What is a Fixed Deposit? What is the minimum period of FD?
Answer / Anuj Baliyan
A Fixed Deposit (FD) is a type of investment where an individual deposits a lump sum of money in a bank for a specified period, in exchange for which the bank pays interest at a predetermined rate. The minimum period for a Fixed Deposit varies from bank to bank, but it is typically between 7 days and 10 years.
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