A Fixed Deposit (FD) is a financial instrument provided by RTNL which provides investors with a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account.
Feature of Fixed Deposit
• Tenure ranges between 1 Year to 10 years
• Guaranteed Returns
• Interest income annually
• Partial or full withdrawal facility is available with penalty interest rates
• Loan against deposits
• Get 3 times money in 10 years