A fixed deposit (FD) is a financial instrument that majorly all banks and non-banking financial companies (NBFC) provide. Under a fixed deposit comes with a flexible duration, guaranteed, and predetermined rate of interest. Irrespective of the market fluctuations you will always earn the predetermined interest on your FD investment. You can invest for a tenure ranging from 7 days to 10 years. The more the deposit amount for a longer period, the higher will be the applicable interest rate and interest earned due to the power of compounding.
*Estimation is based on historical return of the funds and done to facilitate informed decision making for investors. Actual results may vary. Mutual Fund investments are subject to market risk. Please read the respective offer documents carefully before investing.