Know Why There Is The Preference Of Fixed Deposits
A majority will attest to opting for fixed deposit schemes if you ask Indians where they park their surplus funds. It is synonymous here with financial maturity of fixed deposit. It will possibly help you to tide over times of economic turmoil if you have such an account.
Fixed deposits are assets where people can store a large amount of their surplus savings and enjoy a significant appreciation of income. They are not market-linked instruments.
Fixed Deposit Types