How much amount can I invest in FDs?

How much amount can I invest in FDs?

Yes, you can withdraw your FD before its maturity. The withdrawal criteria may be different depending on the bank. See details below: ​ Utkarsh Small Finance Bank and Shivalik Small Finance Bank ​ Withdrawal allowed: After 7 days Invested amount: No penalty Interest earned: No penalty, interest applicable is of the tenure for which the FD has remained active ​ Shriram Finance Ltd. and Bajaj Finance Ltd ​ Withdrawal allowed: After 3 months Invested amount: No penalty Interest earned: If you withdraw between 3 to 6 months: No interest will be paid 6 to 12 months: 3% less interest than 12 month FD rate 12 months to FD maturity: 2% less interest than the interest applicable on tenure for which the FD has remained active

    • Related Articles

    • Can I re-invest my FD maturity amount?

      Thank you for reaching out to us. Yes, at time of starting your FD you can select the maturity instruction as re-invest. Please note that once you select the action on maturity it cannot be changed the post booking. Hope this helps!

    • Which FDs are insured by RBI?

      Thank you for writing to us. All deposits with nationalised and private banks are insured by DICGC, a subsidiary of RBI. FDs on Stable Money with Utkarsh Small Finance Bank and Shivalik Finance Bank FDs are insured for up to ₹5 Lakhs. As per RBI, any ...

    • Why should I invest in FD on Stable Money?

      Stable Money is you home for safe investments, with easy access to most sought after FD rates. Built with dedication by people like you, who have tried, tested and seasoned on investment journey of 20+ years. We know you need a stable companion for ...

    • Who has my money when I invest in FD on Stable Money?

      When you invest, your money is directly sent to the bank. Your money stays and compounds with the bank until your FD has matured or upon your withdrawal. Stable Money never holds any of your funds. When you withdraw, the bank will send the maturity ...

    • Which FDs do not require Video KYC?

      Video KYC is a one-time bank-required process to approve your FD as per RBI regulations. Video KYC is NOT needed if you - 1. Book your first FD with Utkarsh SF Bank for 1 year tenure and the amount is ₹90,000 or less. 2. Book your first FD with ...