what are some investment schemes provided by bank?

Fixed deposits (FDs): Fixed deposits (also known as term deposits) are a type of investment product where the investor deposits a sum of money with the bank for a fixed period of time, typically ranging from a few months to a few years. The bank pays the investor interest on the deposited amount, and the investor is not allowed to withdraw the money before the end of the fixed term.


Recurring deposits (RDs): Recurring deposits are similar to fixed deposits, but the investor is required to deposit a fixed amount of money on a regular basis (e.g. monthly) for a fixed period of time. The bank pays the investor interest on the deposited amount, and the investor is not allowed to withdraw the money before the end of the fixed term.


Savings accounts: Savings accounts are a basic type of bank account that allows individuals to deposit and withdraw money as needed. Savings accounts usually offer a lower interest rate compared to fixed deposits, but they offer more flexibility in terms of access to the deposited money.


Mutual funds: Mutual funds are investment vehicles that pool together money from many investors and invest it in a diversified portfolio of stocks, bonds, or other securities. Banks often offer a variety of mutual fund products to their customers, including equity funds, debt funds, and balanced funds.


Life insurance policies: Many banks offer life insurance policies to their customers. These policies provide financial protection to the policyholder's family in the event of the policyholder's death.