What the product is
A fixed deposit is a deposit product offered by banks or eligible institutions for a specified tenure and interest structure.
Defined-tenure deposits
Fixed Deposits
Fixed deposits can form part of a diversified financial strategy for investors seeking defined-tenure deposit solutions and greater predictability around interest income, subject to selected institution terms.
How it works
Investors select an institution, amount, tenure and payout option. Interest and withdrawal terms depend on the selected product.
Who may consider it
Investors who need predictability for a portion of their money may consider FDs after reviewing issuer terms and liquidity needs.
Key considerations
Tenure, interest rate, payout options, premature withdrawal, tax implications and institution-specific terms matter.
Frequently Asked Questions
Are all FDs identical?
No. Rates, tenures, withdrawal rules and institution-specific terms can vary.
Should FDs be compared with market-linked products?
They serve a different purpose and should be evaluated based on predictability, liquidity and overall portfolio needs.
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