What is fixed deposit and how it works

Fixed deposit means , some certain of money that keep for long time compare to savings account. always Fixed deposits rates are higher than the other rate

In Some countries Fixed deposits called as Certificate of deposits. Some banks offer very special rate for Fixed deposits. But before investing on the Fixed deposit. please go through Financial Statements.

You can view the financial statements via corporate website. You can do analysis on that. The bank or financial institution has viable assets and liabilities ratio.

Compare to Fixed deposit , Savings have higher ratio of flexibility. If you need to take money or deposit money whenever you want , the best choice is savings.

from fixed deposit you unable to withdraw money at anytime. its a fixed one. if you withdraw the money you will get penalty.

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Fixed Deposit and how to use it

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