A fixed deposit (FD) is an instrument through which you can grow a lumpsum over a fixed tenure at a fixed interest rate. It is a safe investment option that guarantees consistent interest rates.
While the State Level Single Window Clearance Committee headed by Chief Secretary A P Padhi today accorded approval for 14 different projects worth investment of Rs 25,474 crore, the same committee on January 31 had given its nod for investment of another 697 crore.