Fixed Deposit vs Life Insurance: Which is Better for Financial Planning in 2025?
A Fixed Deposit is a savings product offered by banks, NBFCs, and post offices where you invest a lump sum amount for a fixed tenure at a predetermined interest rate.
Key Features of FDs:
Guaranteed returns with no market risk
Tenure ranges from 7 days to 10 years
Interest payout can be monthly, quarterly, or at maturity
Can be withdrawn before maturity (with penalty)
Easy to open with most banks (online or offline)