When you open a Term Deposit, you put a specific amount of money in a bank for a fixed tenure known as the “term.” Throughout this time, your money grows at a fixed interest rate that doesn’t change with the market fluctuations.

Once the term ends you get back the money you initially invested (the principal) along with any interest earned on it. Investors who value stability and reliability often opt for term deposits to secure a risk-free return.

ICICI Bank offers investors an option to open a Fixed Deposit with fixed returns at competitive interest rates. In this, a lump sum of money is deposited with a bank for a certain length of time which is a safe and secure investment. The longer you hold the money, the bigger the returns, and the interest is paid out either at the end of the period or at regular intervals. It’s a low-risk method of gradually increasing your savings.

Term Deposits offer assured returns with a fixed interest rate and tenure, making them a low-risk and reliable investment option.

Fixed Deposits offer higher interest rates than regular savings accounts, making them a preferred choice for long-term investments. Banks like ICICI Bank provide competitive FD rates, especially for deposits held over extended periods.

With FDs, you have the flexibility to choose how you receive interest—monthly, quarterly, or at maturity. You can also opt to reinvest the interest for compounded returns, helping your money grow faster.

An FD can be used as collateral to secure a loan without breaking the deposit. Banks like ICICI Bank offer this feature at attractive interest rates, ensuring liquidity in times of need without sacrificing your investment.