1.

Define fixed deposits.

Answer»

A fixed deposit or a FD is a bank or a NBF'C financial tool that provides creditors with a higher INTEREST rate than a regular savings account.

  • A fixed deposit is a form of savings or an investment account offering a fixed interest rate to the BORROWER.
  • The lender promises, in exchange, not to withdraw or use their assets for a fixed TIME frame.
  • The COMPENSATION is only charged in a fixed deposit portfolio at the very end of the loan term.


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