A fixed deposit account allows you to invest a lump sum of money for a predetermined period at a fixed interest rate, offering a secure way to grow your savings. The interest rate on a fixed deposit is typically higher than that of a regular savings account, making it an attractive option for earning guaranteed returns on your investment.

With a fixed deposit account, you can choose the term that best suits your financial goals, ranging from a few months to several years. Your principal amount remains untouched until the maturity date, and you benefit from the stability of fixed interest earnings. This account is perfect for those seeking a low-risk investment with predictable returns.