What is fix deposit reciept?

A Fixed Deposit Receipt (FDR) is a financial document issued by a bank or financial institution that confirms a fixed deposit account. It serves as proof that an individual has deposited a specific amount of money for a predetermined tenure at a fixed interest rate. The FDR details the deposit amount, interest rate, maturity date, and any applicable terms and conditions. It is a secure investment option, as it typically offers higher interest rates compared to regular savings accounts.