Fixed Deposits Secure Growth, Guaranteed Returns
Lock in high interest rates with our fixed deposit options. Enjoy guaranteed returns and flexible tenure options tailored to your financial goals.
Guaranteed Returns
Up to 12.5%
Lock in high interest rates with our fixed deposit options. Enjoy guaranteed returns and flexible tenure options tailored to your financial goals.
Guaranteed Returns
Up to 12.5%
Understanding Fixed Deposits
A Fixed Deposit (FD) is a financial instrument provided by banks and financial institutions that offers investors a higher rate of interest than a regular savings account, until the given maturity date.
When you invest in a fixed deposit, you agree to lock in your money for a predetermined period, ranging from a few months to several years. In return, you receive a guaranteed interest rate that remains fixed throughout the deposit term.
Fixed deposits are considered one of the safest investment options as they provide assured returns and carry minimal risk. They are ideal for conservative investors looking for stability and security in their investment portfolio.
Why Choose Fixed Deposits
Discover why fixed deposits are a cornerstone of smart financial planning
Fixed deposits are one of the safest investment options available. Your principal amount is secure, and returns are guaranteed regardless of market fluctuations.
At Elite Mutual Fund, all deposits are insured, providing an additional layer of security for your hard-earned money.
Unlike market-linked investments, fixed deposits offer predetermined interest rates that remain constant throughout the tenure, ensuring predictable returns.
Our competitive interest rates of up to 12.5% help you maximize your earnings and achieve your financial goals faster.
Choose from a wide range of tenure options, from short-term deposits of 7 days to long-term investments of up to 10 years, based on your financial needs.
Our flexible maturity options allow you to align your investments with your specific financial goals and liquidity requirements.
While fixed deposits are designed for a specific tenure, we offer premature withdrawal options with minimal penalties for emergency situations.
Additionally, you can avail loans against your fixed deposit without breaking the deposit, maintaining your investment while addressing immediate cash needs.
Certain types of fixed deposits offer tax benefits under Section 80C of the Income Tax Act, allowing you to save on taxes while growing your wealth.
Our tax-saving fixed deposits come with a lock-in period of 5 years and provide no deductions per financial year.
We offer higher interest rates for senior citizens, helping them maximize their retirement savings and ensure financial security in their golden years.
Senior citizens enjoy an additional 0.5% interest rate on all fixed deposit schemes, making it an ideal investment option for retirees.
Strategic allocation of fixed deposits can significantly enhance your investment portfolio
Every investment portfolio needs a balance between high-risk and low-risk assets. Fixed deposits serve as the stable foundation of your investment strategy, providing a safety net against market volatility.
By allocating a portion of your portfolio to fixed deposits, you create a buffer that protects your overall investments from market downturns while ensuring steady growth.
Fixed deposits provide a reliable source of income through regular interest payouts. This predictable cash flow can be particularly valuable for retirees or those seeking steady income without liquidating their investments.
With options for monthly, quarterly, or annual interest payouts, you can customize your fixed deposit to match your income requirements and financial planning.
Fixed deposits are perfect for goal-based investing where you have a specific financial target with a defined timeline. Whether it's saving for a down payment, education, or a major purchase, FDs provide certainty.
By matching the FD tenure with your goal timeline, you can ensure that your funds grow steadily and become available exactly when you need them, without the uncertainty of market-linked investments.
Our financial advisors can help you determine the ideal allocation of fixed deposits in your investment strategy.
Current Offerings
Competitive interest rates to maximize your returns
| Tenure | Regular Rate | Senior Citizen Rate | Minimum Deposit |
|---|---|---|---|
| 3 Months | 13.5% | 14% | $1,000 |
| 6 Months | 12.5% | 13% | $1,000 |
| 1 Year | 10.00% | 10.50% | $1,000 |
| 2 Years | 8.5% | 9% | $1000 |
| 5 Years | 8% | 8.5% | $1,000 |
| 10 Years | 7.5% | 8.0% | $1,000 |
* Rates are subject to change without prior notice. Please check the latest rates before investing.
* Senior citizen rates apply to individuals aged 60 years and above.
Use our FD calculator to estimate the maturity amount and interest earned on your fixed deposit investment.
Our calculator factors in compounding interest for accurate projections.
Common Questions
Everything you need to know about our fixed deposit offerings
The minimum amount required to open a fixed deposit at Elite Mutual Fund is $1,000 for regular FDs and $10,000 for Tax Saver FDs. This low entry barrier makes it accessible for most investors to start their journey towards financial security.
Yes, you can withdraw your fixed deposit before maturity, subject to a nominal penalty. The premature withdrawal penalty is typically 1% of the applicable interest rate. However, Tax Saver FDs have a mandatory lock-in period of 5 years and cannot be withdrawn prematurely.
The interest earned on fixed deposits is taxable as per your income tax slab rate. TDS (Tax Deducted at Source) is applicable if the interest earned in a financial year exceeds ₹40,000 (₹50,000 for senior citizens). You can submit Form 15G/15H to avoid TDS if your total income is below the taxable limit.
Elite Mutual Fund offers multiple interest payout options to suit your financial needs:
Yes, you can avail a loan of up to 90% of your fixed deposit amount. This is a great option when you need funds but don't want to break your FD and lose out on the interest. The loan interest rate is typically 2% higher than your FD interest rate, making it more cost-effective than many other loan options.
You have several options when your fixed deposit matures:
If no instruction is provided, the FD will be automatically renewed for the same tenure at the prevailing interest rate.