Topic: finace plaining

Fixed Deposits (FDs) are a popular savings tool in India. They provide a secure way to save money and earn interest. Understanding how FDs work can help you make informed decisions about your investments. What is a Fixed Deposit and How Does it Work? A Fixed Deposit (FD) is a financial instrument offered by banks and NBFCs. You deposit a lump sum of money for a fixed tenor. In return, you earn interest on the amount. The interest rate is predetermined and remains constant throughout the te...