Fixed Deposits (FD Tracker)

Fixed Deposits — Complete Guide

🕒 11 min read 🕒 Updated 22 Apr 2026

What is the FD Tracker?

The Fixed Deposit Tracker is a sub-module within Wevanta that attaches to any account of type Fixed Deposit. Instead of just knowing the total value of your FDs, you get a complete record of every individual FD certificate — its rate, tenure, maturity date, nominee, and a pre-configured maturity alert so you never accidentally let an FD roll over at a lower interest rate.

Step 1: How to Add an FD Record

Method A — From the Account Detail Page

The most common way. Navigate to Accounts → [Your FD Account] and click Add FD. This automatically links the new FD to that account.

Method B — Directly via FD Module

Go to Accounts → Fixed Deposits from the sidebar. This shows all FDs across all your FD accounts in one consolidated view.

Step 2: The FD Creation Form — Every Field

FieldWhat to EnterRequired?
FD Number / ReferenceThe unique reference number printed on your FD receipt or certificate. E.g., 0393-2949-001 or FD/HBL/2024/00123. Used for reconciliation with bank statements.Optional
Deposit TypeSelect: Bank (regular bank FD), Company (corporate fixed deposit from companies like Bajaj Finance, Shriram), Infrastructure Bond, RBI/SBI Relief Bond, or Others. This categorises the FD for risk and reporting purposes.✅ Required
Start DateThe date the FD was opened / the deposit was made.✅ Required
Maturity DateThe date the FD matures and becomes withdrawable. Wevanta uses this for the maturity reminder.Optional
Period (Months)The tenure in whole months. E.g., 12 for a 1-year FD, 36 for a 3-year FD. Can be used as an alternative to entering the Maturity Date directly.Optional
Period (Days)Additional days beyond the months tenure. E.g., for a 1-year-15-day FD: 12 months + 15 days.Optional
Interest Rate (%)The annual interest rate offered by the bank. E.g., 7.5 for 7.5% p.a. This is used purely for record-keeping and display — Wevanta does not auto-calculate interest accrual for FDs (you update the maturity value manually).Optional
Invested AmountThe principal amount deposited. This is the money that went in from your pocket.✅ Required
Maturity ValueThe total amount you will receive at maturity (principal + all interest). Enter this from your FD certificate or receipt. This is what Wevanta shows as the current value of this FD in your Net Worth.Optional
NomineeThe name of the nominee registered with the bank for this FD. Purely for your records — critical for family continuity documentation.Optional
Remind Me (Days Before Maturity)Enter a number (e.g., 7 or 30). Wevanta will automatically create a Planning Reminder that fires this many days before the Maturity Date, alerting you to decide whether to renew, withdraw, or reinvest at current rates. This prevents money sitting idle in a savings account at 3% when it should be re-invested at 7.5%.Optional

Step 3: FD Statuses

StatusMeaning
ActiveThe FD is currently running, maturity date is in the future.
MaturedThe maturity date has passed but no withdrawal has been recorded yet.
WithdrawnThe FD has been closed and the money withdrawn. You record the withdrawal date and amount.

Step 4: How FDs Affect Your Net Worth

When you enter a Maturity Value, that value is used as the current value of this FD in your Net Worth and Asset Allocation pie chart. If you do not enter a Maturity Value, the Invested Amount is used instead. Update the Maturity Value whenever your bank provides an updated maturity statement.

Step 5: Recording a Withdrawal

When an FD matures and you withdraw the funds, open the FD record and click Mark Withdrawn. Enter the withdrawal date and the actual amount received (which may differ from the estimate if there was a premature withdrawal penalty). The FD status changes to Withdrawn and it is removed from your active Net Worth calculation.

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Premature Withdrawal Penalty: If you break an FD before maturity, most banks charge a 0.5–1% penalty on the interest earned. Record the actual withdrawal amount (after penalty deduction) so your Net Worth is accurate. Do not leave a withdrawn FD with Active status — it will overstate your wealth.
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Best Practice: Always set a maturity reminder 30 days before — not 7 days. You need at least 2–3 weeks to compare rates across banks, decide renewal terms, and initiate any transfer. A 7-day reminder is often too late to act strategically.