What is a Bank Fixed Deposit?
Fixed Deposit, also called Term Deposit is an investment where the interest rate is guaranteed not to change for the nominated term, so you know exactly what your investment is worth.
Ramalingam K, Director & Chief Financial Planner, holisticinvestment.in.
People, who invest in FD, think that it’s a one time investment and they don’t need to check it constantly. Unfortunately, that’s a wrong notion. Since, if you don’t know, let me tell you, FD returns attract higher taxes.
Amit Kukreja, Founder, WealthBeing Advisors
Fixed income products like Public Provident Fund, Post Office Monthly Income Scheme, Senior Citizen’s Savings Scheme, Employee Provident Fund, National Savings Certificate etc. have stood the test of times.
Note : You are requested to reconfirm the rates from the respective institutions before making any financial commitments.
Fixed Deposit by Banks
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