A fixed deposit is one of the simplest and safest financial products. You lock your money for a set time, and the bank pays you interest. No daily decisions, no stress — just patience.
5 Things to Know About Fixed Deposits:
- You deposit money for a fixed period — for example, 3, 6, or 12 months.
- The interest rate is fixed — it doesn’t change during the term.
- You can’t easily withdraw early — or you may lose part of the interest.
- Risk is very low — it’s safer than stocks or crypto.
- Best for short-term goals — like saving for fees, travel, or emergencies.
👉 A fixed deposit won’t make you rich fast — but it keeps your money safe and growing.