There are many benefits of investing in an FD, some of which are as follows:
Minimum deposit of Rs. 1000 to Rs. 25000.
Guaranteed returns of the invested money without the influence of fluctuations in the market rates.
Flexibility in choosing the tenor of the FD from 12 months to 60 months.
Option to select the frequency of FD interest payout and the type of FD.
Facility to take a loan against FD in case of emergencies and flexibly repay the money.
You can apply for an FD online with minimal documentation and quick application form.