Fixed deposits are a popular investment option for individuals seeking predictable returns over a chosen tenure.

The types of fixed deposits available can vary based on payout options, investor categories, and financial goals.

Regular fixed deposits are suitable for investors looking to invest a lump sum for a specific period.

Cumulative FDs allow interest to accumulate and are generally paid along with the principal at maturity. Non-cumulative FDs provide interest payouts at regular intervals based on the selected option. Senior citizens FD may have access to options with applicable additional interest benefits.

Women and NRIs may also have specific FD options, subject to eligibility and applicable terms.

Investors can choose an FD tenure based on goals such as retirement, education, weddings, or planned expenses.Before investing, compare interest rates, tenure, payout frequency, maturity value, and premature withdrawal conditions.

Understanding the types of fixed deposits can help you select an option that aligns with your financial goals.