Fixed Deposit (FD) is a safe investment option where you deposit money for a fixed period and earn interest.
Many banks now allow customers to open FD online using mobile banking and net banking.
If you invest ₹50,000 in FD for 2 years, the bank pays fixed interest and returns maturity amount after tenure ends.
FD usually gives higher interest compared to savings accounts.
Learn here: How Savings Interest is Calculated
FD uses lump sum investment while RD uses monthly deposits.
Learn here: FD vs RD
Net banking helps manage FD digitally.
Learn here: How to Activate Net Banking
Yes, many banks allow full online FD creation.
FD is considered one of the safest investment options.
Yes, but penalty may apply.
Yes, FD usually offers fixed interest returns.