What is FD Advice

Fixed deposits are a popular investment option for most investors because of the reliable returns and minimal risk they promise. For the best FD returns, people browse the market and compare the available options before settling on the right one. Upon opening their FD account, they are handed a statement of acknowledgement from the bank. This document is known as Fixed Deposit Receipt (FDR) or Fixed Deposit Advice (FDA). This document contains details pertinent to the FD account, and acts as proof of the investment. Read on to know more about how FD advice works.

What Is FD Advice?

The bank provides a computer-generated statement that acts as a proof of ownership or investment when you open a FD. This document is the FD Advice. Here is the information contained in the document:

  • Customer’s name

  • Customer’s address

  • Customer ID

  • Account Number

  • Bank branch

  • Deposit Type

  • Deposit Amount

  • Linked Savings Account

  • Tenure/Duration of FD

  • Interest Rate

  • PAN details

  • Maturity Value

  • Terms and Conditions

  • Details about auto-closure, auto-renewal

  • Nominations (if any)

  • Penalty Terms

Investors who wish to get the best FD returns from their investment scheme, need to be aware of essentials such as the FD Advice. Without this information in hand, you may not be able to provide proof of acknowledgement as and when needed. The primary difference between the FD Advice and FD Receipt is that the former is not printed on security, it is printed on normal paper. Other than that, all the information presented in the FDR is replicated in the FD Advice.

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How to get Fixed Deposit Advice?

  • When you open an FD, you receive the FD Receipt or Advice by post or email within 8 business days from the booking date.
  • Since the FD Advice is computer-generated, it does not require bank officials to sign off on it.

  • FD Advice can also be sent directly to the customer’s registered email ID

  • In case you lose the FD receipt, you will be expected to give an indemnity bond for a duplicate receipt.

  • You do not need to provide an indemnity bond to get duplicate FD Advice; you can simply apply for one through the bank branch.


Remember, it is the bank’s responsibility to send you the FD advice. It is your duty as an investor to ensure that you have these necessary documents in order. If you don’t receive it even after the stipulated period has passed, you can contact their helpline to place a request. Every investor has the right to insist on the FD Advice as it is vitally important.

Benefits of FD Advice

Go Green

FD Advice statements sent via email save on a lot of paper as there are no print-outs involved. Not only does this cut down on paperwork, but it also saves on waste and protects the environment.

Obtain duplicates easily

In order to get a copy of the FD Receipt, customers are expected to provide an indemnity bond. Opposed to that, all you have to do to get a duplicate FD Advice is apply through your bank branch; indemn Read Moreity is not required for this. Read Less

Details at a glance

The FDA contains all the details related to the FD in one single document.

Ease of Procedure

Banking for all customers, but especially senior citizens, becomes extremely easy due to the proof and details all being in one document. As there is no involvement of security paper, the customer need Read More not worry about loss or damage to the receipt. Read Less


The FDA is as valid as the FDR, with fewer complications.

Is FD Advice safe for customers?

  • The FD Receipt is printed on security paper and carries the signature of an authorized bank official. Customers are also required to return it at the time of maturity payment or FD renewal. However, in case of the FD Advice, the account can be renewed without the advice being taken back.

  • For loans, investors can pledge the FDR to take out a loan, but they cannot use the FD Advice to do the same.

  • While the Government accepts signed FD Receipts as security, the same does not apply to FD Advice, signed or not. Hence, the FD Advice acts as an intimation for the customer and cannot be used as an assignable paper.

  • The form that is prescribed includes a particular clause that asks for indemnity from the investor to guard against the potential fraudulent use of the account. However, the investor may not be aware of this condition at the time of booking the account or may not be explicitly informed.

  • The FD Receipt is not transferable and a valid pledge cannot be made with it without the bank’s permission. In comparison, it is easier to create duplicates of the FD Advice which leaves the investor more vulnerable to fraud. This can be done via mobile devices also, and since it is on unsecured paper and is unsigned, physical copies can also be made easily.


Keeping all this in mind, investors and customers should be aware that the FD Receipt is more secure in comparison to the FD Advice, as the FDR cannot be used as approval for any action without the investor’s or bank’s explicit consent. The FD Advice’s main purpose is a convenience for customers, but it may not be the safest option.

Final notes

The FD Advice is a document that is not just handy, but is essential for any investor who needs to keep track of their account details. Every investor wants to protect their investments and get the best FD returns, while still ensuring safety of their funds. Hence, make sure to safeguard your documents properly and procure them in intact condition as and when needed. 


The information provided by BFDL is related to the rates provided by Banks and Deposit taking NBFCs as available from public domain and under no circumstances is intended to be source of advice or recommendation of any financial investment advice or endorsement of any sort. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers and use of such information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. Display of any intellectual property along with the related product information does not imply BFDL’s partnership with the owner of the intellectual property of such products and is solely for the purpose of information, unless otherwise provided by BFDL.


Is FD a safe investment?

FD is considered a safe investment as it involves low risk and offers considerable and reliable returns.

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