Many people choose fixed deposits (FDs) over other investments options because they want stable returns from a low-risk instrument. Some people invest in FDs to park large amounts that they don’t want to invest in high-risk equities or similar investment options. FD interest rates range between banks, and even a slight variation in rates might change the maturity amount you get. The FD tenure can be from 7 days to 10 years.
Investors can invest large amounts in FDs as most banks have no maximum investment limit for fixed deposits.
