Banking
Deposits your customers can open in a minute
Fixed and recurring deposits opened, tracked, matured and closed through an API, for platforms that want a savings product without building one.
Daily
Interest accrual
Auto
Maturity handling
Per scheme
Rate configuration
What FD & RD does for you
Deposits are a simple product wrapped in difficult operations: interest accrual, maturity instructions, premature closure penalties, TDS. The API carries that arithmetic so your product team does not have to model it.
Customers see a clean journey — choose a tenure, see the maturity amount before committing, and get a certificate they can keep. Your team sees a book that reconciles.
FD and RD in one place
Lump-sum deposits and monthly instalment schemes run off the same ledger and the same reporting.
Rates by scheme and tenure
Configure slabs, senior-citizen rates and special schemes, and have the maturity value quoted before the customer confirms.
Maturity on autopilot
Auto-renew, auto-credit or hold on maturity, with the instruction captured when the deposit is opened.
Premature closure
Penalty rules apply themselves and the revised interest is recalculated rather than estimated.
TDS handled
Thresholds, Form 15G and 15H declarations and deduction records are tracked against the depositor.
Certificates and statements
Deposit advice and interest statements generated on demand, in the depositor's name.
01
Define your schemes
Tenures, rates, minimum amounts and penalty rules are configured once per product.
02
Customer opens a deposit
They pick a tenure, see the maturity figure, and fund it from their account.
03
Interest accrues daily
The ledger carries accrual, compounding and TDS without month-end intervention.
04
Maturity executes itself
Renew or credit on the recorded instruction, with the depositor notified before the date.
Entities licensed to accept them — cooperative societies, NIDHI companies and deposit-taking NBFCs. We provide the system, not the licence.
Yes. Rates are configured per scheme, tenure and depositor category, including senior-citizen differentials.
The applicable penalty is applied and interest is recomputed at the revised rate for the period actually served, with the working shown on the closure advice.
Ready when you are