A deposit made in a bank, company or financial institution for a specific period and to receive a fixed rate of return is called a fixed deposit (fd). The 'fixed' in fixed deposits denotes the period of maturity or tenure. Fixed deposits, therefore, presuppose a certain length of time for which you decide to put your money in an agency. The tenure also decides the rate of interest you earn. Refers to the duration or period for which you want to invest your money.

A deposit made in a bank, company or financial institution for a specific period and to receive a fixed rate of return is called a fixed deposit (fd). The 'fixed' in fixed deposits denotes the period of maturity or tenure. Fixed deposits, therefore, presuppose a certain length of time for which you decide to put your money in an agency. The tenure also decides the rate of interest you earn. Refers to the duration or period for which you want to invest your money.