different saving account and fixed account
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Explanation:
Fixed deposits have a fixed lock-in period, which limits the unnecessary withdrawal of your money until maturity. A savings account, on the other hand, enables you to withdraw any amount at any time, which proves detrimental to your goal of wealth appreciation.
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the difference between saving account and fixed account is that with a savings account people allowed to deposit any amount of money at any time as per their wish.
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