There are different types of fixed deposits, each with its own set of features and benefits. Some of the most common types of fixed deposits include:

• Regular fixed deposits: These are the most common type of fixed deposit. They offer a fixed interest rate for a fixed period of time.
• Tax saving fixed deposits: These fixed deposits offer tax benefits under Section 80C of the Income Tax Act.
• Recurring fixed deposits: These fixed deposits allow you to invest a fixed amount of money on a regular basis.
• Floating rate fixed deposits: These fixed deposits offer an interest rate that fluctuates with market conditions.
• Cumulative fixed deposits: These fixed deposits pay interest on a monthly or quarterly basis, but the interest is added to the principal amount and does not get paid out until the maturity date.