Is fixed deposit a financial asset?
Yes, FD is an asset.
Since the intention is to get future economic benefit from the fixed deposit as interest, it is counted as a financial asset for individuals and companies.
You can further label them as current assets or non-current assets. If the maturity of your fixed deposit is within 12 months, it would be categorized under current assets. Whereas, if the maturity is post that, your FD will be categorized as a non-current asset.
So, is FD an asset? Yes, absolutely.