Fixed Deposit Benefits for Couples Seeking Guaranteed Returns and Financial Stability

Posted on Thursday, April 24th, 2025 | By IndusInd Bank

In the world of personal finance, selecting an investment plan is paramount for financial stability and growth for a couple. However, one investment choice that many couples take to due to guaranteed returns is fixed deposits (FDs). This makes FDs the preferred investment choice for risk-averse individuals. This is due to their ease of setup, security, and guaranteed interest.

Here is a guide that tells the merits of fixed deposits for couples, specifically keeping in mind their features in the Indian banking sector.

What is a Fixed Deposit?

A fixed deposit is a bank savings product where money is deposited for a specified period at a fixed interest rate. During this period, money grows till maturity, at which point it is disbursed as a combination of principal and interest. The assured returns make FDs an ideal investment for individuals and couples that minimize risk while providing for steady growth of their investments.

Benefits of Fixed Deposits for Couples

A fixed deposit account is considered a staple investment by many due to the certainty they offer. As a couple, financial certainty can offer precious peace of mind. Here are a few benefits of fixed deposits for couples that you should know:

1.     Guaranteed Returns for Financial Security

FD are attractive due to the guaranteed returns they generate. They provide stability, unlike shares or mutual funds that are subject to volatility of the market. Couples that are planning their financial future can rest easy that their savings will get them decent returns without having to deal with any market risks. The interest rate of an FD is also predictable. This means you can plan confidently for bigger financial goals. 

2.     Joint Accounts for Shared Goals

Fixed deposit accounts can be opened jointly, thus making FDs the perfect choice for couples aiming to share common financial purposes. A joint FD account thus makes storing money simple and grants both partners equal access and control over their investment. This setup ensures transparency and fosters collaborative financial planning.

3.     Competitive Interest Rates

Indian banks are offering competitive FD interest rates, thereby enabling couples with significant savings to earn optimal returns through fixed deposits. Although the interest rates differ from bank to bank and period to period, one can compare and choose the best option for them. Senior citizens too are offered higher rates with banks. Hence, FDs are a tempting option for older couples or those in for a long-haul investment.

4.     Tax Benefits of Strategic Planning

Another attraction for couples is that these deposits also come with certain tax benefits. Although the interest earned thereon becomes taxable, tax-saving FDs available under Section 80C of the Income Tax Act provide an opportunity for couples to reduce their taxable income. Hence the couple can plan finances strategically to gain tax savings to maximum level.

5.     Safe and Secure Savings

In an unpredictable financial world, FDs provide unrivalled security. In India, deposits are insured up to certain limits by Deposit Insurance and Credit Guarantee Corporation (DICGC). Therefore, an assurance exists that the principal amount is protected against adverse conditions.

6.     Meet Life’s Milestones

FDs provide an important avenue for couples to save money for critical life milestones like home purchases, child education, and retirement planning. Hence, you should ensure that your fixed deposit tenure lines up with the timeline you have set for a particular goal.

Investing with the right bank can give you any and all of the fixed deposit benefits mentioned above. IndusInd Bank’s Fixed Deposits are a part of the bank’s robust financial product portfolio, designed to cater to diverse customer needs. Here are a few reasons you should consider IndusInd Bank for your Fixed Deposit:

How IndusInd Bank Fixed Deposits Stand Out?

1. Competitive Interest Rates

Investing in a fixed deposit with IndusInd Bank gets you attractive fixed deposit interest rates up to 7.75% p.a. You can use a fixed deposit calculator to estimate your final returns.

2. 100% Digital Application

Investing in a fixed deposit is even easier with IndusInd Bank due to their 100% digital process. Your need to share minimal documentation.

3. Auto-Renewal Facility

With IndusInd Bank, you can automatically renew your FD when it matures with the bank’s Auto Renewal facility.

4. Tax Saver FD

You can book a Tax Saver FD of 5 years with IndusInd Bank. This allows you to save tax while securing your future.

Also Read: 7 Reasons to Invest in Fixed Deposits

Conclusion

Fixed deposits help make financial planning sound for couples. The guaranteed returns, safety, and flexibility of this instrument helps to achieve financial stabilization. Tools like the FD calculators and comparing the interest from different banks allow couples to decide the best plans to get optimal returns on investments. Additionally, tax benefits and the security of money add to the charm of this investment option.

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.