![]() Through an FD, people invest a certain sum of money for a fixed period at a predetermined rate of interest in an FD. ![]() ![]() This helps you accumulate a big amount with ease.Ī fixed deposit or an FD is an investment instrument that banks and non-banking financial companies (NBFC) offer their customers. You earn interest on the interest amount too.No matter how interest rates move or economy performs, you will get the returns fixed at the time of investing.For years, investing has been synonymous with FDs since this product is considered safe, provides guaranteed returns over a period of time, and is also flexible in its duration. Fixed deposits are the most popular investment instruments in India.
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