{"id":19210,"date":"2025-04-09T13:42:08","date_gmt":"2025-04-09T08:12:08","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=19210"},"modified":"2025-04-09T13:42:11","modified_gmt":"2025-04-09T08:12:11","slug":"what-is-fd-in-a-bank-meaning-types-interest-rates","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/","title":{"rendered":"What is FD in a Bank?: Meaning, Types, Interest Rates"},"content":{"rendered":"\n<p><strong>What is FD in Bank: <\/strong>Thinking of saving your money safely while earning interest? A Fixed Deposit, commonly known as FD, might be just what you\u2019re looking for. It\u2019s one of the simplest and most trusted ways to grow your savings without taking any risks.<\/p>\n\n\n\n<p>In this blog, we\u2019ll break down what an FD in a bank is, how it works, and why it\u2019s a popular choice among Indian savers. So, if you are starting your financial journey, this guide will help you understand everything you need to know about Fixed Deposits.<\/p>\n\n\n\n<div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><h2 id=\"table-of-contents\">Table of contents<\/h2><ul><li><a href=\"#h-what-is-fd-in-a-bank\" data-level=\"2\">What is FD in a Bank?<\/a><\/li><li><a href=\"#h-example-of-fixed-deposit\" data-level=\"2\">Example of Fixed Deposit<\/a><\/li><li><a href=\"#h-how-does-an-fd-work-in-a-bank\" data-level=\"2\">How Does an FD Work in a Bank?<\/a><\/li><li><a href=\"#h-what-are-the-benefits-of-fd-in-a-bank\" data-level=\"2\">What are the Benefits of FD in a Bank?<\/a><\/li><li><a href=\"#h-what-is-the-interest-earned-on-an-fd\" data-level=\"2\">What is the Interest Earned on an FD?<\/a><\/li><li><a href=\"#h-what-are-the-types-of-fd-in-a-bank\" data-level=\"2\">What are the Types of FD in a Bank?<\/a><\/li><li><a href=\"#h-difference-between-fixed-deposits-fd-vs-recurring-deposits\" data-level=\"2\">Difference Between Fixed Deposits (FD) vs Recurring Deposits<\/a><\/li><li><a href=\"#h-faqs\" data-level=\"2\">FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-fd-in-a-bank\"><span id=\"what-is-fd-in-a-bank\">What is FD in a Bank?<\/span><\/h2>\n\n\n\n<p>An FD in a bank means <strong>Fixed Deposit<\/strong>. It\u2019s one of the popular <a href=\"https:\/\/fly.finance\/blog\/student-account\/types-of-bank-accounts-in-india\/\"><strong>types of bank accounts in India<\/strong><\/a> that offers a safe way to save money. You deposit a certain amount in the bank for a fixed time, and the bank gives you interest on it.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Full Form of FD in Banking: Fixed Deposit<\/strong><\/p>\n\n\n\n<p>A fixed deposit helps you grow your savings with guaranteed returns. But unlike a regular savings account, you can\u2019t take out the money before the end of the fixed period without paying a small penalty.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-example-of-fixed-deposit\"><span id=\"example-of-fixed-deposit\">Example of Fixed Deposit<\/span><\/h2>\n\n\n\n<p>Let\u2019s take an example to understand how a Fixed Deposit works. Imagine you deposit INR 50,000 in an FD for one year with an interest rate of 7% per year. At the end of the year, you will receive:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>INR 50,000 (the amount you originally deposited)<\/li>\n\n\n\n<li>INR 3,500 (the interest earned over the year)<\/li>\n<\/ul>\n\n\n\n<p>So, by the end of the year, your total amount will be INR 53,500. This return is guaranteed, meaning you\u2019ll get your money back along with the interest, without any risk involved.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-an-fd-work-in-a-bank\"><span id=\"how-does-an-fd-work-in-a-bank\">How Does an FD Work in a Bank?<\/span><\/h2>\n\n\n\n<p>A Fixed Deposit (FD) is a simple and secure way to save your money and earn steady returns. You invest a fixed amount with the bank for a set period, and in return, the bank gives you interest on your deposit. It\u2019s a low-risk option that helps your savings grow without any market ups and downs.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Here\u2019s how a Fixed Deposit works:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You deposit a lump sum amount with the bank for a fixed duration (anywhere from 7 days to 10 years).<br><\/li>\n\n\n\n<li>The bank gives you a fixed interest rate based on the amount and period.<br><\/li>\n\n\n\n<li>You cannot withdraw the money before the maturity date without paying a small penalty.