Can we open fixed deposit without bank account

Yes, you can open a Fixed Deposit (FD) without having a savings or current account with the specific bank or financial institution. Many Indian banks and NBFCs offer standalone or digital FDs that allow you to invest by simply completing your KYC (Aadhaar and PAN) and transferring funds from any other existing bank account via UPI or Net Banking. On maturity, the principal and interest are credited back to your nominated bank account. This provides a convenient way to earn higher returns without the hassle of managing multiple bank accounts.