Description

Fixed deposit accounts are a good option for risk-averse investors. Over a set length of time, interest is accrued on the deposited amount.
A fixed deposit or FD is an investment instrument that banks and non-banking firms (NBFC) provide their customers. Through FD, folks invest a definite add of cash for an amount at a planned rate of interest in an FD. The speed of interest varies from one financial organization to a different it is typically beyond the interest offered on savings accounts.