Question

what is difference between the saving account and fixed deposit account
​

Answer 1

$\huge{\underline{\underline{\boxed{\sf{\purple{Answer࿐}}}}}}$

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.

Answer 2

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.