A Fixed Deposit Receipt (FDR) is a crucial document issued by banks or companies to depositors as evidence of a fixed deposit, confirming that a specific sum is placed for a set duration at a fixed interest rate. This receipt encompasses vital details like the bank's declaration, depositor's name and age, account number linked to the FD, principal amount, deposit term, interest rate, booking and maturity dates, interest on maturity, nominee, and instructions regarding the deposit or scheme.

An FDR serves multiple purposes, such as renewal, premature withdrawal, or availing a loan against the FD. Safeguarding the FDR is essential as it proves ownership of the deposit. With the advent of online banking, FDs can now be managed digitally, and online FDRs are accessible via internet banking. In cases of a lost, misplaced, or falsified FDR, depositors should contact the nearest bank branch or customer support.

Fixed deposits are beneficial due to flexible tenures, assured returns, RBI subsidiary insurance, various interest payout options, premature withdrawal, and nomination facilities. Important aspects to verify in an FDR include the interest rate, deposit duration, maturity and auto-renewal dates, penalties, charges, and nomination information. Overall, fixed deposits remain a preferred investment choice for their security and appealing returns.