Fixed deposits have decent benefits which anyone with little knowledge in finance can take care of. All it requires is one down payment of big amount which needs to be kept in the bank for a definite period of time. This offers continuous and promised income unlike the mutual funds and moreover it is tax free provided the FD is upto 100000.

The larger section of India relies on fixed deposits to save their money and it is the best possible way to save money and get good returns. Especially the lower class of people who do not have much knowledge about investments/banking go for fixed deposits because it can be processed without any hassles and does not require any monitoring and expert advise.