Get high-interest FDs up to 9.45% annually

a) Traditional Fixed Deposit: 

Interest amount is credited at regular intervals, i.e., Quarterly or Monthly. Customer can opt for Monthly/Quarterly payout at the time of creating the Fixed Deposit.

b) Cumulative Fixed Deposit: 

Customer will receive a lump sum amount after maturity. The interest accrued is added back to the principal amount at quarterly intervals.

Currently Resident Individuals are eligible to apply for a regular Fixed Deposit online. Also, the Savings Account should be KYC verified.

EduFund has partnered with multiple banks, and NBFC (Non-Banking Finance Corporation). The interest rates offered by the banks and NBFCs vary. Check the EduFund app or connect with your relationship manager to get the prevailing interest rate.

Currently, Fixed deposits can be opened by resident individuals only.

Fixed deposits offer both cumulative (interest paid at maturity) and non-cumulative (periodic interest payouts) options.

Yes, senior citizens (above 60 years) typically get an additional interest. Check the EduFund app for prevailing rates and benefits from different providers

Yes, most fixed deposits allow premature withdrawal, though some may have a lock-in period. Interest rates for premature withdrawals are usually lower than the contracted rate.

Interest earned on fixed deposits is taxable as per the applicable income tax slab rates. TDS may be deducted if the interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.

You can renew your fixed deposit by submitting a request on the EduFund app or writing to our customer support team. You can also connect with your Relationship Manager.

You will need to provide documents like PAN card, proof of identity, and proof of address.

Yes, EduFund allows you to open fixed deposits online through the mobile app.