<br><\/li>\n\n\n\n<li>Once the FD matures, you get your original deposit (principal) plus the interest earned.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><a href=\"https:\/\/fly.finance\/blog\/money-transfer\/how-foreign-remittance-works\/\"><strong>How Foreign Remittance Works<\/strong><\/a><strong>? Know How to Remit Money<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-benefits-of-fd-in-a-bank\"><span id=\"what-are-the-benefits-of-fd-in-a-bank\">What are the Benefits of FD in a Bank?<\/span><\/h2>\n\n\n\n<p>Fixed Deposits are a preferred choice for many savers in India, not just because they are simple but also because they offer multiple financial benefits. Whether you&#8217;re planning for short-term goals or looking for a secure long-term investment, an FD can be a reliable option.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Here are the key benefits of having an FD in a bank:<\/strong><\/p>\n\n\n\n<p><strong>Safe and Risk-Free Investment<\/strong><strong><br><\/strong>FDs are not linked to market fluctuations, making them one of the safest investment options. Your money stays protected throughout the tenure.<\/p>\n\n\n\n<p><strong>Guaranteed Returns<\/strong><strong><br><\/strong>The interest rate is fixed at the time of deposit, so you know exactly how much you&#8217;ll earn by the end of the term.<\/p>\n\n\n\n<p><strong>Flexible Tenure Options<\/strong><strong><br><\/strong>You can choose the duration that suits your needs, anywhere from 7 days to 10 years, giving you full control over your investment timeline.<\/p>\n\n\n\n<p><strong>Higher Interest Rates than Savings Accounts<\/strong><strong><br><\/strong>FDs usually offer better interest rates compared to regular savings accounts, which means your money grows faster.<\/p>\n\n\n\n<p><strong>Loan Facility Against FD<\/strong><strong><br><\/strong>Need funds in an emergency? You can get a loan against your FD without breaking it, usually up to 90% of the deposit amount. Many banks offer <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-against-fixed-deposit\/\"><strong>education loans against FD<\/strong><\/a> using fixed deposits as security. This can help students get quick loan approvals without the need for additional collateral.<\/p>\n\n\n\n<p><strong>Tax-saving Options (under Section 80C)<\/strong><strong><br><\/strong>Certain 5-year tax-saving FDs offer deductions of up to INR 1.5 lakh under Section 80C of the Income Tax Act, helping you save on taxes while earning interest.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-interest-earned-on-an-fd\"><span id=\"what-is-the-interest-earned-on-an-fd\">What is the Interest Earned on an FD?<\/span><\/h2>\n\n\n\n<p>The exact interest you earn on a Fixed Deposit (FD) depends on a few key factors, such as the bank you choose, how much you deposit, how long you keep the money invested, and your customer profile.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Here\u2019s what affects the FD interest rate:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The bank offering the FD<\/li>\n\n\n\n<li>Deposit amount<\/li>\n\n\n\n<li>FD tenure (duration)<\/li>\n\n\n\n<li>Customer type (general or senior citizen)<\/li>\n<\/ul>\n\n\n\n<p>On average, most Indian banks offer FD interest rates between <strong>6% to 8% per annum<\/strong>. Senior citizens usually earn an extra <strong>0.25% to 0.75%<\/strong> on their deposits.<\/p>\n\n\n\n<p>Although the <strong>Reserve Bank of India (RBI)<\/strong> does not directly decide FD rates, its monetary policies, like the <strong>repo rate, <\/strong>influence how banks set these rates.&nbsp;<\/p>\n\n\n\n<p>Based on current trends (as of April 2025), many banks have updated their FD rates. Here\u2019s a quick look at the best banks for Fixed Deposits in India offering attractive interest rates:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Bank Name<\/strong><\/td><td><strong>Highest FD Rate for General Public<\/strong><\/td><td><strong>Highest FD Rate for Senior Citizens<\/strong><\/td><td><strong>Tenure for Highest Rate<\/strong><\/td><\/tr><tr><td>HDFC Bank<\/td><td>7.25% (10-21 months)<\/td><td>7.75% (10-21 months)<\/td><td>10-21 months<\/td><\/tr><tr><td>Yes Bank<\/td><td>7.75% (12-24 months)<\/td><td>8.25% (12-24 months)<\/td><td>12-24 months<\/td><\/tr><tr><td>SBI<\/td><td>Not specified<\/td><td>Not specified<\/td><td>Not