Outlook Money
Bank FDs are locked in for a set period for a fixed interest, offering safety and guaranteed returns.
Company FDs are offered by corporations and allow investors to deposit funds for a fixed term, with higher interest rates than banks.
Tax-saving FDs allow investors to claim tax deductions under Section 80C of the Income Tax Act, with a minimum lock-in period of five years.
Senior citizen FDs offer higher interest rates for individuals aged 60 and above, providing guaranteed returns and safety for retirement savings.
Compiled By Himani Verma