Why Choose Our Fixed Deposits?
1
Highest Interest Rates
Get FD at highest-interest rates without opening a bank account
2
Earn Up to 9.1% Annually
Benefit from high returns on your investments with fixed annual interest rates.
3
Special Benefits
Enjoy exclusive higher rates for senior citizens and women.
Key Features
Guaranteed Returns
Enjoy a fixed interest rate throughout the term, ensuring predictable and secure returns.
High Security
Your deposits are safeguarded with bank-grade security protocols, ensuring peace of mind.
Flexible Terms
Choose from a wide range of deposit tenures to match your financial goals—whether short-term or long-term.
Seamless Management
Effortlessly monitor and manage your deposits through our intuitive and easy-to-use platform.
Our Trusted Partners
Mahindra Finance
Earn up to 8.10% p.a. with additional interest for seniors and Mahindra Group employees. Rated "CRISIL AAA/Stable" and "IND AAA/Stable." Choose investment durations of 12 to 60 months and customizable payout options.
Shriram Finance
Trusted by millions, rated "[ICRA]AA+ (Stable)" and "IND AA+/Stable." Grow your savings with up to 9.40% p.a., plus an extra 0.50% p.a. for senior citizens and 0.10% p.a. for women. Enjoy tenures from 12 to 60 months with various payout options.
Bajaj Finserv
Earn up to 8.65% p.a. with special tenures of 18, 22, 33, 42, and 44 months. Rated "[ICRA]AAA (Stable)" and "CRISIL AAA/STABLE." Choose monthly, quarterly, half-yearly, or annual payouts, or opt for full payout at maturity.
FAQs
Why Invest in Fixed Deposits (FDs)?
Fixed Deposits provide certainty in returns. By allocating part of your money to products that are not market-dependent, you can reduce overall risk and enhance your financial planning.
Is it safe to invest in FDs on Klarfin?
Yes, investing in FDs through Klarfin is safe. All offered FDs have high credibility and stable ratings, ensuring timely interest payouts and the security of your investment.
What is the minimum and maximum amount that can be deposited in a Fixed Deposit?
The minimum deposit amount varies across banks and NBFCs, typically ranging from ₹1,000 to ₹25,000. There is no upper limit on the maximum amount you can deposit.
What happens to my Fixed Deposit if the interest rate goes up or down?
Once your FD is locked in at a specific rate, you will continue to receive that rate until maturity, regardless of any future interest rate changes. To benefit from new rates, you'll need to invest in a new Fixed Deposit.
Are Fixed Deposits taxable?
Yes, interest earned from FDs is taxable. TDS is deducted if the interest earned exceeds ₹5,000 per annum. However, you can submit Form 15G/H to the bank or NBFC to avoid tax deduction. Additionally, you are eligible for a tax deduction of up to ₹1.5 lakh under Section 80C of the Income Tax Act if you invest in tax-saver fixed deposits.
Can I receive monthly interest on an FD?
There are two types of Fixed Deposits:
Cumulative FD: Interest is paid at maturity along with the principal.
Non-cumulative FD: Interest is paid out periodically (monthly, quarterly, half-yearly, or yearly), with the principal paid at maturity.
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How can I be confident about the safety of my funds?Consent-Based Actions: All actions to manage your funds are taken with your consent and supported by industry-leading experts. Direct Fund Flow: Your funds flow directly from your account to the Asset Management Company’s (AMC) bank account, never passing through Klarfin’s account. Reputable AMCs: We partner with top AMCs like HDFC, SBI, and Nippon India, each managing assets exceeding INR 1 lakh crore. Even if Klarfin ceases operations, your funds remain secure with these large institutions.
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What about the safety of the data that I share with you?Your data is collected per SEBI compliance requirements and shared directly with the AMC where we invest. It is stored in an encrypted format and is not used or shared for any other purposes. We have stringent checks and balances to ensure data security.
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What is the shortest period of time I can invest for?You can invest for as short as 3 days; some even choose to invest just over the weekend. Certain debt instruments offer returns of approximately 7% even in the short term with no lock-in period.
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How will this be shown in the books? How will it be taxed?Income from mutual funds is classified as Capital Gains, unlike FD income, which is categorized as Income from Other Sources. Mutual fund income is taxed only upon sale (with no TDS deduction), helping defer taxes. Certain schemes offer a lower taxation rate of 12.5% compared to 25%.
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Will we need to open a Demat account?No, a Demat account is not required. Simply complete your basic registration with us. The required details will depend on whether you are a Proprietorship, Partnership, Company, or Individual.
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What is the cost involved?We do not charge any fees to you. Our commission comes from the AMCs.
How does it work?
01.
Register
Complete quick registration and KYC verification
02.
Plan
Strategize your monthly outflows with our team
03.
Invest
Invest with a single click or via our support team
04.
Track
Monitor returns in real-time and see them grow
05.
Withdraw
Redeem your investments anytime without any penalty