What are the Advantages of Having a Fixed Deposit Account
Do not save what is left after spending, but spend what is left after saving.” – Warren Buffet. A fixed deposit (FD) is an efficient financial instrument, where a certain sum of money is deposited into a bank account or with a financial institution, and interest is earned on the amount for a specified duration of time. The rate of interest earned varies with the financial institution where the money is deposited, the amount of money and the tenor of the FD. What are the Advantages of Having a Fixed Deposit Account