Frequently Asked Questions

Whenever this question arises in our mind we always talk about our benefits.
1. Fundwill provides you security.
2. Fundwill save your money.
3. Fundwill protect your interest.
4. Fundwill gives you high profit.

1. High Interest Rate.
2. High Stability.
3. Flexible Tenure.
4. Online And Easy Process.
5. Auto Renewal.
6. No Withdrawal Charges.

You can Contact us by visiting Contact Us Page.
or you can directly contact us by live chat support.
or Kindly place a mail on support@fundwillindia.com

Kindly Visit Home Page for applying a loan. But before applying, we request you to chat with our support team to understand the terms and to check your eligibility.

Kindly Visit Fixed Deposit Page to read about FD. and
visit FD section from Dashboard to open a new FD.

Kindly Visit Recurring Deposit Page to read about RD. and
visit SAving section from Dashboard to open a new RD.

Basically your profile submission is the first essential step and the button will be visible on your dashboard after login. But in case of ne update to your profile you have to contact with support team. They will update your profile as soon as possible.

When you login to your account you will see available schemes ie. Saving Section, FD Section, Refundable Donations etc. From there you can choose any one whom you want to check respective detail. On further you will see available options. If still you don't find your desired options, you can contact our support team.

To make the savings available fo all the minimum amount for opening a FD is 2,000 INR only. There is no upper limit to save.

Please Login to your Account and visit FD section and apply for a FD.

Generally all FD plans have maturity time of 12 months to 120 months. On special plans they may vary.

You can always consider renewing your Fixed Deposit, as you approach the maturity period. However, in case you don’t choose to renew your Fixed Deposit, you can request to receive the final maturity amount directly in the bank account linked with your FD.

There is a fixed lock-in period of 2 months, when investing in a Fixed Deposit. While there is no penalty on withdrawing your deposit before maturity, you may incur losses in terms of interest you could earn. To help you avoid incurring such losses, we offers an easy Loan against Fixed Deposit, so you can cater to your urgent finance requirements, without having to break your FD.

Generally the process takes upto 3 days . But if you have any query then you can get in touch with our support team by online chat, or drop a mail to support@fundwillindia.com

We have all details of FDs published on respective pages. But in case of any query you can directly contact us by mail at support@fundwillindia.com, or you should try our live chat support for instant help.

Yes, But you can change only nominee not co-applicant.

No, you have to submit these documents only once after opening a new FD.

Generally your FDs are on auto renewal. But in case of renewal you should contact us by chat,mail or submit FD renewal Form from form section available in your Account Page.

You will see button for applying Loan against FD in you FD section. Click on it and fill up the form.

Kindly Carefully check in you bank account and in Pdf of statement sent to you. If you have still any query kindly contact us by mail us at support@fundwillindia.com or using live chat support

Kindly Fill up the bank change form from form section. You can ask chat support for further help.

Your maturity amount will be transferred to your bank account by NEFT or UPI.

Visit Your scheme Section from account page to confirm your interest rate.

Kindly visit FD section from your account page.

Generally your interest amount will be paid after every 12 months. This time can be monthly,quarterly,half yearly as per scheme selected by you.

Fundwills FD investment cannot be shown as an investment under section 80C for tax deduction benefit.

At the time of opening a FD you have to submit some basic details only, After 7 days our team will contact you for further submission of required documents.
For individuals:
1. Recent Photograph
2. VID (Virtual Identification Number)/ Aadhaar Card /Proof of Application for Enrolment of Aadhaar
3. Pan card
Or
3. Form 60 + any 1 of the below mentioned OVDs (Officially valid documents):
• Valid passport
• Valid driving license
• Voter's ID card
• NREGA job card
• Letter containing name and address issued by National Population register
For Sole Proprietorships:
1. Recent Photograph of proprietor
2. VID (Virtual Identification Number)/ Aadhaar Card /Proof of Application for Enrolment of Aadhaar of proprietor
3. Pan card of proprietor
Or
3. Form 60 of proprietor + any 1 of the below mentioned OVDs (Officially valid documents):
• Valid passport
• Valid driving license
• Voter's ID card
• NREGA job card
• Letter containing name and address issued by National Population register
4. Pan card of Sole Proprietorship
5. Any 2 of the below mentioned documents of Sole Proprietorship:
• Registration certificate
• Certificate/license issued by the municipal authorities under Shop and Establishment Act
• GST or Income tax returns
• GST certificate (provisional/ final)
• Certificate/registration document issued by Professional Tax Authorities
• License/certificate of practice issued in the name of the proprietary concern by any professional body incorporated under a statute
• Complete Income Tax Return (not just the acknowledgement) in the name of the sole proprietor where the firm's income is reflected, duly authenticated/acknowledged by the Income Tax authorities
• Importer-Exporter Code issued by Directorate General of Foreign Trade
• Utility bill, which is not more than two months old, of any service provider (Electricity, water, piped gas, postpaid mobile, telephone bill)

