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The Lesser-Known Benefits Of Fixed Deposit

Tuesday, 25 November 2014, 00:06 IST
By SiliconIndia
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BENGALURU: Fixed deposit (FD) is a financial instrument where a sum of money given to a bank, financial institution or company whereby the receiving entity pays interest at a specified percentage for the time duration of the deposit. At the end of the time period of the deposit the amount that is originally given is returned to the investor. Though Fixed Deposits initially were like a simple looking piece, but now as the needs are changing the Fixed Deposits are getting fancier and equipped with other major features as well. As compiled by Rediff, let us have a look at the benefits of having a Fixed Deposits, which you might not be aware of.



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