Question

what is fixed deposit. happy birthday harine​e

Answer 1

Answer:

A fixed deposit 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.

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. It may or may not require the creation of a separate account. The interest rate varies between 4 and 7.50 percent.

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Thank u so much Chotu❤️