specified<\/td><\/tr><tr><td>ICICI Bank<\/td><td>Not specified<\/td><td>Not specified<\/td><td>Not specified<\/td><\/tr><tr><td>Axis Bank<\/td><td>Not specified<\/td><td>Not specified<\/td><td>Not specified<\/td><\/tr><tr><td>IndusInd Bank<\/td><td>7.75% (1-2 years)<\/td><td>8.25% (1-2 years)<\/td><td>1-2 years<\/td><\/tr><tr><td>Central Bank of India<\/td><td>7.50%<\/td><td>8.00%<\/td><td>1111 days<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><a href=\"https:\/\/fly.finance\/blog\/student-account\/list-of-small-finance-banks-in-india\/\"><strong>Small Finance Banks<\/strong><\/a> often offer <strong>higher FD interest rates<\/strong> than regular banks. Here are some top offers:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>North East Small Finance Bank<\/strong> \u2013 Up to <strong>9.00% p.a.<\/strong><\/li>\n\n\n\n<li><strong>Unity Small Finance Bank<\/strong> \u2013 Up to <strong>8.60% p.a.<\/strong><\/li>\n\n\n\n<li><strong>Suryoday Small Finance Bank<\/strong> \u2013 Up to <strong>8.60% p.a.<\/strong><\/li>\n\n\n\n<li><strong>Utkarsh Small Finance Bank<\/strong> \u2013 Up to <strong>8.50% p.a.<\/strong><\/li>\n\n\n\n<li><strong>Jana Small Finance Bank<\/strong> \u2013 Up to <strong>8.25% p.a.<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read: <\/strong><a href=\"https:\/\/fly.finance\/blog\/student-account\/au-small-finance-bank-minor-account-types-eligibility-fees\/\"><strong>AU Small Finance Bank Minor Account<\/strong><\/a><strong>: Types, Eligibility, Fees<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-types-of-fd-in-a-bank\"><span id=\"what-are-the-types-of-fd-in-a-bank\">What are the Types of FD in a Bank?<\/span><\/h2>\n\n\n\n<p>Banks offer different types of Fixed Deposits (FDs) to suit different saving needs. Each type comes with its own features, like how you deposit money, how long you keep it, and whether you can save tax on it.<\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Here are the most common types of FDs:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>FD Type<\/strong><\/td><td><strong>What It Means<\/strong><\/td><\/tr><tr><td><strong>Regular FD<\/strong><\/td><td>A basic FD where you deposit a lump sum for a fixed time and get fixed interest.<\/td><\/tr><tr><td><strong>Tax-Saving FD<\/strong><\/td><td>Has a 5-year lock-in and offers tax benefits under Section 80C.<\/td><\/tr><tr><td><strong>Senior Citizen FD<\/strong><\/td><td>Special FD for people above 60 years with higher interest rates.<\/td><\/tr><tr><td><strong>Flexi FD<\/strong><\/td><td>Mix of savings + FD account. Lets you move extra money to FD automatically.<\/td><\/tr><tr><td><strong>Recurring FD<\/strong><\/td><td>You deposit a fixed amount every month instead of a one-time deposit.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Which FD is Best for Whom?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Regular FD<\/strong> \u2013 Great for anyone looking for a safe and steady return on a one-time deposit.<br><\/li>\n\n\n\n<li><strong>Tax-Saving FD<\/strong> \u2013 Ideal for salaried individuals or taxpayers who want to save on income tax.<br><\/li>\n\n\n\n<li><strong>Senior Citizen FD<\/strong> \u2013 Best for retirees or anyone over 60 looking for higher interest income.<br><\/li>\n\n\n\n<li><strong>Flexi FD<\/strong> \u2013 Perfect for those who want both savings account access and FD returns.<br><\/li>\n\n\n\n<li><strong>Recurring FD<\/strong> \u2013 Good for students, salaried employees, or anyone who wants to save monthly.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-difference-between-fixed-deposits-fd-vs-recurring-deposits\"><span id=\"difference-between-fixed-deposits-fd-vs-recurring-deposits\">Difference Between Fixed Deposits (FD) vs Recurring Deposits<\/span><\/h2>\n\n\n\n<p>Both <strong>Fixed Deposits (FDs)<\/strong> and <strong>Recurring Deposits (RDs)<\/strong> are safe and reliable saving options offered by banks. They help you grow your money with fixed returns, but the way you invest in them is different.