When you open an FD, the bank issues a Fixed Deposit Receipt (FDR), which serves as proof of your investment. The FDR records details like the deposit amount, tenure, interest rate, maturity value and nominee. It is essential for premature closure or for availing a loan against the FD. Investors should store the FDR safely and ensure the nominee information is up to date. Duplicate FDRs can be issued in case of loss, but banks may charge a fee and require indemnity.
Components of an FDR
| Item | Description |
|---|---|
| Deposit amount | Principal invested in the FD |
| Tenure | Duration of the deposit (7 days to 10 years) |
| Interest rate | Applicable rate at the time of booking |
| Maturity value | Amount payable on maturity (principal + interest) |
| Nominee | Person authorised to claim proceeds in case of depositor’s death |
Retain your FDR until the FD matures or is closed. In digital banking, banks often issue an electronic FDR or advice that you can save or print from your net‑banking portal.
