Fixed deposits (FDs), long considered the safest investment option by millions of Indian households, may actually be eroding wealth instead of protecting it, warned Chartered Accountant Nitin Kaushik in a post on X (formerly Twitter).

Calling FDs “the biggest money myth in India,” Kaushik argued that while deposits appear stable, their real returns fail to keep pace with inflation and lifestyle costs. Advertisement

“On paper, an FD looks safe. In 2010, if you put ₹10 lakh in FD at 7%, today you’d have ₹20 lakh. But compare that with real life — petrol prices have tripled, education costs have gone up 4-5x, and housing has multiplied 3-5x. Your FD doubled, but your lifestyle expenses tripled. That’s not safety, that’s slow erosion in disguise,” Kaushik wrote.

He contrasted FDs with oth

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