Question

why we need fixed deposit??

Shivang elo

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Answer 1

Explanation:

A fixed deposit offers guaranteed returns. The rate of interest offered to you when you open an FD remains constant throughout your tenure. Even if the interest rates fall in the broader market, your FD won't be affected. You, therefore, don't have to worry about the ups and downs of the market.

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Answer 2

Explanation:

A fixed deposit offers guaranteed returns. The rate of interest offered to you when you open an FD remains constant throughout your tenure. Even if the interest rates fall in the broader market, your FD won't be affected. You, therefore, don't have to worry about the ups and downs of the market.