What is FD (Fixed Deposit)? — Meaning, Definition & Example
Definition
A Fixed Deposit is a financial instrument where you deposit a lump sum with a bank or NBFC for a fixed period at a predetermined interest rate. FD interest rates in India typically range from 5% to 8% depending on tenure and institution. Senior citizens usually get 0.25-0.50% extra.
Depositing ₹5 lakh in an SBI FD for 5 years at 6.5% would give you approximately ₹6.87 lakh at maturity with quarterly compounding.
🇮🇳 FD (Fixed Deposit) in Hindi / हिंदी में
FD (फिक्स्ड डिपॉजिट) — फिक्स्ड डिपॉजिट एक वित्तीय साधन है जिसमें आप एक निश्चित अवधि के लिए पूर्व-निर्धारित ब्याज दर पर बैंक या NBFC में एकमुश्त राशि जमा करते हैं।
FD (Fixed Deposit) (Hinglish) — FD ek financial instrument hai jisme aap bank ya NBFC mein ek fixed period ke liye lump sum amount deposit karte ho ek fixed interest rate pe. Senior citizens ko usually 0.25-0.50% extra milta hai.