FD Rates Remain Attractive, But Check These Costs Before Breaking Your Deposit

With equity markets delivering muted returns over the past year, fixed-income products have once again attracted attention from investors looking for stability. Fixed deposits remain a familiar choice because they offer defined returns and relatively predictable outcomes. However, financial needs can change unexpectedly. Before closing an FD ahead of maturity, investors should examine the penalty, revised interest calculation, tax implications and alternative ways to raise funds.