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Fixed Deposits, with their long-standing reputation as one of the oldest and safest investment tools provided by banks, offer higher interest rates than Savings or Current Accounts. Diversifying your investment portfolio with FDs is a cautious approach that provides a reliable income source, ensuring financial security.

What is an FD?

An FD is an investment in which a person invests a hefty sum for a specific duration with a bank. The amount deposited in the FD earns a fixed…