What is a Fixed Deposit Account?

A fixed deposit account is a type of savings account where your money is kept in a bank for a fixed amount of time.

[{"selector":"#anim-00f6d186-0de0-4ccf-8f25-91c6ad8af910","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5235dc71-394b-49b4-b577-508d50957568","keyframes":{"transform":["translate3d(0px, -216.57121%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-50c38e9f-8622-4ff0-b44d-b85566207356 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(26.229079401747274%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9a6374ff-dc9d-4cbe-aeae-bcf9ec07c8d3","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-04b01766-bed7-4857-a830-1e50a120caae","keyframes":{"transform":["translate3d(0px, -202.2855%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

This is usually a one-time deal, where you deposit a money into the account and earn interest on that amount

[{"selector":"#anim-56bb9e6e-3d86-46f3-b58f-489adc463727","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f104dc8f-1ec4-4289-b897-023535cff58c","keyframes":{"transform":["translate3d(0px, -215.24904%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0fac76d9-ad47-40e8-b576-a62b040ac798 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-42.0763597364753%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-785afa40-59d7-4bd9-ba91-973619afe083","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f822b304-a3f0-434b-949a-7f8d3a60eec6","keyframes":{"transform":["translate3d(0px, -202.2855%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

You may incur a penalty if you need that money before the end of the term.

[{"selector":"#anim-cebcc498-dc62-4d73-87f4-b2a71299a9d8 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-42.0763597364753%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-0f05164b-0cd1-463a-90c0-59aa7383dfa8","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d9d92fb9-588b-48a8-be2b-18a3fb4ea7f5","keyframes":{"transform":["translate3d(0px, -282.06158%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e729e61b-217d-43e9-8cb0-b0a84cafc1e6","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-299c650c-3b0f-416c-8a98-5e9844299265","keyframes":{"transform":["translate3d(0px, -171.58931%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Fixed deposit accounts are helpful for people looking for a guaranteed return on investment or who want a large amount of money saved.

[{"selector":"#anim-303e996c-db3c-4ea5-bea5-a9084f4e348c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-42.0763597364753%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-cbd77039-7aaa-41e1-9e4f-2e2fb5ebdb04","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fc176f44-34e5-4147-84cc-62ffe4cdb428","keyframes":{"transform":["translate3d(0px, -161.12594%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7f48921a-e3c5-4e11-ba9c-ec3cb890aeea","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f4e3d7e0-bc95-440d-875c-d6543a0a865b","keyframes":{"transform":["translate3d(0px, -151.4199%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Advantages of FD Account

[{"selector":"#anim-ae3f7b45-99aa-4126-84f4-74ca6829b78f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-42.0763597364753%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e5c3c3da-a025-40a6-a72d-02da2adc34d8","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-51b5ae57-cef0-4e03-921d-0337211d3926","keyframes":{"transform":["translate3d(0px, -240.51487%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d3d0273c-8684-43e8-8135-29bd70ab6274","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b370bc6-17c4-4733-a9fe-8d6eea41929d","keyframes":{"transform":["translate3d(0px, -985.90839%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ee09c8f2-48a9-45b1-a88d-d9fd416666b4","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5a9df984-5962-46e1-a15b-de92ca5a6046","keyframes":{"transform":["translate3d(0px, -1266.39645%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-08d769f3-8a3f-4f2d-ad90-4e0c46718811","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c39bdc5c-ba5f-43c3-a423-110899656c7a","keyframes":{"transform":["translate3d(0px, -1488.34783%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a696beaf-a40c-429a-9d97-cb22e9af94f1","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2f71bf48-e92c-44f1-9731-a0830ed76328","keyframes":{"transform":["translate3d(0px, -202.2855%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Disadvantages of FD Account

[{"selector":"#anim-a87457ad-94bd-4f82-950b-5e7f12c25d80 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-42.0763597364753%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-9e679484-f95b-4fb7-a296-2e3146bab73f","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f4e15e30-5a7a-4a7d-8e75-d3035e81ee66","keyframes":{"transform":["translate3d(0px, -242.95393%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c14badf1-3bf2-4d70-8a13-150690dc22a4","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-17b918bd-27f9-4ff8-ba95-42921ffb96d9","keyframes":{"transform":["translate3d(0px, -447.83191%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c132461-e3be-4076-8bdf-e06c70e8a74b","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a9fda8d6-93cc-4fa0-a57e-55c5f3eec374","keyframes":{"transform":["translate3d(0px, -1083.46954%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-feeea091-369a-478f-bfd4-6718b434464a","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-073fc471-5f17-45cf-99a3-1a557f5e137f","keyframes":{"transform":["translate3d(0px, -498.57771%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4d763646-ac9e-42b5-86ab-052b499f5831","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fa885c41-fd39-4827-8894-eeef52a66e11","keyframes":{"transform":["translate3d(0px, -172.29709%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

FOR MORE STOIRES CLICK HERE

[{"selector":"#anim-d3b7762f-f245-4fa5-aa53-b71b8509c72d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-42.0763597364753%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-27de8b59-84f7-416a-a9aa-170e4877ef45","keyframes":{"opacity":[0,1]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fff2cc96-ec81-4e1a-9bdd-db215add5397","keyframes":{"transform":["translate3d(0px, -448.17774%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Learn more

What is a Fixed Deposit Account?

A fixed deposit account is a type of savings account where your money is kept in a bank for a fixed amount of time.

This is usually a one-time deal, where you deposit a money into the account and earn interest on that amount

You may incur a penalty if you need that money before the end of the term.

Fixed deposit accounts are helpful for people looking for a guaranteed return on investment or who want a large amount of money saved.

Advantages of FD Account

Guaranteed return

Flexible tenure

No Tax

Disadvantages of FD Account

Limited access to funds

Low rate of return

Penalty on premature withdrawal

FOR MORE STOIRES CLICK HERE