Looking to grow your savings with minimal risk? A Fixed Deposit (FD) is a reliable choice. FDs are a time-tested way to earn steady, predictable returns without exposure to market volatility. Whether you’re saving for a vacation, building an emergency fund, or planning long-term goals, an FD offers safety and clarity on returns.
Fibe simplifies the process of investing in FDs, making it faster, more convenient and rewarding. Read on to learn how Fibe can help you earn better returns with ease.
Benefits of Booking an FD with Fibe
Fibe provides a streamlined platform for investing in Fixed Deposits. Key advantages include:
- Trusted and Secure: Fibe lists FDs from well-rated banks and NBFCs, and investments are DICGC-insured up to ₹5 lakhs where applicable.
- Competitive Returns: Interest rates start from attractive levels, with higher rates available for senior citizens.
- Fully Digital Booking: Open and fund an FD entirely online through the Fibe app. The process includes quick digital KYC.
- No Bank Account Required: You can start an FD via the app even if you don’t hold a bank account with the issuing partner.
- Flexible Investment Options: Invest amounts starting from just ₹1,000 and choose the tenure that suits your financial plan.
- Tax-Saving Option: Opt for 5-year tax-saving FDs to claim deductions under Section 80C where eligible.
- Multiple Partners: Compare plans from several banks and NBFCs in one place to pick the best rate and tenure for your needs.
Explore Fibe FD Partners: Returns & Key Highlights
Below are sample FD rates and tenures offered by some of Fibe’s partners. Rates vary by tenure and investor category, so check current offers in the app before booking.
| Bank Name | Tenure | Regular FD Rates (in %) | Senior Citizen FD Rates (in %) |
|---|---|---|---|
| South Indian Bank | 1 year | 6.8 | 7.3 |
| 1 year 7 days | 7.4 | 7.9 | |
| 1 year 6 months | 7.25 | 7.75 | |
| 2 years 6 months | 7 | 7.5 | |
| 3 years 3 months | 7.2 | 7.7 | |
| 4 years 11 months 29 days | 6.7 | 7.2 | |
| Shriram Finance | 1 year | 7.59 | 8.09 |
| 1 year 6 months | 7.73 | 8.23 | |
| 2 years | 7.87 | 8.37 | |
| 3 years | 8.38 | 8.88 | |
| 3 years 6 months | 8.42 | 8.92 | |
| 4 years 2 months | 8.47 | 8.97 | |
| 5 years | 8.47 | 8.97 | |
| Bajaj Finance | 1 year | 7.4 | 7.65 |
| 1 year 3 months | 7.5 | 7.75 | |
| 1 year 6 months | 7.8 | 8.05 | |
| 1 year 10 months | 7.9 | 8.15 | |
| 2 years 9 months | 7.85 | 8.1 | |
| 3 years 6 months | 8.15 | 8.4 | |
| 3 years 8 months | 8 | 8.25 | |
| 5 years | 7.85 | 8.1 | |
| Suryoday Small Finance Bank | 6 months 1 day | 7.25 | 7.75 |
| 1 year | 8.25 | 8.75 | |
| 1 year 6 months | 8.25 | 8.75 | |
| 3 years | 8.25 | 8.75 | |
| 2 years | 8.25 | 8.75 | |
| 2 years 6 months | 8.25 | 8.75 | |
| 5 years | 8.6 | 9.1 | |
| Shivalik Small Finance Bank | 6 months | 6 | 6.5 |
| 1 year | 6 | 6.5 | |
| 1 year 5 months 25 days | 8.3 | 8.8 | |
| 2 years | 8.3 | 8.8 | |
| 3 years | 7.5 | 8 | |
| 5 years | 6.25 | 6.75 | |
| Utkarsh Small Finance Bank | 1 year | 8 | 8.6 |
| 1 year 6 months | 8 | 8.6 | |
| 2 years | 8.5 | 9.1 | |
| 2 years 6 months | 8.5 | 9.1 | |
| 3 years | 8.5 | 9.1 | |
| 4 years 40 days | 8.5 | 9.1 |
(Note: Rates of interest may vary depending on tenure and investor category. Always confirm current rates and terms in the app before investing.)
How to Book an FD through the Fibe App
Booking an FD with Fibe is straightforward. Follow these steps:
Step 1: Select the FD plan from available partner offerings that best matches your objectives.
Step 2: Provide basic information such as your PAN.
Step 3: Complete Aadhaar-based KYC and a short video KYC if required.
Step 4: Make the online payment to confirm your FD instantly.
Step 5: Add your bank account details so maturity proceeds can be credited directly.
After booking, you’ll receive confirmation of the FD details on your registered mobile number. Fibe’s digital process and transparent partner options make it easy for both new and experienced investors to maximize returns with minimal effort.
If you’re ready to secure predictable returns on your savings, download the Fibe app and book your FD today.
FAQs on Fixed Deposits
1. Is it safe to book an FD through Fibe?
Yes. Fibe lists FDs issued by RBI-regulated banks and NBFCs. Investments are subject to the issuing institution’s terms and applicable deposit insurance limits.
2. Can I book multiple FDs through the app?
Yes. You can diversify by booking multiple FDs across different partner institutions and tenures.
3. Do I need a Fibe loan account to open an FD?
No. The FD service on Fibe is available to all users through the app without needing a loan account.
4. Will I get a receipt or certificate for my FD?
You will receive booking confirmation on your registered mobile number. Physical certificates are not typically issued; check the partner’s policy for details.
5. Can I withdraw my FD before maturity?
Most partners permit premature withdrawal, but penalties or reduced interest may apply. Review partner-specific terms before booking.