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Fixed Deposit FAQs

Understand fixed deposits better with our comprehensive FAQs. Get clear, precise information to make informed investment decisions.

Yes, premature withdrawal before the full term of a fixed deposit (FD) reduces the total earnings on the investment.
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Fixed deposits (FDs) can typically be held in multiple numbers depending on your financial institution's policies and your personal financial goals.
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While senior citizens typically enjoy higher interest rates on retail fixed deposits up to a certain threshold amount, this additional benefit may not automatically apply to bulk fixed deposits above a certain value.
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There are a few convenient ways to find out the fixed deposit (FD) balance every month:
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Yes, minors can have fixed deposit (FD) accounts opened in their name.
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Yes, you can receive monthly interest payouts on your fixed deposit (FD) account.
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It is typically possible for a senior citizen to open a fixed deposit account jointly with another person who is not a senior citizen.
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