An account where fixed amount is kept for a specific period. Answer in a word / phrase / term.
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answer is deposit account
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A Time Deposit account is an account which enables its holders to deposit an amount for a fixed time period and the bank provides the interest on the same.
The date of maturity is predefined and the withdrawal can take place only after the depositor provides the bank a prior notice.
For e.g. Certificate of Deposit (CD).
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