How to Open an FD on Bachatt: Quick and Easy Guide

Open FD on Bachatt App

Gone are the days of visiting a bank branch, filling out lengthy forms, and waiting in queues to open a fixed deposit. With Bachatt, you can open an FD from your smartphone in just a few minutes — whether you are at your shop, between client meetings, or relaxing at home. Here is a step-by-step guide to opening an FD on Bachatt.

Why Open an FD on Bachatt?

Before we get to the how, let us talk about the why. Bachatt is designed specifically for India’s self-employed population — business owners, freelancers, gig workers, and professionals who deserve the same access to financial products as salaried individuals.

Here is what makes Bachatt different:

Compare rates across banks: See FD rates from multiple banks and NBFCs side by side, so you always get the best return.
100% digital process: No branch visits, no paper forms. Everything happens on your phone.
One dashboard for all FDs: Track FDs from different banks in a single place.
Maturity alerts: Get notified when your FD is about to mature, so you can reinvest at the best available rate.
Expert guidance: Not sure which FD to choose? Bachatt helps you make the right decision based on your needs.

What You Need Before You Start

Keep these documents and information handy before opening your FD:

PAN card: Required for KYC and TDS purposes.
Aadhaar card: For identity verification.
Bank account details: The account from which you will transfer the deposit amount and where interest or maturity proceeds will be credited.
Mobile number linked to Aadhaar: For OTP verification.
The amount you want to invest: Decide how much you want to deposit.

Step-by-Step Guide to Opening an FD on Bachatt

Step 1: Download and Sign Up

Download the Bachatt app from the Google Play Store or Apple App Store. Create your account using your mobile number. The signup process takes less than 2 minutes.

Step 2: Complete Your KYC

Complete the one-time KYC (Know Your Customer) verification. You will need to enter your PAN number, Aadhaar details, and verify with an OTP. This is a one-time process — once done, you can open multiple FDs without repeating it.

Step 3: Browse and Compare FD Options

Navigate to the Fixed Deposits section on the app. You will see a list of available FD options sorted by interest rate. You can filter by:

Tenure (1 year, 2 years, 3 years, etc.)
Interest rate (highest first)
Bank type (public sector, private, small finance bank, NBFC)
Special categories (tax-saving FDs, senior citizen FDs)

Step 4: Select Your FD

Choose the FD that best suits your needs. Review the details carefully:

Interest rate and effective yield
Tenure
Minimum and maximum deposit amount
Interest payout options (cumulative or non-cumulative)
Premature withdrawal terms

Step 5: Enter Investment Details

Enter the amount you want to deposit. Choose your preferred interest payout option:

Cumulative: Interest is compounded and paid at maturity (higher total returns).
Non-cumulative: Interest paid monthly, quarterly, or annually (regular income).

Add a nominee for your FD — this is important for the security of your investment.

Step 6: Confirm and Pay

Review all the details one final time. Confirm the deposit and transfer the amount through the available payment options — UPI, net banking, or NEFT. Your money is transferred directly to the bank or NBFC where the FD is being opened.

Step 7: FD Confirmation

Once the payment is processed, you will receive a confirmation with your FD details — certificate number, interest rate, maturity date, and expected returns. The FD will appear in your Bachatt dashboard, where you can track it at any time.

Managing Your FDs on Bachatt

After opening your FD, Bachatt helps you stay on top of your investments:

Dashboard view: See all your FDs across banks in one place with key details at a glance.
Maturity alerts: Get notified before your FD matures so you can plan reinvestment.
Interest tracker: Track how much interest you have earned across all FDs — useful during tax season.
Reinvestment suggestions: When an FD matures, Bachatt shows you the best available rates for reinvestment.

Tips for First-Time FD Investors on Bachatt

Start small if you are new: Open a small FD first to get comfortable with the process.
Compare before committing: Spend a few minutes comparing rates — the difference between banks can be significant.
Consider laddering: Instead of one big FD, open multiple smaller FDs with different tenures.
Set maturity reminders: Bachatt does this automatically, but it is good to be aware of when your money becomes available.

Ready to Open Your First FD?

Bachatt is built for India’s self-employed masses who deserve simple, transparent, and rewarding savings options. Whether you have Rs 5,000 or Rs 50 lakh to invest, Bachatt helps you find the best FD in minutes. Download the Bachatt app now and start earning better returns on your savings today.