Fixed Deposit :

A fixed deposit account is an investment account and a type of savings account in which money is deposited for a stated period of time and a fixed interest rate is paid at the end of that period. It is a safer investment option when compared to other investment types such as shares or the money market.

Advantage:

1. Investment in fixed deposits gives you an assured return.
2. FDs are the best in managing that kind of risk when you are planning for long-term financial goals of your life.