For HUFs:
1. Recent Photograph of Karta
2. VID (Virtual Identification Number)/ Aadhaar Card /Proof of Application for Enrolment of Aadhaar of Karta
3. Pan card of Karta
Or
3. Form 60 of Karta + any 1 of the below mentioned OVDs (Officially valid documents):
• Valid passport
• Valid driving license
• Voter's ID card
• NREGA job card
• Letter containing name and address issued by National Population register
4. Pan card of HUF
5. Deed
6. Utility bill, which is not more than two months old, of any service provider (Electricity, water, piped gas, postpaid mobile, telephone bill) of HUF

For Registered partnerships:
1. Recent Photograph of all partners
2. VID (Virtual Identification Number)/ Aadhaar Card /Proof of Application for Enrolment of Aadhaar of all partners
3. Pan card of all partners
Or

3. Form 60 of all partners + any 1 of the below mentioned OVDs (Officially valid documents):
• Valid passport
• Valid driving license
• Voter's ID card
• NREGA job card
• Letter containing name and address issued by National Population register
4. Pan card of registered partnership
5. Deed
6. Utility bill, which is not more than two months old, of any service provider (Electricity, water, piped gas, postpaid mobile, telephone bill) of registered partnership
7. Power of attorney granted to attorney holder to transact on its behalf
8. Registration certificate

For unregistered partnerships:
1. Recent Photograph of all partners
2. VID (Virtual Identification Number)/ Aadhaar Card /Proof of Application for Enrolment of Aadhaar of all partners
3. Pan card of all partners
Or
3. Form 60 of all partners + any 1 of the below mentioned OVDs (Officially valid documents):
• Valid passport
• Valid driving license
• Voter's ID card
• NREGA job card
• Letter containing name and address issued by National Population register
4. Pan card of registered partnership
5. Deed
6. Utility bill, which is not more than two months old, of any service provider (Electricity, water, piped gas, postpaid mobile, telephone bill) of registered partnership
7. Power of attorney granted to attorney holder to transact on its behalf

For registered trusts:
1. Recent Photograph of all trustees
2. VID (Virtual Identification Number)/ Aadhaar Card /Proof of Application for Enrolment of Aadhaar of all trustees
3. Pan card of all trustees
Or
3. Form 60 of all trustees + any 1 of the below mentioned OVDs (Officially valid documents):
• Valid passport
• Valid driving license
• Voter's ID card
• NREGA job card
• Letter containing name and address issued by National Population register
4. Pan card of trust
5. Deed
6. Utility bill, which is not more than two months old, of any service provider (Electricity, water, piped gas, postpaid mobile, telephone bill) of trust
7. Power of attorney granted to attorney holder to transact on its behalf
8. Registration certificate

For Unincorporated Association/Body of Individuals/Unregistered Trusts:
1. Recent Photograph of all authorities
2. VID (Virtual Identification Number)/ Aadhaar Card /Proof of Application for Enrolment of Aadhaar of all authorities
3. Pan card of all authorities
Or
3. Form 60 of all authorities + any 1 of the below mentioned OVDs (Officially valid documents):
• Valid passport
• Valid driving license
• Voter's ID card
• NREGA job card
• Letter containing name and address issued by National Population register
4. Pan card of entity
5. Deed
6. Utility bill, which is not more than two months old, of any service provider (Electricity, water, piped gas, postpaid mobile, telephone bill) of trust
7. Power of attorney granted to attorney holder to transact on its behalf
8. Registration certificate
9. Resolution of managing body

For School:
1. Copy of resolution
2. Copy of Memorandum and Articles of Association / Bye-law
3. Certified true copy of registration certificate [in case of society registered under Societies Registration Act, 1860 or any other corresponding law in force in State or a Union Territory]
4. VID (Virtual Identification Number)/ Aadhaar Card /Proof of Application for Enrolment of Aadhaar of all authorities
5. Pan card of all authorities
Or
5. Form 60 of all authorities + any 1 of the below mentioned OVDs (Officially valid documents):
• Valid passport
• Valid driving license
• Voter's ID card
• NREGA job card
• Letter containing name and address issued by National Population register
6. For proof of address of the society, any of the following should be obtained
• Copy of Certificate issued by Registrar of Co-op Societies.
• Bank certificate from existing banker.
• Bank statement of accounts for the preceding 3 months.
• Registration certificate having address issued by the Central / State or any other local government authority

