve Bank of India (RBI) on the amount you can invest in a fixed deposit (FD), financial institutions like banks and non-banking financial companies (NBFCs) may have their own internal policies or operational limits regarding the maximum amount allowed per FD account.

• Most financial institutions do not impose an upper limit on the amount you can invest in a Fixed Deposit. You can deposit ₹20 lakh, ₹50 lakh, or even more, depending on your investment capacity.
• Senior citizens and female investors are generally eligible for higher interest rates, even for large FD amounts.
• When you make an FD investment, you will be required to submit income proof documents and KYC documents (Know Your Customer), such as proof of identity, address, and PAN card.