Question

What do you know about Fixed Deposit Account ?

Answer 1

Answer:

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. It may or may not require the creation of a separate account.

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Answer 2

Answer:

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. ... However, DICGC guarantees amount up to ₹ 100000(about $1555) per depositor per bank.

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