1. What is FD?
2. What is interest rate of FD?
Interest rate for FD varies from bank to bank.
3. What is the lock in Period?
Lock in period is 5 years.
4. How to get the money back?
After lock in period money can be refunded back to main account. Interest can be taken either quarterly or reinvested.
5. Is interest accrued on savings is Taxed?
Yes, interest accrued is Taxable.