For Companies:
1. Certificate of incorporation/registration and Memorandum & Articles of Association
2. Resolution passed by the Board of Directors authorizing its personnel to enter into transactions/agreements and to open and operate bank accounts on its behalf, their names and specimen signature(s)
3. PAN allotment letter/PAN card of the company
4. Latest telephone/electricity bill or bank account statement and a cancelled cheque
5. An officially valid document (PAN,passport, driving license,Voter’s identity card, Aadhaar Card) identify the directors, employees and persons authorized for such transactions and their addresses.
• Valid passport

No, but by default company will be assumed as your default referral.

We are a service oriented organization with complete focus on delivering the best service experience. Some of the key highlights being:
• Easily accessible account
• Simple and transparent policies
• A readily available Fixed Deposit online calculator which will help you plan your needs
• Detailed SMS and email communication to customers while booking a Fixed Deposit, from request to maturity
• 24/7 Live chat support team
• An overall experience to delight

An investment in one of the most reputed brands in India, FIL FDs offers a host of benefits:
• Minimum deposit size of Rs.2,000. There is no maximum amount limit
• Highest safety of your money
• Attractive and assured rates of interest for your money to grow periodically
• Choose a tenor of any number of months from 12 to 60 carrying different rates of interest to suit everyone’s needs
• 24/7 Live chat support team
• Access to all product details on our Customer Portal
• Flexibility of payment option through electronic or physical modes
• Special rates for senior citizens, existing customers and group employees

No. Since you have locked in your money with us at a specific rate, you will continue to receive that rate till maturity. If you wish to avail the new rate, we suggest you invest in a new deposit with us.
But In some special types of FDs this can be applicable as per terms defined for that scheme.

Yes. Additional rate of 0.10% p.a. (for deposit size up to ₹5 Crore) is applicable over and above special category benefit. For e.g, if a senior citizen wants to renew his deposit for 48 months in annual cumulative mode, he will get 8.05%+0.10% = 8.15% on renewal

Kindly visit respective page of that scheme to read more about this type of info

We offer cumulative & non-cumulative interest payment options.
• In a 'Non-cumulative’ fixed deposit scheme, the interest is payable on a monthly, quarterly, semiannually and yearly basis. This scheme will be convenient if you require periodical interest payment.
• In a 'Cumulative’ term deposit scheme the interest is payable at the time of maturity along with the principal and is compounded annually. This scheme is suitable for an individual who does not require periodic interest payment and acts as a money multiplier scheme. The interest will be compounded annually and the final payout will be subject to deduction of tax, wherever applicable.

Individuals, Companies, HUFs, Body of Individuals, Association of Persons, Societies, Trusts, Sole Proprietorships, Partnerships, Societies (both residential as well as credit co-operative), Clubs, Schools, Universities etc can invest

A Fixed Deposit scheme is a savings option which helps you earn interest on your money parked with Fundwill India Ltd at periodic intervals either through simple or compounded interest on the principal amount. The rates of interest are typically higher than money parked in savings accounts owing to the fact that the money is locked in for a specific period and cannot be withdrawn at will of the depositor, except in certain scenarios in which customer is ready to bear the prematurity penalty.

The interest rates vary from time to time. You can view the latest interest rates by clicking on "RD interest rate" link provided in RD info page.

Maturity amount calculated by amount invested with current rate of interest and for total no of days. You can ask about maturity amount by sending a mail to us or by live chat support.

Yes, you can close your RD account any time but in general RDs your amount will be given to you after half of maturity time. For special RDs their will be different terms and conditions as per scheme.

Generally there are no pre-mature closure charges. If any Rd plan has this will be written on its specification page. You can ask from our support team by your Plan id.

In most cases this is 1% of investment amount. For more than one default in investment we will deactivate your RD and your payment will be on hold till maturity time, However you will continuously earn interest rate at 5%pa from that day.

Generally there is no TDs on RDs, but there are some charges like environment contribution, national donations which will be charged and this money will be used for charity and social works.

You can earn interest from 7% pa to 11.5% pa

This is a version of a ‘term deposit’ offered by Indian banks. It allows the investors to credit a fixed amount into their Recurring Deposit account on a monthly basis, and earn interest at a rate that varies between 5.25% to 11.5% for a tenure of one year.
The primary benefit of a recurring deposit over an FD is that you can commit to investing a fixed amount every month, whereas an FD relies on a lump sum payment, which many may not be in a position to do regularly.

Yes RD can be open for a minor but not as a joint account.