Maximum Tenure for Fixed Deposits in India

• The maximum tenure for a fixed deposit in India generally extends up to 10 years.
• Most public and private sector banks offer FDs ranging from 7 days to 10 years.
• Cooperative banks and small finance banks may also follow similar tenure limits.
• Some banks may offer special long-term FDs with flexible features beyond 10 years under specific conditions.
• The chosen tenure affects the interest rate, liquidity, and taxability of the deposit.

Tenure Options by FD Type

• Standard Fixed Deposits: Up to 10 years, with fixed interest.
• Tax-Saving FDs: Fixed tenure of 5 years with tax exemption under Section 80C.
• Senior Citizen FDs: Also extend up to 10 years, often with additional interest.
• FCNR Deposits (for NRIs): Maximum tenure typically up to 5 years, depending on the currency.
• Recurring Fixed Deposits: May also stretch up to 10 years for systematic monthly deposits.

Bank-Specific Terms

• Some banks offer limited maximum tenures for digital FDs, such as up to 5 years online.
• Private banks may introduce promotional FDs with unique tenures (e.g., 555 days, 999 days).
• For large deposits or corporate customers, customized tenure options may be available upon request.

Important Considerations

• Longer tenure FDs earn more interest but reduce liquidity.
• Premature withdrawal may lower returns even if long tenure is chosen.
• Auto-renewal options are available to continue the deposit beyond 10 years.
• Choose tenure based on your financial goal, liquidity need, and tax plan.