In Fixed Deposit, you also have the benefit of premature withdrawal of funds or partial withdrawal of money deposited as FD. If you are stuck up in financial emergency, you can always withdraw the sum.
Those who are looking to get substantial benefits from surplus money or funds, they can get it. The best part here is that you are not exposed to the volatility of the market at all.
With FD, you will never have any hassle in securing loans from the bank. In short, it improves the credibility of investors in the market. Unsecured form of loans may even be acquired with faster approval processes.
When compared to savings accounts, FD is far better. If you have some amount of money which needs to be used to buy something, you can take Fixed Deposit to get good rate of interest.
FD is the great way to create a credit history if you have none. Thus, from the above factors it is apparent that you must go for fixed deposit.