Social Sciences, asked by haripriyabyahatti, 6 months ago

what do you understand by the term fixed deposit term ​

Answers

Answered by itzwasteperson
1

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. ... The interest rate varies between 4 and 7.50 percent.

Answered by gopakumar4
12

Answer:

Financial instrument provided by banks it provides a higher rate of interest than regular....

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