Issuance of FD/RD Advice

​​​When you open a Recurring Deposit (RD) or Fixed Deposit (FD), the bank provides an official advice/receipt. This document confirms your deposit details, such as amount, tenure, interest rate, and maturity date, serving as proof of investment.

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Credit Guarantee Fund Trust For Micro And Small Enterprises CGTMSE

How to Get Your RD/FD Advice

Via InstaServices

  • Visit the InstaServices page. 

  • Enter your Registered Mobile Number.

  • Verify your identity using your Date of Birth / PAN / Customer ID.

  • Click on ‘Get OTP’ and authenticate using the OTP sent to your registered mobile number.

  • If you have multiple Customer IDs, select the one for which you need the advice/certificate. If you have a single ID, simply click ‘Continue’ to proceed.

  • Complete the second layer of verification using Debit Card/NetBanking/Aadhaar eKYC. For example, if you select NetBanking, enter your Customer ID and Password/PIN and click on ‘Continue’.

  • Select your FD/RD Number and click on ‘Submit’.

  • Verify your FD/RD details, agree to the Terms & Conditions, and click on ‘Confirm & Approve’.

  • Once your request is authenticated, the FD/RD Advice will be processed and sent to your registered Email ID shortly.

  • You will get a confirmation message from the bank via SMS, WhatsApp, or E-mail.

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No need for collateral

Overview of FD/RD Advice

An FD/RD advice is an official document issued by the bank. It serves as proof of your Fixed Deposit (FD) or Recurring Deposit (RD). It confirms important details such as the deposit amount, tenure, interest rate, maturity value, and maturity date. 

An FD/RD advice is an essential document that secures your deposit details and ensures transparency. Here’s why it is important:

  • Acts as official proof of your FD/RD investment.

  • Clearly mentions deposit amount, tenure, and interest rate.

  • Helps track maturity date and value.

  • Useful for renewals, claims, or resolving disputes.

  • Provides confidence and transparency in your savings journey.

FD vs RD: Benefits at a Glance

  • Both Fixed Deposits (FDs) and Recurring Deposits (RDs) are secure investment options, but they serve different needs.
  • Benefits of Fixed Deposits (FDs):

    • Invest a lump sum and earn higher, assured returns.
    • Flexible tenures and payout options (monthly, quarterly, or at maturity).
    • Suitable for those with surplus funds looking for steady growth.
    • Can be used as collateral for loans or overdrafts.
  • Benefits of Recurring Deposits (RDs):

    • Deposit small, fixed amounts monthly; easy on the pocket.
    • Encourages disciplined savings habits over time.
    • Ideal for salaried individuals or students with regular income.
    • Earns assured returns similar to FDs without needing a large lump sum.

Frequently Asked Questions

FD requires a one-time lump sum investment, while RD allows small monthly deposits over a fixed period.

Both FD and RD offer attractive, pre-decided interest rates that vary by tenure and bank policy.

You can apply online via InstaServices. Alternatively, you can visit a branch and fill out the request form.

FD suits those with lump sum funds, while RD is ideal for regular savers looking for disciplined investments.

The minimum amount differs by bank. However, it usually starts from as low as ₹100 for RDs and ₹1,000 for FDs.

Yes, premature withdrawal is allowed, but it may attract a small penalty or reduced interest.

Issuance of FD/RD Advice Now!

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