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Here's Everything You Want To Know About Bank Fixed Deposits (FDs)

17 October, 2018 3:03 AM
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Here's Everything You Want To Know About Bank Fixed Deposits (FDs)

Banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, and Yes Bank offer the facility of opening a fixed deposit. FDs can be created online.

Bank fixed deposits or FDs are fixed-income instruments which guarantee a fixed rate of return on investments. Bank fixed deposits should not be confused with corporate fixed deposits, the returns on which depend on a company's performance. Leading banks like State Bank of India (SBI), HDFC Bank, ICICI Bank, and Yes Bank offer the facility of opening a fixed deposit. These days bank fixed deposits can be created online. Thus, it is convenient for customers to create fixed deposits.

Source: ndtv.com

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