Fixed Deposit Account Banks and non-banking financial institutions (NBFCs) offer investment instruments called fixed deposits or FDs. This is a type of term deposit in which you can deposit money at a higher interest rate compared to a savings account. The money in FD can be invested between 7 days and 10 years at a fixed interest rate. Features of a Fixed Deposit Account: It allows you to earn interest for a fixed period of time. Flexible tenure up to 10 years. There is no cap on the maximum deposit. …
What is the Interest Rate for Fixed Deposit?
