Home   >>    Articles   >>    Investment Articles   >>     Read & Learn

What is a fixed deposit?

A fixed deposit is an account that allows you to deposit your money for a fixed period of time, earning you interest at a fixed rate. It gives you a higher rate of interest than a savings bank account.

03 Dec 2008

A fixed deposit (FD) is an account that allows you to deposit your money for a fixed period of time, earning you interest at a fixed rate. It gives you a higher rate of interest than a savings bank account.

FDs are fixed-income debt securities issued by banks. Putting money into an FD is like giving a loan to the bank, in return for which the bank pays you interest. This interest may be payable at regular intervals during the term of the deposit or on withdrawal. The date of maturity of the FD is established when the contract is concluded.



44.58 Lakh satisfied customers till Sep 2016
Get Loan Offers
Instant Home Loan Offers Instant Car Loan Offers Instant Personal Loan Offers
     
Instant Loan against Property Offers Instant Education Loan Offers Instant Credit Card Offers
Get Insurance Proposals
Instant Life Insurance Offers Instant Health Insurance Offers Instant Car Insurance Offers