Banks offer several fixed deposit schemes to choose from,depending on your chosen preferred term period (short-term or long-term). This range of choices makes fixed deposits a convenient option for a range of investors,from salaried employees to self-employed professionals to senior citizens.

As low-risk instruments,fixed deposit investments offer both,security and competitive interest rates on your principal amount.

Apart from attractive interest rates and convenient withdrawal options,fixed deposit accounts offer several other features such as nomination facility,overdraft facility,etc.