A fixed deposit (FD) is a well-liked and safe investment choice for people who want to increase their savings while earning a guaranteed return. However, life is unpredictable, and there may be moments when you need quick cash for unanticipated costs or investment opportunities. In these circumstances, a loan secured by your fixed deposit may be a sensible and practical choice. This article discusses loans against fixed deposits, including who is eligible, its benefits, and drawbacks.

A fixed deposit (FD) is a well-liked and safe investment choice for people who want to increase their savings while earning a guaranteed return. However, life is unpredictable, and there may be moments when you need quick cash for unanticipated costs or investment opportunities. In these circumstances, a loan secured by your fixed deposit may be a sensible and practical choice. This article discusses loans against fixed deposits, including who is eligible, its benefits, and drawbacks.