Fixed Deposit

Yes it will come under Cash and Cash Equivalents, however, it the amount shall be separately disclosed.

For example,

Cash in hand                   XXX

Balance with banks*        XXX

Total C&CE                      XXX

*Balance with banks includes deposits of XXX having maturity of more than 12 months.

Schedule III to the Companies Act, 2013 provides that:

 An asset shall be classified as current when it satisfies any of the following criteria:—

(a) it is expected to be realised in, or is intended for sale or consumption in, the company’s normal operating cycle;

(b) it is held primarily for the purpose of being traded;

(c) it is expected to be realised within twelve months after the reporting date; or

(d) it is cash or cash equivalent unless it is restricted from being exchanged or used to settle a liability for at least twelve months after the reporting date.

Point (d) specifically suggests that C&CE is a current asset irrespective of point (c). You may also note that there is an 'or' between point (c) and (d).

Hope this clarifies your doubt.