What Is Fixed Deposit

In most cases fixed deposits carry a duration of five years. Fixed deposits are one of the safest form of investment. And on that fixed amount there will be a certain percentage of interest rates are levied.

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It may or may not require the creation of a separate account.

What is fixed deposit. A fixed deposit fd is a financial instrument provided by banks or nbfcs which provides investors a higher rate of interest than a regular savings account until the given maturity date. Fixed deposit is an investment vehicle which allows investors to put their idle money into and turn it into guaranteed returns. Fds are also called term deposits. It may or may not require the creation of a separate account.

It is one of the most preferred avenues that enables you to deposit a lump sum amount with your financier and choose a tenure as per your convenience. The most unusual characteristic of a fixed deposit is that the funds cannot be withdrawn for a specified period of time. In a fixed deposit you put a lump sum in your bank for a fixed tenure at an agreed rate of interest. As an investment instrument offered by banks and nbfcs non banking financial companies fixed deposit is a great way to grow your savings with utmost safety.

A fixed deposit or fd is a type of savings investment account that promises the investor a fixed rate of interest. In return the investor agrees not to withdraw or access their funds for a fixed period of time. These returns are calculated at fixed fd rates in a specific time period ranging from 7 days to up to 10 years 20 years in some cases as the name suggests the rate of interest is fixed and does not fluctuate with market swings. At the end of the tenure you receive the amount you have invested plus compound interest.

What is a fixed deposit. In this form of investment a person holding a savings bank account in a financial institutions government and private banks can keep a lump sum of amount in a fixed deposit. In a fixed deposit investment interest is only paid at the very end of the investment period. A fixed deposit fd is a financial instrument provided by banks which provides investors with a higher rate of interest than a regular savings account until the given maturity date.

Funds in a fixed deposit cannot be withdrawn for a specified period of time.