Empower Your Savings: Top Fixed Deposit Schemes Tailored for Women in India

Fixed deposit schemes for women generally allow women depositors to earn higher interest rates compared to general citizens in India. In addition, these fixed deposits offer added benefits for women such as loan facilities, options to choose interest payout and premature closure facilities. As a result, women can choose these fixed deposits to build a corpus or earn regular interest income. Learn in detail about these schemes here to make informed decisions. 

Top 3 Fixed Deposit Schemes for Women

Here are some of the best fixed deposit schemes for women:

1. Shriram Finance Fixed Deposit for Women

Shriram Finance offers a 0.10% higher interest rate for its women customers. As a result, women can book a fixed deposit with this NBFC to get higher interest rates compared to general citizens for a given tenure and amount.

The eligibility criteria for a 0.10% higher interest rate for women are as follows:

• Resident individual Indian
• An adult woman

The benefits of this fixed deposit include the following:

• Higher interest income compared to regular citizens
• Flexibility to choose any tenure and amount
• Multiple interest payout options such as monthly, quarterly, half-yearly, annual or at-maturity

The following table illustrates the tenure, interest rate and minimum amount to start this fixed deposit:

1. Bajaj Finserv Fixed Deposit for Women

Bajaj Finserv offers a special fixed deposit for women in India at competitive interest rates. Here are the eligibility criteria for this fixed deposit:

• Resident Indians
• Individuals possessing KYC documents like PAN card and Aadhaar card

You can reap the following benefits of the Bajaj Finserv Fixed Deposit Scheme for Women:

• Flexible term up to 60 months
• Higher interest rate compared to regular citizens
• Options to choose variable interest payout periods

The interest rate, minimum amount and tenure for such deposit up to ₹3 crore are as follows:

1. DHFL Swayamsidha Deposit for Women

DHFL Swayamsidha deposit offers various benefits for female depositors. Here are the eligibility criteria for the scheme:

• In the case of a joint holding account, the first holder should be a woman
• Individual woman
• Minor girl under guardianship

The following are the benefits of this scheme:

• You can invest in this scheme for your minor daughter.
• This scheme allows you to invest with any female member of your family as the first holder.
• You can increase your investment amount in multiples of ₹1,000

The table below illustrates the tenure, minimum amount and interest rate for this scheme:

Final Word

A secure future begins with smart investments, and for every woman, financial independence is key. Fixed deposits (FDs) offer a safe and steady way to grow your savings while protecting them from market ups and downs. They not only provide higher returns than many other risk-free options but also ensure liquidity, allowing you to access funds when needed. 

With the above-mentioned fixed deposit schemes for women, you can build a financial safety net and stay prepared for life’s uncertainties. Apart from these, explore the high-yielding FD options available via the Stable Money app, offering up to 9.50%!