What is the penalty for premature withdrawal of fixed deposit? How is Fixed Deposit interest calculated? Fixed deposits are offered by banks and NBFCs non-banking financial companies. As per current Securities and Exchange Board of India Sebi Mutual Fund Regulations, an equity mutual fund scheme must invest at least 65 percent of its assets in equities and equity-related instruments. The Indian government has taken several measures in various sectors for the benefits of the Senior Citizens. Such third party cookies may track your use on Goodreturns sites for better rendering. All rights reserved.