Question

a depositor deposita a certain amount for fixed period in the bank that is called amount?​

Answer 1

Answer:

The term "fixed deposit" means that the deposit is fixed and repayable only after a specific period of time. Under fixed deposit account, money is deposited for a fixed period say six months, one year, five years or even ten years. The money deposited in this account cannot be withdrawn before the expiry of the period.

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Answer 2

Answer:

The account which is opened for a particular fixed period (time) by depositing particular amount is known as Fixed Deposit Account. The term "fixed deposit" means that the deposit is fixed and repayable only after a specific period of time.