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Sergio039 [100]
3 years ago
9

Ii)What is meant by fixed deposit?​

World Languages
2 answers:
pogonyaev3 years ago
7 0

Answer:

Fixed Deposit is a financial instrument issued by banks or NBFCs that provides borrowers with a higher interest rate than a normal savings account, until the due date. They may or may not require a separate account to be established.

UNO [17]3 years ago
4 0
A fixed deposit (FD) is a financial instrument provided by banks or NBFCs which provides investors a higher rate of interest than a regular savings account, until the given maturity date.
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