Fixed
deposits are term deposits provided by banks and non-banking financial
companies (NBFCs), which offer a pre-decided interest on the amount of money
you invest, for a fixed period. Fixed deposits offered by NBFCs are known as
Corporate FDs or Company FDs. FD interest rates vary per the tenor chosen by
the depositor. They are the safest and most stable investment options that
assure guaranteed and high returns, unlike other fixed-income instruments like
savings accounts and post office fixed deposits.
Fixed deposits are abject to change as per RBI interest rates policy.