What Is Fixed Deposit (FD)?

A sum placed with a bank for a fixed period at a fixed interest rate.

Banking

The rate is locked when you open the FD. Interest usually compounds quarterly and is taxed at your slab rate each year, whether paid out or reinvested.

Breaking an FD early usually costs a penalty of 0.5% to 1% on the rate. FDs up to ₹5 lakh per bank are insured by DICGC.

Example

₹1,00,000 at 7% for 5 years, compounded quarterly, grows to about ₹1,41,478.

FD calculator Compare savings accounts

Savings and Banking

Guides in Plain Words

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All Savings and Banking guides

Savings and Banking3 Oct 2026 · 6 min readZero Balance vs Regular Savings Account: Which One Should You Open?A zero balance account never charges you for a low balance. A regular one often comes with more, and with a minimum you have to keep. Here is what each really gives you, what RBI guarantees on a basic account, and how to choose.Read the guide →

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