Fixed deposit interest rates: SBI vs HDFC Bank vs ICICI Bank
Updated : December 18, 2020 05:10 PM IST
Fixed deposits (FDs), also known as term deposits (TDs), are fixed-income instruments that offer guaranteed returns over a pre-defined period of lock-in.
These are offered by public and private sector banks, small finance banks as well as non-banking finance companies (NBFCs).
Lenders provide a range of maturity options to retail customers for setting up fixed deposits, starting from seven days to as long as 10 years.