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.

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