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A Fixed Deposit (FD) is a financial instrument provided

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Date5/29/2019 9:07:15 PM
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A Fixed Deposit (FD) is a financial instrument provided by banks or NBFCs (Non Banking Financial Company) which provides investors a higher rate of interest than a regular savings account, until the given maturity date.The interest rate offered on fixed deposits are compounded quarterly and is a risk-free saving instrument. The interest rate offered is less for shorter duration and increases gradually for the longer duration.

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