One of the most well-liked methods of saving money in India is through fixed deposits. They are simple to open, a safe investment with significant rewards. It is a set rate of return investment choice with little risk. You may invest your money with FDs and receive a fixed rate of return for a predetermined amount of time.
Fixed deposits are among the traditional investment options (FDs). Fixed deposits, sometimes referred to as term deposits with high interest rates, are offered by banks. Fixed deposits are the most popular financial instrument in India. Because of their longevity, guaranteed returns over time, and reputation for safety, fixed-rate bonds (FDs) have long been linked to investing. A simple strategy for building money is to save.