&nbsp;<\/p>\n\n\n\n<p>Here\u2019s a quick look at how they compare:<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Feature<\/strong><\/td><td><strong>FD (Fixed Deposit)<\/strong><\/td><td><strong>RD (Recurring Deposit)<\/strong><\/td><\/tr><tr><td><strong>Investment Type<\/strong><\/td><td>One-time lump sum deposit<\/td><td>Monthly fixed deposits<\/td><\/tr><tr><td><strong>Tenure<\/strong><\/td><td>Flexible \u2013 7 days to 10 years<\/td><td>Flexible \u2013 6 months to 10 years<\/td><\/tr><tr><td><strong>Returns<\/strong><\/td><td>Fixed and assured<\/td><td>Fixed and assured<\/td><\/tr><tr><td><strong>Ideal For<\/strong><\/td><td>People who have a lump sum amount to invest<\/td><td>People who want to save small amounts regularly<\/td><\/tr><tr><td><strong>Premature Withdrawal<\/strong><\/td><td>Allowed with a penalty<\/td><td>Allowed with a penalty<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-medium-font-size\"><strong>In short:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Choose <strong>FD<\/strong> if you have a lump sum and want stable growth.<\/li>\n\n\n\n<li>Choose <strong>RD<\/strong> if you prefer saving a small amount every month and building a habit.<\/li>\n<\/ul>\n\n\n\n<p>To sum up, a Fixed Deposit (FD) is a reliable way for Indian students and families to grow their savings safely. Whether you are planning for education, travel, or future expenses, investing in an FD can provide stable returns and financial security.<\/p>\n\n\n\n<p>Check out the FAQs below for more information.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1744185990330\"><strong class=\"schema-faq-question\">What is FD and its benefits?<\/strong> <p class=\"schema-faq-answer\">FD or Fixed Deposit is a safe way to invest a lump sum with a bank for a fixed period and earn guaranteed interest. Benefits include assured returns, higher rates than savings accounts, flexible tenure, and tax-saving options under Section 80C.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744185991337\"><strong class=\"schema-faq-question\">Is FD paid monthly?<\/strong> <p class=\"schema-faq-answer\">Yes, some banks offer monthly interest payouts. It&#8217;s ideal for people who want regular income, like retirees. However, the total return may be slightly lower than cumulative FDs.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744185991606\"><strong class=\"schema-faq-question\">Can I withdraw money from FD?<\/strong> <p class=\"schema-faq-answer\">Yes, you can withdraw before maturity, but a penalty or reduced interest may apply. Some banks also allow partial withdrawal or loan against the FD.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744185992867\"><strong class=\"schema-faq-question\">Is FD 100% safe?<\/strong> <p class=\"schema-faq-answer\">FDs are very safe and not affected by market risks. In India, deposits up to INR 5 lakh per bank are insured by DICGC.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744185993134\"><strong class=\"schema-faq-question\">Which type of FD is best?<\/strong> <p class=\"schema-faq-answer\">It depends on your need:<br\/>&#8211; Regular FD \u2013 for safe lump sum growth<br\/>&#8211; Tax-Saving FD \u2013 for tax benefits<br\/>&#8211; Senior Citizen FD \u2013 for higher interest<br\/>&#8211; Flexi FD \u2013 for liquidity + returns<br\/>&#8211; Recurring FD \u2013 for monthly savers<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744186048721\"><strong class=\"schema-faq-question\">How much FD is tax-free?<\/strong> <p class=\"schema-faq-answer\">You can claim up to INR 1.5 lakh deduction under Section 80C with a 5-year tax-saving FD. But, interest earned is taxable.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744186049132\"><strong class=\"schema-faq-question\">Can I deposit INR 20 lakhs in FD?<\/strong> <p class=\"schema-faq-answer\">Yes, you can. But only INR 5 lakh is insured per bank by DICGC. You may spread large deposits across banks for safety.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744186049424\"><strong class=\"schema-faq-question\">What is FD with an example?<\/strong> <p class=\"schema-faq-answer\">If you invest INR 50,000 for 1 year at 7%, you\u2019ll earn INR 3,500 in interest. At maturity, you\u2019ll get INR 53,500. Simple and risk-free.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1744186049869\"><strong class=\"schema-faq-question\">What is an FD interest rate?<\/strong> <p class=\"schema-faq-answer\">It varies by bank, amount, tenure, and customer type. Most banks offer 6% to 8% annually. Senior citizens get 0.25%\u20130.75% extra.