A Fixed Deposit (FD) is a financial instrument provided by banks or financial institutions which allows individuals to deposit a lump sum of money for a fixed tenure at a predetermined interest rate. At the end of the tenure, you receive your principal amount along with the accrued interest.
Benefits of FD:
- Stable and secure investment
- Assured returns throughout the tenure
- Choice of flexible tenures
- No market risk
How It Works:
- Register and log in to your account
- Choose your deposit amount and tenure
- Track your FD progress online
- Withdraw your funds after maturity