Personal Finance Looking to prematurely withdraw FD? Here's how interest will be calculated Updated : August 22, 2020 06:00 PM IST Fixed deposits (FDs) are preferred by risk-averse investors as they are secure in nature and offer guaranteed returns. There are several tenures available for FDs, which ranges from 7 days to 10 years. FDs are offered by banks as well as non-banking financial companies (NBFCs). Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.