Secure FDs, high returns

Currently, FDs on JioFinance are offered by the following institutions:

1. Unity Small Finance Bank
2. Suryoday Small Finance Bank
3. Bajaj Finance
4. Shriram Finance
5. Mahindra Finance

Currently our platform offers both cumulative and non cumulative FDs. In addition, there are specialized schemes for availing tax benefits (Tax-saver FDs), higher interest rates for senior citizens, and higher interest rates for women (offered by Shriram Finance).

1. Cumulative FD: Interest is compounded and paid out at maturity along with the principal. Suitable for users who do not need periodic interest payouts and prefer lump sum returns.
2. Non-Cumulative FD: Interest is paid out at regular intervals: monthly, quarterly, half-yearly, or yearly. Ideal for users seeking a steady income from their deposit.
3. Tax-Saver FDs (Offered currently by Suryoday SFB): These FD plans have a lock-in Period of 5 years. Depositors are eligible for deduction under Section 80C of the Income Tax Act (up to ₹1.5 lakh).

The interest rates for FDs of different tenures can vary depending on the Bank or NBFC, deposit amount and customer type (regular/senior citizen). Please note interest rates are also subject to change by Banks and NBFCs according to monetary policies, economic conditions and issuer’s internal decisions.

The minimum investment amount for opening an FD varies by Bank or NBFC, but it typically ranges from ₹1,000 to ₹15,000. The maximum investment amount for opening an FD also varies by Bank or NBFC, but it typically ranges from ₹2 crore to ₹3 crore.

Our digital platform is designed for Indian residents who are 18 years old and above. It’s important to have an Aadhaar-registered mobile number for Aadhaar OTP e-KYC verification.