How to record an investment made in Fixed Deposit from Bank Account. The drop down in ADD in Banking shows Expenses, Check & Transfer. Which one to select?

I'm happy to see again here in the Community, @grishsavla.

I got you covered in recording the investment that was made in Fixed Deposit from a Bank Account. This process is just a breeze.

Let's start by creating an equity account. This way, you be able to have the right account to be selected upon recording the deposit. 

To do that:

1. Go to Gear icon at the top, then select on Chart of Accounts. 
2. Hit on New.
3. From the Account Type ▼ drop-down, select Equity.
4. From the Detail Type ▼ drop-down, choose Owner's Equity or Partner's Equity depending on your situation.
5. Enter your desired name of the account in the Name section.
6. Press on Save and Close. 

After that, we're now ready to deposit the investment. Just select the equity account from the drop-down arrow on the deposit page.

I'll guide you on how to get there:

1. Select on + New, then choose Bank deposit. 
2. From the Account ▼ drop-down menu, choose the bank account you're depositing the money into.
3. Enter the Date you deposited the money.
4. In the Add funds to this deposit section, enter the name of the investor in the Received from field.
5. Select the appropriate equity account from the drop-down list in the Account field.
6. Specify a Payment method.
7. Enter the investment amount in the Amount field.
8. Hit on Save and close. 

I'd also like to share this article with you, which provides more details about handling investments to your business using QuickBooks Online: Learn how to record capital investments to track money going into your business.

Know that you can always get back to me here should you need anything else. I'll be around to assist you. Have a lovely day!