Why is FD investment considered good?
You get nominal interest on keeping money in Savings Account, but in FD you get guaranteed fixed returns for a fixed period of time. You can invest for 7 days to 10 years. It is best for those who want to earn safe money by staying away from the stock market risk.
Disclaimer: The information given in this article is for educational purposes only. Fixed Deposit (FD) interest rates are changed by banks from time to time, so before investing, please confirm the latest rates by visiting the official website of the concerned bank. Before making any investment, definitely consult your financial advisor.