What is meant by Fixed Deposit (FD) laddering?

Fixed Deposit (FD) laddering means dividing money into several FDs instead of keeping it in one. For example, a person with ₹5 lakh can create five ₹1-lakh FDs with different maturity periods, with one FD maturing each year over five years. According to Moneycontrol, this offers flexibility, as one FD can be closed when needed without disturbing the remaining deposits.