3 years ago

Ii)What is meant by fixed deposit?

2 answers:

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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