About FDs

Basic questions about FDs

I have used my Paytm payment Bank for purchasing Fixed Deposit?
You can add another bank details in Kuvera for your future FD orders. To change the bank details in the existing FDs with our FD issuer, you can send an e...
Thu, 14 Mar, 2024 at 11:31 PM
What are the documents required to start investing in Fixed Deposits ?
You would need to be CKYC compliant in order to start investing in Fixed Deposits. If you are not CKYC compliant, then you will be able to do the same with ...
Thu, 14 Mar, 2024 at 9:27 PM
Will senior citizens get special rates for Fixed Deposits?
Yes, senior citizens (aged above 60 years) may qualify for additional interest rates based on the offerings provided by the FD issuer.
Thu, 14 Mar, 2024 at 9:34 PM
What is Form 15G/H for FD? Who is eligible for the same?
Form 15G/H can be used by individuals having an annual income below the taxable limit. Submitting it to the FD provider helps in preventing TDS deduction fr...
Wed, 6 Oct, 2021 at 2:30 PM
Do I need a savings account with the FD provider for opening a fixed deposit?
No, you can use an existing bank account that is supported on the platform. You do not need a separate bank account with the FD provider. 
Tue, 19 Apr, 2022 at 6:26 PM
What is an FD (Fixed Deposit)
A Fixed Deposit is a savings option that helps you earn interest on your money saved with a bank or NBFC. The interest rate in FDs is typically higher than ...
Wed, 6 Oct, 2021 at 2:35 PM
How can we start investing in Fixed Deposit?
Setup an FD online by going to invest -> FD -> choose the NBFC/Bank as per the tenure you want. If you are not onboarded, we will ask you to onboard ...
Tue, 10 Oct, 2023 at 3:56 PM
How much time does it take to open a fixed deposit?
Processing an FD order takes around 1-2 business days depending on the FD provider.  If you are not CKYC compliant then the same will also have to be compl...
Wed, 6 Oct, 2021 at 2:28 PM
What is the minimum/maximum tenure for opening a fixed deposit?
Depending on the FD provider, tenure duration can vary between 3 months to 5 years.
Thu, 14 Mar, 2024 at 9:24 PM
What do cumulative & non-cumulative interest payment options mean in Fixed Deposits?
In a ‘Cumulative’  fixed deposit, the interest is payable at the time of maturity along with the principal. The interest is compounded annually in this opti...
Wed, 6 Oct, 2021 at 2:26 PM