💰 Fixed Deposit (FD) – Safe and Reliable Savings
A Fixed Deposit (FD) is a financial product where you invest a lump sum amount for a fixed tenure at a guaranteed interest rate. It offers safety, assured returns, and flexible terms. offered by banks and non-banking financial companies (NBFCs).
🔹 Types of Fixed Deposits
| Type | Description |
| Bank FDs | Offered by public/private sector banks; most common |
| Tax-saving FDs | 5-year lock-in; eligible for ₹1.5 lakh deduction under Section 80C |
| Corporate FDs | Issued by companies/NBFCs; may offer higher returns but higher risk |
| Senior Citizen FDs | Higher interest rates for individuals aged 60+ |
| Flexi FDs | Linked to a savings account, offers flexibility in deposit and withdrawal |
🔹 Key Benefits
🛡️ Grow your savings securely with Fixed Deposits.
💵 Safe, steady, and stress-free investment.