Earn more from your savings.
Guaranteed returns, zero market risk.
Invest in high-yield corporate, NBFC, and small finance bank fixed deposits earning up to 9.10% p.a. — significantly higher than large bank FDs. Capital protection, DICGC-insured options, regular income options, and senior citizen benefits. Expert guidance at no cost to you.
Types of fixed deposits
4 types of FDs — which one is right for you?
Not all FDs are equal. The right type depends on your risk appetite, need for liquidity, and how much return you want to earn.
Bank Fixed Deposit
Bank FDs are offered by scheduled commercial banks. They carry the highest safety — deposits up to ₹5 lakh per depositor per bank are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC). Rates are lower than corporate FDs but the risk is minimal.
✅ Best for: Conservative investors prioritising capital safety over returns
💬 Enquire about bank FD ↗Small Finance Bank FD
Small finance banks (SFBs) are RBI-regulated and offer the same DICGC insurance as large banks — protecting deposits up to ₹5 lakh per depositor. They consistently offer 0.5%–1.5% higher rates than large scheduled commercial banks, making them an excellent middle ground between safety and returns.
✅ Best for: Investors who want higher returns than large banks without giving up DICGC safety cover
💬 Enquire about SFB FD ↗Corporate / NBFC Fixed Deposit
Corporate and NBFC FDs are offered by companies like Bajaj Finance, Shriram Finance, Mahindra Finance, and HDFC Ltd. They offer significantly higher interest rates than bank FDs. Always choose AAA or AA+ CRISIL/ICRA-rated FDs to ensure safety. We only recommend top-rated issuers.
✅ Best for: Investors seeking higher guaranteed returns from AAA-rated issuers
💬 Enquire about corporate FD ↗Tax-Saving Fixed Deposit
Tax-saving FDs offered by banks allow you to claim a deduction of up to ₹1.5 lakh per year under Section 80C of the Income Tax Act. They have a mandatory 5-year lock-in period with no premature withdrawal allowed. Interest earned is fully taxable at your slab rate.
✅ Best for: Taxpayers looking for a safe, guaranteed-return 80C investment with 5-year horizon
💬 Enquire about tax-saving FD ↗Small Finance Banks — what you need to know
Small Finance Bank FDs — DICGC-insured, yet higher returns
Small finance banks (SFBs) are a relatively newer category of RBI-licensed banks specifically created to serve underserved segments. They offer a compelling proposition for FD investors: higher interest rates than large scheduled commercial banks, with the same DICGC deposit insurance protection up to ₹5 lakh per depositor.
RBI-regulated, just like large banks
Small finance banks are licensed by the Reserve Bank of India and operate under the same Banking Regulation Act as scheduled commercial banks. They are subject to RBI's supervision, capital adequacy norms, and audit requirements.
DICGC insured up to ₹5 lakh
Deposits at small finance banks are insured by DICGC (Deposit Insurance and Credit Guarantee Corporation) up to ₹5 lakh per depositor per bank — the same guarantee that applies to SBI or ICICI Bank. For amounts up to ₹5 lakh, the risk profile is equivalent to any large bank.
Higher rates than large banks
SFBs offer higher FD rates to attract deposits — typically 7.25% to 9.00% p.a. compared to 6.50%–7.25% at large banks. Senior citizen rates can go even higher. This higher rate does not mean higher risk for amounts within the ₹5 lakh DICGC limit.
Invest within the ₹5 lakh DICGC limit
To fully benefit from the DICGC insurance, keep your total deposit (principal + accrued interest) at any single SFB within ₹5 lakh. If you wish to invest a larger amount, spread across multiple SFBs or combine with corporate FDs for amounts above this threshold.
Indicative rates — May 2026
Top FD issuers — indicative interest rate ranges
Rates below are indicative ranges and subject to change. Ranges reflect variation across tenures and issuer revisions. We verify current rates from issuers at the time of investment. Senior citizen rates are higher by 0.25–0.50% for most issuers.
| Issuer | Category | Credit Rating | 1 Year | 2–3 Years | 4–5 Years | Senior Citizen Extra |
|---|---|---|---|---|---|---|
| 🏢 Corporate / NBFC Fixed Deposits | ||||||
| Bajaj Finance | NBFC FD | 7.75% – 8.10% | 8.15% – 8.40% | 7.90% – 8.15% | +0.25% | |
| Shriram Finance | NBFC FD | 8.25% – 8.60% | 8.75% – 9.10% | 8.75% – 9.00% | +0.50% | |
| Mahindra Finance | NBFC FD | 7.50% – 7.90% | 7.90% – 8.15% | 7.80% – 8.05% | +0.25% | |
| PNB Housing Finance | HFC FD | 7.40% – 7.70% | 7.65% – 8.05% | 7.75% – 7.95% | +0.25% | |
| 🏦 Small Finance Bank Fixed Deposits (DICGC Insured) | ||||||
| Unity Small Finance Bank | Small Finance Bank | 8.50% – 9.00% | 8.50% – 9.00% | 8.00% – 8.50% | +0.50% | |
| Utkarsh Small Finance Bank | Small Finance Bank | 8.25% – 8.75% | 8.50% – 9.10% | 7.75% – 8.25% | +0.50% | |
| Jana Small Finance Bank | Small Finance Bank | 8.00% – 8.50% | 8.25% – 8.75% | 7.75% – 8.25% | +0.50% | |
| ESAF Small Finance Bank | Small Finance Bank | 7.75% – 8.25% | 8.00% – 8.50% | 7.50% – 8.00% | +0.50% | |
| 🏛️ Scheduled Commercial Bank Fixed Deposits (DICGC Insured) | ||||||
| SBI | Govt. Bank FD | 6.80% – 7.10% | 6.80% – 7.00% | 6.50% – 6.80% | +0.50% | |
| HDFC Bank | Pvt. Bank FD | 7.00% – 7.25% | 7.00% – 7.25% | 6.75% – 7.00% | +0.50% | |
Plan your returns
FD maturity calculator
Calculate your maturity amount, total interest earned, and effective annual yield for any FD investment. Toggle between cumulative and non-cumulative to compare payout options.
