Desai Investment

Fixed Deposits are a popular investment option in India where individuals can invest a specific amount of money for a predetermined period. The duration of a Fixed Deposit is flexible, typically ranging from 7 days to 10 years, allowing investors to choose a term that suits their financial goals.
The interest rate offered on a Fixed Deposit is determined by the tenure of the investment. Generally, longer-term deposits attract higher interest rates, providing an opportunity for individuals to earn a fixed return on their investment.
Similar to a Recurring Deposit, funds invested in a Fixed Deposit cannot be withdrawn before the maturity period. However, in case of an emergency or financial requirement, premature withdrawal is allowed with the payment of a penalty that may affect the rate of interest.
To open a Fixed Deposit, a minimum investment amount is required, which can vary across different banks and financial institutions. Typically, the minimum investment starts at Rs. 5,000, making it accessible to a wide range of investors.
The interest rates on Fixed Deposits can vary from 4% to 7.5%, depending on factors such as the tenure and the prevailing market conditions. It’s advisable to use an FD calculator to determine the potential interest earnings based on the invested amount and the chosen tenure.