Fixed Deposit Interest Rate
A Fixed Deposit (FD) serves as a financial instrument offered by banks and various financial institutions, enabling individuals to invest a specified amount for a predetermined duration at a fixed interest rate. Fixed Deposits are known for their safety, stability, and guaranteed returns.
Key Features of Fixed Deposits:
1. Interest Rates:
Fixed Deposits provide a consistent interest rate for a specified period. The rates vary between banks and are influenced by the tenure of the deposit.
2. Tenure:
Fixed Deposits come with a predetermined duration, spanning from a short few days to an extended period of several years. Depositors select the tenure aligned with their financial objectives.