Bajaj Finance Best Investment Plans

How to Choose Best Fixed Deposit Plan

How to Choose Best Fixed Deposit Plan?

Pick the best Fixed Deposit plan by considering the following:

  • Interest Rate: Compare FD Interest Rates for different types of FDs offered by different institutions.

  • Credibility: Opt for only 'A' rated deposit schemes, with credible ratings from reputable organizations like ICRA or CRISIL.

  • Deposit tenor: Longer duration deposits usually offer higher interest rates. Check the lock-in period of the FD.

  • Interest calculation and payouts: Check frequency of interest payouts, whether it is monthly, quarterly, half-yearly, or annually.


You can reinvest the earned interest to increase your FD corpus.

  • Penalty: Check the penalties for breaking an FD before maturity, in case of any emergency. Most NBFCs and banks lower the interest rates in case of premature withdrawal.


  • Interested in Opening FD Account Now? Check procedure to open a fixed deposit account