Self Mentor

-1) Fixed Deposit (FD)

It is a safe option many people prefer this option… But it is a low risk and low returns investment.

Every bank has some scheme regarding FD as they are also doing business. In FD you became an investor for that bank during your FD tenure. The bank will keep money for that fix tenure and bank will invest in and bank will give some returns after the end of tenure. This is how an FD works. The returns from FD is higher than your savings account. And longer the tenure longer the return.