Question 1

Is there a minimum amount or tenure for a term deposit?

Accepted Answer

The minimum amount for a fixed deposit is Rs. 5,000 while it’s Rs. 100 for a recurring deposit. The tenure can range from a few days to five years. You can choose to invest the RD amount on a daily, weekly, monthly or quarterly basis.

Question 2

Can I encash my deposit before the maturity date?

Accepted Answer

Yes, you can terminate a deposit at any time, but there are penalties for the early closure. Use the "Manage" tab in the "Term Deposits" section of the digibank app to know more.

Question 3

Are my deposits insured?

Accepted Answer

Yes. Your deposits are insured by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India (RBI), for up to ₹ 5,00,000 (5 lakh rupees).

Fixed Deposit

Fixed Deposit

Frequently Asked Questions

Related Links

Open Instant digibank Savings Account!

FD Calculator

Fixed Deposit Interest Rates

Fixed Deposit FAQs

Open digibank Savings Account & get ₹250* Amazon voucher

Our Products

Need Help?

Interest Rates & Calculators

Others

Download digibank

Useful Links

Markets