Fixed Deposits

A Fixed Deposit (FD) is a safe and reliable investment option where you deposit a lump sum amount with a financial institution for a predetermined period. In return, your investment earns interest at a fixed rate, which is determined at the time of opening the FD. You can choose how you want to receive the interest — whether monthly, quarterly, half-yearly, or annually — based on your preference. FDs offer a guaranteed return, making them a popular choice for those seeking a low-risk, stable investment to grow their savings over time.

What is a FD?

A Fixed Deposit (FD) is an investment where an individual deposits a lump sum amount with a financial institution for a specific period. The amount deposited earns interest at a fixed rate set at the time of opening the FD. Investors can choose to receive the interest earned on a monthly, quarterly, half-yearly, or annual basis, depending on their preference.

How does an FD work?

Types of Fixed Deposits

Conventional FD

Tax-saving FD

Senior Citizen FD

To know more, connect with us!