Fixed deposit is a type of investment where you make a fixed deposit in the bank and earn interest on it. There are two kinds of fixed deposits - Fixed Deposit (FD) and Regular Deposit (RD). FD is for people who do not want to be bothered by the market fluctuations and want to earn more returns with less risk. RD is introduced for those who would like an opportunity to invest but lack knowledge about market fluctuations. People usually choose one or the other based on their risk preference and financial situation. It's important to note that banks usually offer these two different types at different rates of interest, which means that there may be some disparities between them across banks, depending on what your financial situation allows for.
