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What is a Fixed Deposit and How Does It Work?

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A fixed deposit (FD) is a popular mode of investment that banks and financial institutions provide. Through a fixed deposit, one can invest a sum for a definite period with an assured rate of interest. This is one of the safest ways to save capital with guaranteed returns, so many risk-averse investors have been attracted to it. This article explains what is fixed deposit and how it w... https://ourclass.mn.co/posts/75173841?utm_source=manual

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