Fixed Deposit

Secure your future today FD rates as Highest as 14 for Senior Citizens)

Trusted by no of customers, Godavari Andhra Co-Operative Society Limited  is the safest investment option with attractive interest rates up to 14%.

Grow your savings with interest rates as high as 13.5%* for 72 Months.

Senior citizens get an additional 0.50%* for 72 Months.

Choose from the flexible investment options starting from 12 to 72 months.


Savings accounts are generally considered to be low-risk investments, but they are not without their downsides. Inflation can erode the value of your savings over time, and the interest rates on savings accounts may not keep pace with inflation. Additionally, some savings accounts may have fees or minimum balance requirements.  Fixed deposits remain the mainstay of India’s safest investment options.

Fixed deposit Features & Benefits

A fixed deposit (FD), also known as a term deposit, is a type of savings account offered by banks and financial institutions that provides a fixed rate of interest for a specific period of time. Here are some of the key features and benefits of fixed deposits: 

  • Features:
  • Fixed interest rate: Fixed deposits offer a fixed rate of interest for the entire tenure of the deposit, which can range from a few months to several years. The interest rate is typically higher than that offered on savings accounts.
  • Fixed tenure: The tenure of a fixed deposit is fixed at the time of opening the account, and you cannot withdraw your funds before the maturity date without incurring a penalty.
  • Low risk: Fixed deposits are considered low-risk investments because the interest rate is fixed and the funds are FDIC-insured, which means that they are guaranteed by the government up to a certain amount.
  • Benefits:
  • Guaranteed returns: Since the interest rate is fixed, you can calculate the exact amount of interest you will earn over the tenure of the deposit.
  • Regular income: Fixed deposits can provide a regular source of income if you choose to receive the interest payouts on a monthly or quarterly basis.
  • No market fluctuations: Unlike other investments, the interest rate on fixed deposits does not fluctuate with market conditions, making it a stable investment option.
  • Flexibility: Fixed deposits offer a lot of flexibility in terms of tenure, interest payout frequency, and renewal options. You can choose a tenure that suits your financial goals and choose to renew the deposit at maturity.
  • Tax benefits: Depending on your country’s tax laws, fixed deposits may offer tax benefits such as deductions on the interest earned or tax-free interest income up to a certain limit.

Overall, fixed deposits are a popular investment option because they are low-risk and offer guaranteed returns. However, it’s important to consider the interest rate, tenure, and penalty for early withdrawal before investing in a fixed deposit.