Fixed deposits are offered by banks, post offices, or other financial institutions. A fixed deposit gives the fixed rate of interest which is generally more than the typical savings bank account. It is a traditional way of investing as offering a fixed return on deposit with utmost safety. Fixed deposits also have a maturity period which can vary from 7 days to 10 years. An investor can choose the maturity period as per their goals.

Every bank or financial institution that offers a fixe