FD or Fixed Deposit is a type of financial instrument that is offered by banks, NBFCs, post offices, or any other financial institutions. FDs are a traditional way of investment and are considered one of the safest investment instruments. FDs come with a fixed rate of interest along with a fixed maturity tenure. The tenure of FD can vary from 7 days to 10 years. Investors or depositors can select the tenure at the time of the investment as per t