Fixed Deposit or Term Deposit has been an investment tool for a long time. Banks provide FD to their customers where the customers park their money for their choice of time frame among the options provided. Banks pay interests to the customer depending upon the time frame opted. This is a low risk investment option available. There are many options available for FDs (Fixed Deposit) based on tenures and other conditions. One should opt as per their fitment.

These FDs are provided by Banks, Financial Institutions, NBFCs, Housing Finance Companies and Government Entities. There is flexibility to choose your preferred interest receiving time frame; e.g. On Maturity, Yearly, Half- yearly, Quarterly or Monthly.