FD Full Form: Fixed Deposit – Complete Guide
BankingFixed Deposit
A Fixed Deposit (FD) is a secure investment instrument offered by banks where you can deposit money for a fixed period at a predetermined interest rate. It's one of the most popular investment options in India, offering guaranteed returns and various tenure options.
Returns
Fixed Interest Rate
Tenure
7 days to 10 years
Security
Government Insured
Types of Fixed Deposits
- Standard Fixed Deposit
- Tax Saving Fixed Deposit
- Senior Citizen Fixed Deposit
- Corporate Fixed Deposit
- Cumulative Fixed Deposit
- Non-Cumulative Fixed Deposit
Key Features
Interest Rates
Higher than savings account
Tenure Options
Flexible duration choices
Loan Facility
Overdraft against FD
Premature Withdrawal
Available with penalty
Auto Renewal
Optional facility
Benefits
Financial Benefits
- Guaranteed Returns
- Higher Interest Rates
- Tax Benefits
- Loan Security
Other Advantages
- Low Risk Investment
- Flexible Tenures
- Easy Process
- Insurance Coverage
Related Terms
Term DepositRDInterest RateBankingInvestment