What is the difference between Fixed and Floating Rate

Whenever people have some money deposited Fixed Deposit (FD) remains the first choice of peopleble or triple.

If a person invests in fixed rate fixed deposits, then he gets guaranteed returns.

They remain same till maturity.

If the rate of interest falls in between. Even then you are going to get the money accordinglys

If a person invests in the floating  FD , the interest rates which are there till the time of maturity keep changing.

Since the Reserve Bank of India (RBI) is the rate of interest at a given time. He keeps on changing it.

In such a situation, if the bank increases the interest rates on FDs, then your FDs. In that too, increased interest rates are charged

In how many years will the money be four times?