Published on September 01, 2026 • Last updated September 01, 2026
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A Fixed Deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account until a given maturity date.
A Fixed Deposit (FD) is one of the safest and most popular investment vehicles offered by banks and financial institutions. With an FD, an investor deposits a lump-sum amount for a specified duration—ranging from 7 days up to 10 years—at a fixed, guaranteed interest rate that remains locked in regardless of market fluctuations.
Unlike traditional savings accounts, Fixed Deposits offer higher interest rates because your money is locked for a set term. Interest is typically compounded quarterly, compounding your savings steadily over the deposit tenure. Upon maturity, the investor receives the original principal along with the total accumulated interest.
Fixed Deposits are ideal for conservative investors seeking guaranteed returns, risk-free capital protection, or predictable income streams. Investors can also utilize Tax-Saving FDs (with a 5-year lock-in) to claim income tax deductions, or adopt an 'FD Laddering' strategy to maintain periodic liquidity while earning top deposit rates.
Formula, worked example & FAQs for FD
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