Earn more with Fixed Deposit

Deposit your surplus money for a period of 1 year to 10 years and receive safe and guaranteed returns on your investment. Also, save tax by investing in tax saving FDs

Let your money work for you
Thank you for Showing Interest in Saving Tax. Our Advisor will get back to you shortly.


A fixed deposit is beneficial for tax purposes when you invest in a tax saving FD schemes. Check out few best options below.

Bajaj Finance
Minimum Investment
  • %
  • %
  • %

Calculate your FD

  • Monthly
  • Quaterly
  • Half Yearly
  • Yearly
  • At Maturity
  • {{investmentAmt | INR}}
  • {{maturity | INR}}
  • {{total | INR}}

Benefits of FD

  • FD can be used as collateral for taking loans. You can take up to 80-90% loans on your FD amount
  • The depositor can choose to transfer the amount at the time of maturity for a further Fixed Deposit.
  • The money can be deposited only once. Once deposited, withdrawal of money from the account will accrue a penalty.
  • FD schemes are good investment tools for those who have surplus funds and want to earn money from it.

Tax Benefits on FD

Similar to other personal tax-saving and investment instruments, Fixed Deposits schemes also attract taxes. A TDS of 10% is deducted on the returns accrued from an FD if the total interest exceeds Rs. 10,000 in a single financial year.

Let’s compare this to the SIP scheme and you can see that SIPs are more beneficial for the long term. Since long-term gains from equity are tax-free, any SIP which invests in ELSS (Equity Linked Mutual Funds) is also tax-free after one year.