The returns may vary as it depends on the principal amount, FD interest rate and the tenure of your fixed deposit investment.ĭeposits can be classified as Domestic and Non-Resident based on the ownership pattern. The returns are generally over the returns you get on your savings account. Fixed deposit scheme is a safe investment option because it gives you assured returns. On this amount, the bank provides the customer interest until it reaches its maturity.
It is a type of investment in which an account holder deposits a certain amount with the bank at a fixed interest for a fixed period. Fixed Deposits – Frequently Asked QuestionsĪ fixed deposit (FD) is a financial deposit product that offers at an interest rate higher than that of a regular savings account.
