India’s leading and trusted platform to invest in bonds and other fixed income assets online

Most banks and NBFCs require a minimum deposit of ₹1,000 to open a fixed deposit account. However, this amount may vary from one FD provider to another. It also depends on the FD scheme you choose.

Yes, the interest from FDs is taxable as ‘Income from Other Sources’ in India. It is added to your total income and taxed at the applicable slab rate.

Yes, FD investments in India are generally considered safe. Moreover, fixed deposits through GoldenPi are also insured up to ₹5 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme.

Yes, premature withdrawal is allowed for many FD schemes. However, you may have to pay a penalty for early withdrawal. Ensure that you check the fine print to understand these terms better.

To find the best fixed deposit to invest in 2025, you can compare interest rates, payout options, and the credibility of the provider.

Yes, most FD schemes offer higher rates of interest for fixed deposits in India opened by senior citizens. You can check the rates online before investing your funds.

Yes, many banks and digital platforms like GoldenPi allow you to invest in an FD online in just a few simple steps.

FD tenures generally range from 7 days to 10 years. The interest rate varies depending on the tenure you choose.

Interest on FDs is calculated using the principal, interest rate, and FD tenure. Depending on the type of fixed deposit scheme, banks may use simple or compound interest methods to calculate the interest.

Yes, tax is deducted at source if the interest you earn from your FDs exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year. To avoid this, you can submit Form 15G or 15H, as applicable.

Yes, many of the best FD investments in India offer the option to receive monthly, quarterly or annual interest payouts. You can choose this option if you want to earn steady additional income.

In a cumulative fixed deposit, the interest is reinvested, compounded, and paid out only at maturity. However, in a non-cumulative FD, you can receive the interest at regular intervals (monthly, quarterly, etc.).

Yes, with GoldenPi, you can compare different FD schemes and invest in the best fixed deposit investment plans in India from various providers. There is no limit on the number of FDs you can open.

GoldenPi currently caters primarily to resident Indian investors. If you are an NRI, you can consider investing in NRE or NRO FD schemes.

No, there are no charges for opening a fixed deposit account with any of our FD providers, whether it is a bank or an NBFC.

You need to simply select your choice of FD, complete the KYC process, provide the required details and make the payment. You will receive the FD receipt on your registered email.

GoldenPi is a SEBI-registered debt broker and OBPP license holder. This credibility ensures your fixed deposit investments are secure. You can trust that our platform is built for safety, integrity and long-term trust.

Yes. Whether you are a beginner or an experienced investor, GoldenPi’s relationship managers are here to help you choose the best FD investment options in India. Get personalized guidance that ensures your investment journey remains smooth and seamless.

Form 15G (for individuals below 60) or Form 15H (for senior citizens) can be submitted either online (if the issuer offers the facility) or by physically submitting the signed form to the respective institution. This has to be submitted every year, beginning of FY.

This means your deposits (like FDs) with a bank are insured up to ₹5 lakh by the Deposit Insurance and Credit Guarantee Corporation (DICGC), including principal and interest, in case the bank fails.

Bank FDs are regulated by the Reserve Bank of India (RBI), while NBFC FDs are regulated by both the RBI and the Ministry of Corporate Affairs under specific RBI guidelines.

For issues related to FDs, you can first approach the institution’s customer support. If unresolved, escalate to the grievance redressal mechanism of the institution or relevant regulatory bodies like the RBI.

If your residential status changes to NRI during the FD tenure, you should inform the bank/NBFC. Some institutions may require premature closure or conversion of the FD to an NRO/NRE deposit, depending on their policy.

A Tax Saver Fixed Deposit is a type of FD with a 5-year lock-in period that qualifies for tax deduction under Section 80C of the Income Tax Act, up to ₹1.5 lakh per financial year.

While GoldenPi facilitates investments, each issuer (especially for FDs) may require a separate KYC process as per their regulatory requirements. This is mandated by the respective bank/NBFC.

Yes, currently each bank or NBFC typically requires its own KYC, even if you’ve completed KYC elsewhere. This is to comply with their internal policies and regulatory norms.