🏦 Let Your Money Work Harder for You

💡 Fixed Deposit (FD) Made Simple

What is FD?
A fixed deposit is a safe investment where you deposit a sum with a bank or NBFC for a fixed period, earning guaranteed interest.

📊 FD Formula (Compound Interest)
A = P × (1 + r/n)^(n×t)
- P = Principal amount
- r = Annual interest rate (%)
- n = Compounding frequency per year
- t = Time in years

🔄 How It Works
- Interest compounds periodically (quarterly, half-yearly, yearly)
- Longer tenure → more interest accumulation
- Reinvestment of interest boosts total maturity amount

✅ Why FD is Useful
- Safe and low-risk investment
- Predictable returns
- Useful for emergency fund or short-term goals

💡 Pro Tips for FD
- Compare rates across banks for best returns
- Opt for higher compounding frequency if possible
- Ladder FDs to maintain liquidity