"Fixed Deposit" is a money deposit that cannot be withdrawn for a certain "term" or period of time (unless a penalty is paid). When the term is over it can be withdrawn or it can be held for another term.
Interest Rate for Local Currency (payable quarterly)
|Fixed Deposit||Interest Rate|
|Upto 6 Months FD||12.00%|
|1 Year and above||12.00%|
|Negotiable for Bulk and Institutional FD|