{"id":445788,"date":"2026-04-09T11:53:51","date_gmt":"2026-04-09T06:23:51","guid":{"rendered":"https:\/\/zerodha.com\/z-connect\/?p=445788"},"modified":"2026-04-09T12:05:29","modified_gmt":"2026-04-09T06:35:29","slug":"introducing-fixed-deposits-on-coin","status":"publish","type":"post","link":"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin","title":{"rendered":"Introducing Fixed Deposits on Coin"},"content":{"rendered":"<p>Even today, a large part of household savings in India sits in fixed deposits.<\/p>\n<p>The appeal is simple,\u00a0predictable returns, no market volatility, and very little to manage once you\u2019ve invested.<\/p>\n<p>But that simplicity doesn\u2019t scale well. Once you have FDs across multiple banks, rates are scattered, processes differ, and tracking maturity dates and interest becomes harder than it should be.<\/p>\n<p>We\u2019re simplifying this by bringing fixed deposits to Coin.<\/p>\n<p>You can now invest in FDs across multiple banks, compare rates side by side, and track everything, such as invested amount, accrued interest, and upcoming maturities, in one place.<\/p>\n<p>We\u2019re starting with three small finance banks:<\/p>\n<ul>\n<li>Suryoday Small Finance Bank: up to 8.0% p.a.<\/li>\n<li>Utkarsh Small Finance Bank: up to 8.0% p.a.<\/li>\n<li>Unity Small Finance Bank: up to 8.0% p.a.<\/li>\n<\/ul>\n<p>The RBI regulates all three, and deposits up to \u20b95 lakh are insured under DICGC (Deposit Insurance and Credit Guarantee Corporation).<\/p>\n<p>Tenures range from 7 days to 60 months. Premature withdrawal is allowed after 7 days, with applicable penalties shown upfront.<\/p>\n<h2>How to invest<\/h2>\n<p>On the Coin app, tap on <em>Fixed Deposits<\/em> and then <em>Invest<\/em>.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"http:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2026\/04\/FD-coin-app-finalised.gif\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>On the web, log in via Kite and go to <em>Fixed Deposits<\/em>, or visit <a href=\"http:\/\/fd.zerodha.com\">fd.zerodha.com<\/a>.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2026\/04\/FD-navigation-coin-web-1.png\" \/><\/p>\n<p>From there:<\/p>\n<ul>\n<li>Pick a bank and compare interest rates across tenures<\/li>\n<li>Use the calculator to estimate returns<\/li>\n<li>Enter your investment amount (minimum \u20b91,000)<\/li>\n<li>Choose payout mode (at maturity, monthly, or quarterly)<\/li>\n<li>Select maturity preference (refund or reinvest)<\/li>\n<\/ul>\n<p>For your first investment with a bank, you\u2019ll need to complete a one-time KYC. This includes PAN, Aadhaar verification, basic details, and nominee information.<\/p>\n<p>You\u2019ll also need to verify your mobile number via OTP and add your bank account (via UPI or account details).<\/p>\n<p>After payment, a short video KYC needs to be completed within three days. Once verified, your FD is booked, and confirmation is shared.<\/p>\n<p>For future investments with the same bank, this process is skipped, making it much faster.<\/p>\n<p>You can also watch this video for a walkthrough.<\/p>\n<p><iframe loading=\"lazy\" title=\"Introducing Fixed Deposits (FDs) on Coin by Zerodha: How to invest, track, and manage FDs\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/iLAP64O2gEw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>A few things to know<\/h2>\n<p><strong>Tracking:<\/strong> All your fixed deposits are visible in one place on Coin. You can see the total amount invested, accrued interest, and upcoming maturities without tracking each FD separately across banks.<\/p>\n<p><strong>Auto-renewal:<\/strong> You can choose to renew your FD automatically at maturity. We\u2019ll notify you in advance so you can review or change this preference before it\u2019s executed.<\/p>\n<p><strong>Premature withdrawal:<\/strong> You can withdraw your FD before maturity if needed. The applicable penalty, based on the bank\u2019s terms, is shown upfront so there are no surprises.<\/p>\n<p><strong>Senior citizen rates:<\/strong> If you\u2019re eligible, higher interest rates are automatically shown and applied based on your PAN details.<\/p>\n<p>Taxes (TDS): Interest earned on FDs is taxable as per your income tax slab. TDS is deducted by banks if interest exceeds \u20b940,000 (\u20b950,000 for senior citizens) in a year. Since TDS is calculated per bank, you\u2019ll need to report total interest across all FDs while filing returns. Tax details and certificates will be available for reporting.<\/p>\n<p>You can learn more about FDs on Coin by visiting <a href=\"https:\/\/support.zerodha.com\/category\/mutual-funds\/fixed-deposits\/coin-fd\/articles\/fd-coin-faqs\">FAQs for Fixed Deposits (FDs)<\/a>.