What is Fixed deposit? advantages and disadvantages

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In this Video, learn about what is fixed deposit and how you can take its benefits.

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A fixed deposit or an FD is an investment instrument that banks and non-banking financial companies (NBFC) offer their customers. Through an FD, people invest a certain sum of money for a fixed period at a predetermined rate of interest in an FD. The rate of interest varies from one financial institution to another, although it is usually higher than the interest offered on savings accounts.

Fixed deposits are available for different periods, ranging from very short-term tenures of 7-14 days to long tenures of 10 years. A fixed deposit is sometimes known as a term deposit.

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Bhai apne ye kaise banaya please replay

islamiclearning
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When we fixed deposit money, the return intrest rate is only 5% where as if we go and take loan the intrest rate is more then 15 or 20%, govt is looting us, , and in face of fd using our money with so less interest rate wow 😂😂😂😂, nice😅

jourdenbmx