Question 1

What is a Fixed Deposit (FD)?

Accepted Answer

A Fixed Deposit (FD) is a low-risk investment option where you deposit a sum of money with a bank or financial institution for a fixed period, earning guaranteed returns at a fixed interest rate.

Question 2

Why should I invest in Fixed Deposits in India?

Accepted Answer

FDs in India are one of the safest and most secure investment options. With guaranteed returns and minimal risk, they are ideal for conservative investors seeking stable income.

Question 3

How can I invest in Fixed Deposits online with Finzace?

Accepted Answer

Sign up with Finzace, choose your FD product, select your investment amount, and complete your investment process online. It's secure, quick, and easy.

Question 4

Are there tax-saving Fixed Deposit options available?

Accepted Answer

Yes. Some corporate FDs offer tax-saving benefits under Section 80C of the Income Tax Act, allowing you to save taxes while earning returns.

Question 5

What are the interest payout options for FDs with Finzace?

Accepted Answer

You can choose from monthly, quarterly, or annual interest payouts based on your needs.

Question 6

Are my investments on Finzace safe?

Accepted Answer

Finzace ensures your FD investments are safe by directing your funds straight to the bank. We never hold your money and we use bank-level encryption and industry-leading security protocols.

Question 7

Aren't only banks supposed to offer fixed deposits?

Accepted Answer

Fixed deposits are offered by banks, NBFCs and India Post Office. The FDs you book with NBFCs like Shriram Finance are also known as Corporate FDs and tend to offer higher interest rates.

Question 8

Am I charged any commission or hidden fees?

Accepted Answer

No. There are absolutely no hidden charges or fees apart from the investment amount.

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