What is a Bank Fixed Deposit?
Fixed Deposit, also called Term Deposit is an investment where the interest rate is guaranteed not to change for the nominated term, so you know exactly what your investment is worth.
Jitendra P.S.Solanki, Investment Adviser & CFP, JS Financial Advisors
Many a time’s investors get confused whether to invest in a fixed deposit or a recurring deposit for their investment objectives. The attraction for both these instruments is the fixed returns with safety of money invested. But when you compare the two, a fixed deposit scores higher than a recurring deposit.
Note : You are requested to reconfirm the rates from the respective institutions before making any financial commitments.
Fixed Deposit by Banks
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