
The interest rate on fixed deposits is fixed for the entire tenure of the deposit. This helps to know the interest earned in advance, providing predictability and stability in returns.
Fixed deposits are not subject to market fluctuations, unlike investments in stocks or bonds. Your returns are not affected by market volatility.
Opening a Fixed Deposit account is typically straight forward and requires minimal documentation. It is an appropriate option for first-time investors.
The hard-earned money invested are considered safe and protected. You will in general receive back the full principal amount along with the agreed-upon interest on the date of maturity.