A fixed deposit or FD is an investment instrument that banks and non-banking firms (NBFC) provide their customers. Through FD, folks invest a definite add of cash for an amount at a planned rate of interest in an FD. The speed of interest varies from one financial organization to a different it is typically beyond the interest offered on savings accounts.

Fixed deposits are obtainable for various periods, starting from terribly short-run tenures of 7-14 days to the long tenure of ten years set deposit typically referred to as a term deposit.