MythBuster: Do You Need to Have a Savings Account to Open an FD?

To sum it up, no — opening a new bank account is not a mandatory requirement to open Digital FDs. You can invest or open a standalone fixed deposit. However, having a savings account with the same bank adds convenience and unlocks additional benefits that can make your FD experience smoother and more rewarding.

So, while the myth is officially busted, choosing whether or not to link your savings account comes down to what works best for your needs.
 

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