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

Mudra LoanLast Updated: December 29, 2025

Meaning & Definition A Mudra Loan is provided to small business owners and entrepreneurs to help start or…

FASTagLast Updated: August 12, 2025

Definition FASTag is an electronic toll collection system operated by the National Highway Authority of India (NHAI). It…

Benchmark IndexFebruary 4, 2026

Meaning This term helps evaluate investment performance and market trends.Definition A Benchmark Index is a standard or reference…

Cheque Truncation System (CTS)Last Updated: September 10, 2025

Definition CTS stands for Cheque Truncation System. It is a system where physical cheques are converted into electronic…

UPI App SessionLast Updated: October 21, 2025

Meaning A UPI App Session is the active time during which you’re logged into your UPI application. Importance…

AssetsLast Updated: December 12, 2025

Meaning Assets are valuable resources owned by a person or business. Definition They include anything that has financial…