Fixed deposits, also known as term deposits or time deposits, are a type of financial instrument that allows individuals to invest their money and earn a fixed amount of interest for a specified period. In this article, we will provide a comprehensive overview of fixed deposits, covering their features, benefits, and how they work.
Fixed deposits are a popular investment option for individuals looking for stable returns on their investments.
How Fixed Deposits Work
When an individual invests in a fixed deposit, they deposit a certain amount of money ...