Fixed deposit (FD)
Fixed deposit (FD)
Fixed deposit (FD) is a type of savings account that pays a fixed rate of interest for a specified period of time. It is a safe and secure investment option for those looking to save and grow their money. Fixed deposits are a popular investment option in India due to their stability and the guaranteed returns. They are suitable for individuals looking for a low-risk investment option and for those seeking to park their funds for a short or medium-term.