<\/p> <\/div> <\/div>\n\n\n\n<p>To learn more about<strong> <\/strong><a href=\"https:\/\/fly.finance\/international-bank-account\"><strong>bank accounts for students<\/strong><\/a>, the best<strong> <\/strong><a href=\"https:\/\/fly.finance\/loans\"><strong>education loans<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/fly.finance\/forex\"><strong>forex,<\/strong><\/a> banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-pale-ocean-gradient-background has-background has-fixed-layout\"><tbody><tr><td colspan=\"2\"><strong>Additional Reads<\/strong><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/education-loan\/how-to-exchange-foreign-currency-to-indian-rupees\/\"><strong>How to Exchange Foreign Currency to Indian Rupees?<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/how-to-close-an-indian-bank-account-from-abroad\/\"><strong>How to Close an Indian Bank Account from Abroad?<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/money-transfer\/remittance-in-foreign-currency\/\"><strong>Remittance in Foreign Currency<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/money-transfer\/foreign-remittance-procedure-for-study-abroad-aspirants\/\"><strong>Foreign Remittance Procedure<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/money-transfer\/fema-full-form-objectives-features-guidelines\/\"><strong>FEMA Act, 1999<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/sbi-minor-to-major-account-application\/\"><strong>SBI Minor to Major Account Application<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/saraswat-bank-zero-balance-account-opening-online\/\"><strong>Saraswat Bank Zero Balance Account Opening Online<\/strong><\/a><\/td><td><a href=\"https:\/\/fly.finance\/blog\/student-account\/sbi-student-account-opening-online-without-pan-card\/\"><strong>SBI Student Account Opening Online Without PAN Card<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Follow Us on Social Media <\/strong><\/p>\n\n\n\n<ul class=\"wp-block-social-links is-layout-flex wp-block-social-links-is-layout-flex\"><li class=\"wp-social-link wp-social-link-instagram  wp-block-social-link\"><a href=\"https:\/\/instagram.com\/flydotfinance\" class=\"wp-block-social-link-anchor\"><svg width=\"24\" height=\"24\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" aria-hidden=\"true\" focusable=\"false\"><path 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c-0.344,0.094-0.707,0.144-1.081,0.144c-0.264,0-0.521-0.026-0.772-0.074c0.522,1.63,2.038,2.816,3.833,2.85 c-1.404,1.1-3.174,1.756-5.096,1.756c-0.331,0-0.658-0.019-0.979-0.057c1.816,1.164,3.973,1.843,6.29,1.843 c7.547,0,11.675-6.252,11.675-11.675c0-0.178-0.004-0.355-0.012-0.531C20.985,7.47,21.68,6.747,22.23,5.924z\"><\/path><\/svg><span class=\"wp-block-social-link-label screen-reader-text\">Twitter<\/span><\/a><\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What is FD in Bank: Thinking of saving your money safely while earning interest? A Fixed Deposit, commonly known as FD, might be just what you\u2019re looking for. It\u2019s one of the simplest and most trusted ways to grow your savings without taking any risks. In this blog, we\u2019ll break down what an FD in &#8230; <a title=\"What is FD in a Bank?: Meaning, Types, Interest Rates\" class=\"read-more\" href=\"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/\" aria-label=\"Read more about What is FD in a Bank?: Meaning, Types, Interest Rates\">Read more<\/a><\/p>\n","protected":false},"author":29,"featured_media":19211,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[93],"tags":[],"class_list":["post-19210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-student-account"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>What is FD in a Bank?: Meaning, Types, Interest Rates<\/title>\n<meta name=\"description\" content=\"Learn what is FD in a bank. 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I'm Shubhika- a proud graduate in English Literature and Language from Delhi University. My journey as a content writer transitioned from online teacher into the world of words. Stepping into the domain of blogs and articles, I discovered my passion for writing growing deeper and stronger. Having said that, I have experience of writing for diverse industries in automobile, technology, ed-tech, finance and mental-health; crafting details to help you find the solution to what you are looking for. Join me as I invite you all explore and learn together.","sameAs":["https:\/\/www.facebook.com\/shubhika.garg\/","https:\/\/www.instagram.com\/shubhika.garg\/","https:\/\/www.linkedin.com\/in\/shubhikagarg71\/","https:\/\/www.tumblr.com\/blog\/shubhikahere"],"url":"https:\/\/fly.finance\/blog\/author\/shubhika\/"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744185990330","position":1,"url":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744185990330","name":"What is FD and its benefits?