<\/p>\n<p><em>Disclaimer: Fixed Deposits (FDs) are not exchange traded products. Zerodha Broking Ltd. acts solely as a distributor for FDs and such products. Any disputes with respect to such services will not have access to SEBI SCORES\/ODR, Exchange Investor Grievance Redressal Forum, or Arbitration mechanism.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Even today, a large part of household savings in India sits in fixed deposits. The appeal is simple,\u00a0predictable returns, no market volatility, and very little to manage once you\u2019ve invested. But that simplicity doesn\u2019t scale well. Once you have FDs across multiple banks, rates are scattered, processes differ, and tracking maturity dates and interest becomes [&hellip;]<\/p>\n","protected":false},"author":176551,"featured_media":445790,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[577,475,479,531],"tags":[],"class_list":["post-445788","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-updates","category-coin","category-featured","category-general"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Introducing Fixed Deposits on Coin &#8211; Z-Connect by Zerodha<\/title>\n<meta name=\"description\" content=\"Even today, a large part of household savings in India sits in fixed deposits. The appeal is simple,\u00a0predictable returns, no market volatility, and very\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Introducing Fixed Deposits on Coin\" \/>\n<meta property=\"og:description\" content=\"Even today, a large part of household savings in India sits in fixed deposits. The appeal is simple,\u00a0predictable returns, no market volatility, and very\" \/>\n<meta property=\"og:url\" content=\"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin\" \/>\n<meta property=\"og:site_name\" content=\"Z-Connect by Zerodha\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/zerodha.social\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/zerodha.social\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-09T06:23:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-09T06:35:29+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2026\/04\/FD-on-coin.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Team Zerodha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:site\" content=\"@zerodhaonline\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Team Zerodha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin\",\"url\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin\",\"name\":\"Introducing Fixed Deposits on Coin &#8211; Z-Connect by Zerodha\",\"isPartOf\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin#primaryimage\"},\"image\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin#primaryimage\"},\"thumbnailUrl\":\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2026\/04\/FD-on-coin.png\",\"datePublished\":\"2026-04-09T06:23:51+00:00\",\"dateModified\":\"2026-04-09T06:35:29+00:00\",\"author\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/ab459269e8365cddd9d34c1885428210\"},\"description\":\"Even today, a large part of household savings in India sits in fixed deposits. The appeal is simple,\u00a0predictable returns, no market volatility, and very\",\"breadcrumb\":{\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin#primaryimage\",\"url\":\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2026\/04\/FD-on-coin.png\",\"contentUrl\":\"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2026\/04\/FD-on-coin.png\",\"width\":700,\"height\":400},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/zerodha.com\/z-connect\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Business Updates\",\"item\":\"https:\/\/zerodha.com\/z-connect\/category\/business-updates\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Introducing Fixed Deposits on Coin\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/#website\",\"url\":\"https:\/\/zerodha.com\/z-connect\/\",\"name\":\"Zerodha product and business updates\",\"description\":\"Z-Connect is Zerodha&#039;s official blog. Get the latest updates, product announcements news, and insights all in one place.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/zerodha.com\/z-connect\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/ab459269e8365cddd9d34c1885428210\",\"name\":\"Team Zerodha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/48197431b96187c109ad9cec95277dad5d96c853020ea2b0f26c675792bd17a5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/48197431b96187c109ad9cec95277dad5d96c853020ea2b0f26c675792bd17a5?s=96&d=mm&r=g\",\"caption\":\"Team Zerodha\"},\"description\":\"Simple and secure, no nonsense investing and trading.