What is Fixed Deposit ?

Fixed deposit is investment instruments, where you can deposit money for a higher rate of interest than savings accounts. You can deposit a lumpsum of money in fixed deposit for a specific period, which varies for every financier.Once the money is invested with a reliable financier, it starts earning an interest based on the duration of the deposit.

Benefits of Investing in Fixed Deposit
Low Risk
Assured Returns
Tax Perks
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