Fixed Deposit: Did you Know
Fixed Deposit: Overview
A fixed-income is a debt security for a specific period, usually issued by banks. A Fixed Deposit is like loaning the bank your money. In return, they pay you interest. FDs are the most popular investment vehicle for retail investors in India because investors find banks very convenient to deal with.
These deposits are perceived to be highly safe and sufficiently liquid. FDs can help you secure your hard earned money for a long duration while giving you higher risk-free returns on your money than a regular savings account.
Indian banks offer a wide variety of fixed deposit schemes to suit almost every need.
Fixed Deposit: Basics
- What is a fixed deposit?
- Who is eligible to apply for a fixed deposit account?
- How do I apply for an FD account?
- Do I have to pay tax deducted at source (TDS) for FDs?