what is fixed deposit
(in simple words)
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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. ... Some banks may offer additional services to FD holders such as loans against FD certificates at competitive interest rates.
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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.
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