Fixed Deposit (FD)

byPaytm Editorial TeamLast Updated: October 21, 2025

Definition

A Fixed Deposit (FD) is a bank investment where a lump sum is deposited for a fixed tenure at a predetermined interest rate.

Benefit

It offers higher interest than savings accounts and ensures safe, predictable returns.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

P2P LendingLast Updated: August 12, 2025

Meaning P2P Lending (Peer-to-Peer Lending) is a digital method where individuals can lend or borrow money directly through…

UPI Bank MappingLast Updated: July 16, 2025

Definition UPI Bank Mapping is the process that connects your UPI ID or mobile number to a specific…

E-KYCLast Updated: August 12, 2025

Definition E-KYC stands for Electronic Know Your Customer. It is a paperless process used to verify a person’s…

Aadhaar-based UPILast Updated: July 11, 2025

Definition Aadhaar-based UPI allows users to send or receive money using their Aadhaar number linked to a bank…

AutoPayLast Updated: July 31, 2025

Definition AutoPay is a feature that allows users to set up automatic, recurring payments for bills, subscriptions, EMIs,…