\",\"sameAs\":[\"https:\/\/facebook.com\/zerodha.social\",\"https:\/\/x.com\/zerodhaonline\"],\"url\":\"https:\/\/zerodha.com\/z-connect\/author\/team-zerodha\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Introducing Fixed Deposits on Coin &#8211; Z-Connect by Zerodha","description":"Even today, a large part of household savings in India sits in fixed deposits. The appeal is simple,\u00a0predictable returns, no market volatility, and very","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin","og_locale":"en_US","og_type":"article","og_title":"Introducing Fixed Deposits on Coin","og_description":"Even today, a large part of household savings in India sits in fixed deposits. The appeal is simple,\u00a0predictable returns, no market volatility, and very","og_url":"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin","og_site_name":"Z-Connect by Zerodha","article_publisher":"https:\/\/www.facebook.com\/zerodha.social","article_author":"https:\/\/facebook.com\/zerodha.social","article_published_time":"2026-04-09T06:23:51+00:00","article_modified_time":"2026-04-09T06:35:29+00:00","og_image":[{"width":700,"height":400,"url":"http:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2026\/04\/FD-on-coin.png","type":"image\/png"}],"author":"Team Zerodha","twitter_card":"summary_large_image","twitter_creator":"@zerodhaonline","twitter_site":"@zerodhaonline","twitter_misc":{"Written by":"Team Zerodha","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin","url":"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin","name":"Introducing Fixed Deposits on Coin &#8211; Z-Connect by Zerodha","isPartOf":{"@id":"https:\/\/zerodha.com\/z-connect\/#website"},"primaryImageOfPage":{"@id":"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin#primaryimage"},"image":{"@id":"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin#primaryimage"},"thumbnailUrl":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2026\/04\/FD-on-coin.png","datePublished":"2026-04-09T06:23:51+00:00","dateModified":"2026-04-09T06:35:29+00:00","author":{"@id":"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/ab459269e8365cddd9d34c1885428210"},"description":"Even today, a large part of household savings in India sits in fixed deposits. The appeal is simple,\u00a0predictable returns, no market volatility, and very","breadcrumb":{"@id":"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin#primaryimage","url":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2026\/04\/FD-on-coin.png","contentUrl":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2026\/04\/FD-on-coin.png","width":700,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/zerodha.com\/z-connect\/business-updates\/introducing-fixed-deposits-on-coin#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/zerodha.com\/z-connect\/"},{"@type":"ListItem","position":2,"name":"Business Updates","item":"https:\/\/zerodha.com\/z-connect\/category\/business-updates"},{"@type":"ListItem","position":3,"name":"Introducing Fixed Deposits on Coin"}]},{"@type":"WebSite","@id":"https:\/\/zerodha.com\/z-connect\/#website","url":"https:\/\/zerodha.com\/z-connect\/","name":"Zerodha product and business updates","description":"Z-Connect is Zerodha&#039;s official blog. Get the latest updates, product announcements news, and insights all in one place.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/zerodha.com\/z-connect\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/ab459269e8365cddd9d34c1885428210","name":"Team Zerodha","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/zerodha.com\/z-connect\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/48197431b96187c109ad9cec95277dad5d96c853020ea2b0f26c675792bd17a5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/48197431b96187c109ad9cec95277dad5d96c853020ea2b0f26c675792bd17a5?s=96&d=mm&r=g","caption":"Team Zerodha"},"description":"Simple and secure, no nonsense investing and trading.","sameAs":["https:\/\/facebook.com\/zerodha.social","https:\/\/x.com\/zerodhaonline"],"url":"https:\/\/zerodha.com\/z-connect\/author\/team-zerodha"}]}},"jetpack_featured_media_url":"https:\/\/zerodha.com\/z-connect\/wp-content\/uploads\/2026\/04\/FD-on-coin.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/posts\/445788","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/users\/176551"}],"replies":[{"embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/comments?post=445788"}],"version-history":[{"count":4,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/posts\/445788\/revisions"}],"predecessor-version":[{"id":445796,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/posts\/445788\/revisions\/445796"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/media\/445790"}],"wp:attachment":[{"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/media?parent=445788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/categories?post=445788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zerodha.com\/z-connect\/wp-json\/wp\/v2\/tags?post=445788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}