Fixed Deposit

An Investment option known as a Fixed Deposit (FD), sometimes called a “Time Deposit” or “Term Deposit,” enables depositors to park their idle funds for a predetermined amount of time and collect fixed interest on them at regular intervals during the selected tenure or at maturity. It is a well-liked investment option, particularly for novice and cautious investors, because it provides capital protection and income assurance. These characteristics also make fixed deposits the perfect tool for parking emergency and post-retirement corpuses, as well as for achieving short-term financial objectives.