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"FD or Fixed Deposit is a safe way to invest a lump sum with a bank for a fixed period and earn guaranteed interest. Benefits include assured returns, higher rates than savings accounts, flexible tenure, and tax-saving options under Section 80C.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744185991337","position":2,"url":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744185991337","name":"Is FD paid monthly?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, some banks offer monthly interest payouts. It's ideal for people who want regular income, like retirees. However, the total return may be slightly lower than cumulative FDs.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744185991606","position":3,"url":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744185991606","name":"Can I withdraw money from FD?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, you can withdraw before maturity, but a penalty or reduced interest may apply. Some banks also allow partial withdrawal or loan against the FD.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744185992867","position":4,"url":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744185992867","name":"Is FD 100% safe?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"FDs are very safe and not affected by market risks. In India, deposits up to INR 5 lakh per bank are insured by DICGC.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744185993134","position":5,"url":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744185993134","name":"Which type of FD is best?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"It depends on your need:<br\/>- Regular FD \u2013 for safe lump sum growth<br\/>- Tax-Saving FD \u2013 for tax benefits<br\/>- Senior Citizen FD \u2013 for higher interest<br\/>- Flexi FD \u2013 for liquidity + returns<br\/>- Recurring FD \u2013 for monthly savers","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744186048721","position":6,"url":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744186048721","name":"How much FD is tax-free?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"You can claim up to INR 1.5 lakh deduction under Section 80C with a 5-year tax-saving FD. But, interest earned is taxable.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744186049132","position":7,"url":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744186049132","name":"Can I deposit INR 20 lakhs in FD?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Yes, you can. But only INR 5 lakh is insured per bank by DICGC. You may spread large deposits across banks for safety.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744186049424","position":8,"url":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744186049424","name":"What is FD with an example?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"If you invest INR 50,000 for 1 year at 7%, you\u2019ll earn INR 3,500 in interest. At maturity, you\u2019ll get INR 53,500. Simple and risk-free.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744186049869","position":9,"url":"https:\/\/fly.finance\/blog\/student-account\/what-is-fd-in-a-bank-meaning-types-interest-rates\/#faq-question-1744186049869","name":"What is an FD interest rate?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"It varies by bank, amount, tenure, and customer type. Most banks offer 6% to 8% annually. Senior citizens get 0.25%\u20130.75% extra.","inLanguage":"en-US"},"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/19210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=19210"}],"version-history":[{"count":1,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/19210\/revisions"}],"predecessor-version":[{"id":19212,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/19210\/revisions\/19212"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/19211"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=19210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=19210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=19210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}