There is no much difference between Fixed Deposit (FD) and Term Deposit (TD). Fixed deposit is a more common term in India and other Asian countries where Term deposit is popular in foreign nations like US, Canada, New Zealand, Australia etc.
Term Deposit : Investing particular sum of money with the bank and bank pays the interest on monthly, Quarterly or annual basis.
Fixed Deposit : Investing lump sum money for the given period of time. After this period, you are entitled to your money with the interest.
There is no difference between Term & Fixed depost, bankers use Term Deposit where as individual is more familiar with Fixed Deposit.