Bank Fixed Deposit

A bank fixed deposit is a financial instrument provided by banks which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It is also known as a term deposit or time deposit.

Advantages of Bank Fixed Deposit

  • LESS RISKY INVESTMENT
  • FIXED TENOR
  • LOAN AGAINST FD
  • FLEXIBLE INTEREST RATE PAY-OUTS

Disadvantages of Bank Fixed Deposit

  • LOW RETURNS
  • LIQUIDITY
  • AFTER TAX RETURN