DICGC Insurance
The Deposit Insurance and Credit Guarantee Corporation insures each depositor up to ₹5 Lakhs (Principal + Interest) per bank. If a bank fails, your money is safe up to this limit.
Corporate FD
Fixed Deposits offered by companies (like Bajaj Finance, Shriram Finance) and NBFCs. They offer higher interest rates than banks but carry higher risk. Always check the credit rating (AAA is safest).
Sweep-in FD
A facility linked to your Savings Account. Any excess money above a threshold (e.g., ₹25,000) is automatically moved to an FD to earn higher interest. It flows back when you need to spend. Best of both worlds!
Floating Rate FD
A new type of FD where the interest rate is not fixed but linked to a benchmark (like Repo Rate). If rates go up, your FD return goes up (and vice versa).
Form 15G / 15H
Self-declaration forms to prevent TDS deduction. Submit Form 15G (if age < 60) or 15H (if age > 60) if your total income is below the taxable limit.