Divya Delhi:  Many investors consider various fixed deposit (FD) plans to be dependable financial tools. The tax advantages of specific FD schemes make them appealing to taxpayers who require year-end techniques to reduce their taxes prior to the fiscal year 2024–2025 deadline. Term deposits are safe financial investments that yield returns for a set period of time, usually seven days to five years. Customers can choose from FD deposit solutions offered by various kinds of financial organizations, including public and commercial banks, small finance organizations, and cooperative banks. In practice, banks offer one-year FD investors interest rates ranging from 8% to 9%. When compared to stock investments, FD rates provide investors a lower level of risk while yet producing steady profits devoid of notable market swings. Individuals use this investment strategy by making a single deposit with a bank for a predetermined period of time. The FD duration ranges from seven days to five years.