Question

Write any 2 features of Fixed deposit.
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Answer 1

Answer:

Key features of Fixed Deposits

• Tenure ranges between six months to 10 years.
• Guaranteed Returns.
• Interest income monthly, quarterly or annually.
• Reinvest interest income and gain the influence of compounding.
• Partial or full withdrawal facility is available with penalty interest rates.
• Loan against deposits.

Answer 2

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• Tenure ranges between six months to 10 years.

• Guaranteed Returns.

• Interest income monthly, quarterly or annually.

• Reinvest interest income and gain the influence of compounding.

• Partial or full withdrawal facility is available with penalty interest rates.

• Loan against deposits.