Fixed Deposit

Fixed Deposit also known as term deposit and time deposits are certain financial instruments that are offered by various banks and financial institutions. This enables the depositors to deposit a certain amount of money for a fixed period of time at an agreed-upon interest rate. This will ensure regular interest payments and initial deposit back at the end of the term. Fixed deposit also ensures guaranteed returns at a fixed point of time of investment. This is a highly stable investment with stable investment even during volatile times.