About Fixed Deposit
A Fixed Deposit (FD) is a financial instrument offered by banks and financial institutions, where you deposit a lump sum amount for a fixed tenure at a predetermined interest rate. The principal and interest are paid at maturity.
Benefits of Fixed Deposit
The benefits of investing in a Fixed Deposit include guaranteed returns, capital protection, liquidity options, and tax benefits (under specific conditions). It is a low-risk investment option that provides stability to your portfolio.
