Fixed Deposit is a low-risk financial instrument that helps investors to grow savings at a fixed rate of interest, which is higher than the interest rates offered by savings accounts. The convenience of investing along with the safety of your deposit can help you plan your short-term and long-term goals easily.
In a Fixed Deposit, the sum of money is blocked for the period of the deposit. Banks allow depositors the flexibility to invest their funds from periods as low as 7 days to 10 years. The interest rate on the deposit depends on the period for which the funds are placed with the bank.
Features of Fixed Deposit Account
Benefits of Fixed Deposit
Why should one Apply for Fixed Deposit?
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