Fixed Deposit (FD)

Tax Glossary Definition

Fixed Deposit (FD)

Fixed Deposit (FD) A Fixed Deposit is a bank deposit for a fixed period that earns a pre-determined rate of interest. The interest accrued is taxable according to the investor’s income tax slab.

Example: Investing ₹1,00,000 in an FD at 6% annual interest yields ₹6,000, which is taxable.

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