When we talk about investing today, most conversations are about stocks and mutual funds. But for money people do not want exposed to market volatility, Fixed Deposits are still one of the first options that come to mind.
Most people do not really compare FDs before booking one. We usually open an FD with the same bank where we already have a savings account, simply because it feels familiar and convenient.
The problem is that FD interest rates can vary significantly across banks and NBFCs. One institution may offer 6.5%, while another may offer 7.5% or more for a similar tenure.
That difference may look small initially, but on larger amounts and longer durations, it can meaningfully impact returns. Which means if you are checking rates from only one bank, you may not actually be getting the best FD available to you.
That is why we've introduced Fixed Deposits (FDs) on FYERS.
You can now explore and book Fixed Deposits directly on FYERS. Invest in Fixed Deposits through banks and NBFCs such as Bajaj Finance, Mahindra Finance, Shriram Finance, Suryoday Small Finance Bank, and Unity Small Finance Bank.
Instead of visiting multiple bank websites or opening accounts across different institutions, FYERS lets you compare FD plans from multiple bank and NBFC partners in one place. You can:
Compare FD interest rates upfront
Choose the tenure that works for you
Explore plans across issuers
Book an FD directly through FYERS
All without the opening multiple bank accounts.
The idea is simple: make Fixed Deposit investing easier, more transparent, and more accessible.
For example, let’s say you want to invest ₹1,00,000 in an FD.
On FYERS, you can compare FD plans from issuers like Bajaj Finance, Mahindra Finance, and Suryoday Small Finance Bank in one place. Bajaj Finance offers up to 7.30%, Mahindra Finance offers up to 7.60%, while Suryoday Small Finance Bank offers up to 8.10% for select tenures.
FYERS also shows the estimated interest earned and maturity amount upfront, helping you compare options easily and choose the FD that works best for you.
Safety & Additional Benefits
Eligible bank FDs are insured up to ₹5 lakh per depositor, per bank. Select FD plans also offer additional interest benefits for senior citizens and women investors.
Finding FDs on FYERS Is Easier Now
People choose FDs for different reasons.
Higher returns
Short-term plans
Insured plans
Flexible withdrawal options
Instead of manually comparing plans, you can directly explore categories aligned with your needs.
Steps to Book FDs on FYERS
Log in to FYERS, click on Menu or More, go to the Invest section, and select Fixed Deposits.
Review the available FD plans, select your preferred option, and click Invest.
Enter the FD amount, choose payout frequency and maturity instructions, then review the investment details.
Verify KYC details, complete the payment process, and place the FD order.
What to Check Before Booking an FD
Choosing an FD is not just about picking the highest interest rate. A few small details can impact your overall experience.
1. Interest Payout Option
People often book FDs without paying much attention to the payout option. But the way interest is paid can directly impact your financial plan.
Monthly and quarterly payouts can help generate regular cash flow. Maturity payout, on the other hand, keeps your money invested for the full tenure, allowing interest to compound and potentially generate higher overall returns.
2. Renewal Preference
Many investors carefully choose the FD, but do not pay enough attention to what happens after maturity.
On FYERS, you can choose whether your FD should:
Renew with Principal + Interest
Renew only the Principal amount
Or get credited back to your bank account after maturity
This gives you better control over your money after the FD tenure ends and helps align the payout with your financial plans.
3. Liquidity & Flexibility
Many people realise withdrawal restrictions only after booking an FD. Different plans come with different lock-ins, premature withdrawal rules, and flexibility options. Comparing these details upfront helps you choose an FD that matches your liquidity needs better.
Check the FAQ section to learn more about FD booking, withdrawals, payouts, and renewal options.
One Platform for Your Entire Portfolio
Traditionally, investors track stocks, mutual funds, and Fixed Deposits across different apps and platforms.
With Fixed Deposits now available on FYERS, your investments stay consolidated in one place.
Once your FD is booked, it appears directly inside your Portfolio section under the Fixed Deposits tab.
So instead of switching between multiple platforms, you can track your stocks, mutual funds, and FDs together from a single dashboard.
You can explore Fixed Deposits on FYERS and also let us know your feedback in the comments.