Fixed Deposit (FD) - Are they suitable for you? Pros and Cons

In this brand new series called #WealthFUNDA, we tell you the what we think about the commonly used investment schemes - concept, key features, pro & cons, and our verdict - whether or not you should invest in them.

What do you think about this first post of this series? Tell us in comments. Also suggest what you would like us to cover next.