🧮 Fixed Deposit Maturity Calculator
Choosing your payout
Cumulative vs Non-Cumulative FD — which should you choose?
The same FD, two very different cash flow profiles. Your choice depends on whether you need regular income or are accumulating wealth.
Cumulative — best for wealth building
Interest is compounded quarterly and added to the principal. You receive the full maturity amount (principal + all interest) at the end of the tenure. Compounding gives you a higher effective return than the stated rate.
- ✅ Interest compounded quarterly — power of compounding
- ✅ Higher effective yield than stated rate (CAGR > nominal rate)
- ✅ No decisions required — money grows untouched
- ✅ Ideal for long-term goals: home down payment, retirement, education
- ⚠️ No periodic cash flow — not suitable if you need regular income
- ⚠️ TDS deducted annually on accrued interest even before maturity
Non-Cumulative — best for regular income
Interest is paid out at regular intervals — monthly, quarterly, half-yearly, or annually — to your linked bank account. The principal is returned at maturity. Ideal for retirees and anyone who needs predictable monthly income.
- ✅ Regular income — monthly / quarterly / annual payouts
- ✅ Predictable cash flow — plan expenses with certainty
- ✅ Ideal for retirees, senior citizens, and income-seeking investors
- ✅ Same principal safety as cumulative FD
- ⚠️ Lower overall returns vs cumulative (no compounding benefit)
- ⚠️ Each payout is taxable income in that financial year
Tax implications
How FD interest is taxed — what you need to know
FD interest is fully taxable as "income from other sources" at your applicable income tax slab rate. Here is a clear breakdown of TDS rules and how to manage your tax liability.
Maximise your FD returns
6 smart strategies to get more from your fixed deposits
A few smart moves can meaningfully improve your post-tax, inflation-adjusted FD returns.
FD laddering — spread across tenures
Instead of locking all your money in one long-term FD, split across 1-year, 2-year, and 3-year FDs. This ensures you have funds maturing at regular intervals (liquidity) and can reinvest at prevailing rates as each FD matures — reducing interest rate risk.
Choose corporate FDs for higher rates — safely
Corporate and NBFC FDs from AAA or AA+ rated issuers like Bajaj Finance and Shriram Finance earn 1–2% more than bank FDs. This difference on ₹10 lakh over 3 years is ₹30,000–₹60,000 extra in your pocket.
Invest in a family member's name (lower tax bracket)
If your spouse or elderly parent is in a lower tax bracket (or has no income), investing FDs in their name can legally reduce the tax on interest income. The interest will be taxed at their lower slab rate. Consult a tax advisor for clubbing provisions.
Senior citizens: always ask for the higher rate
Every bank and NBFC offers an additional 0.25–0.50% for senior citizens. Always ask for and confirm the senior citizen rate before investing — some institutions don't apply it automatically. Over a 3-year tenure on ₹10 lakh, even 0.25% extra adds ₹7,500+.
Don't auto-renew without checking rates
Many investors auto-renew FDs at maturity without checking if better rates are available elsewhere. Set a reminder 30–45 days before maturity and compare options. Rates can change significantly over even a 1–2 year period.
Spread deposits to maximise DICGC coverage
Bank FD insurance covers only ₹5 lakh per depositor per bank. If you have more than ₹5 lakh to deposit, spread it across multiple banks to ensure full DICGC coverage. Joint accounts are also covered separately up to ₹5 lakh.
Getting started
How to invest in an FD with us — 5 simple steps
We handle everything — from recommending the right issuer to completing the application — at zero cost to you.
Tell us your goal
How much you want to invest, your tenure preference, and whether you need regular income or growth. We match this to the right FD type and issuer.
We compare current rates
We check live rates from our partner issuers — Bajaj Finance, Shriram Finance, Mahindra Finance, and others — and recommend the best option for you.
Documents & KYC
We guide you through the simple KYC requirements — typically just Aadhaar, PAN, a cancelled cheque, and a passport photo. Most applications are now fully digital.
Application & payment
We submit the application on your behalf. You transfer the investment amount via NEFT/RTGS/cheque. The FD is activated within 1–2 working days.
FD certificate & tracking
You receive your FD receipt/certificate. We track your FD and remind you 30 days before maturity so you can review and decide on reinvestment.
Completely free for you
Our advisory and application support is at zero cost to you. We are compensated by the FD issuer — so our incentive is fully aligned with getting you the best deal.
Common questions
Frequently asked questions about fixed deposits
Clear answers to the questions we hear most often from FD investors.
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Free advisory · AAA-rated issuers · DICGC-insured small finance banks · Senior citizen rates · Cumulative & non-cumulative · Coimbatore