What is a fixed deposit?
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It is one of the typical avenues used by most individuals for savings in India. In fixed deposits, people can save money in the bank for a definite period and can earn returns on it at the end of the term.
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A fixed deposit is a great investment option for people who are not interested in taking risks. Now that you know about the fixed deposit and its significance, the only points that you have to remember while investing in a fixed deposit are – read the terms and conditions thoroughly and choose the scheme wisely after analysing the pros and cons.
Citations :
Skillioma (April 15, 2026) What is a fixed deposit?. Retrieved from https://repo.skillioma.com/what-is-a-fixed-deposit/.
"What is a fixed deposit?." Skillioma - April 15, 2026, https://repo.skillioma.com/what-is-a-fixed-deposit/
"What is a fixed deposit?." Skillioma - Accessed April 15, 2026. https://repo.skillioma.com/what-is-a-fixed-deposit/
Skillioma May 15, 2024 What is a fixed deposit?., viewed April 15, 2026,<https://repo.skillioma.com/what-is-a-fixed-deposit/>
Skillioma - What is a fixed deposit?. [Internet]. [Accessed April 15, 2026]. Available from: https://repo.skillioma.com/what-is-a-fixed-deposit/
"What is a fixed deposit?." Skillioma [Online]. Available: https://repo.skillioma.com/what-is-a-fixed-deposit/. [Accessed: April 15, 2026]
Power Words :
- Inflation
- Reforms
- Returns
- Deposit
- Gross
- Tenure
- Monetary
- Invest
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