Fixed Deposit Account

Get More From Your Money

A fixed deposit (FD) is a financial investment product offered by banks and other financial institutions. It allows individuals to deposit a specific amount of money for a fixed period of time at a predetermined interest rate. The deposited amount earns interest over the duration of the fixed deposit, and at the end of the term, the principal amount along with the accumulated interest is returned to the depositor.

You choose the duration or term of the fixed deposit. It can range from a few months to several years, depending on your preference and the options provided by the financial institution.