A fixed deposit is a sum of money that you may invest through a bank but you control the term of investment and it gives you a fixed interest rate and you can use it for both short and long term investment purposes
How Does A Fixed Deposit Work?
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fixed deposit works as same as term deposit for example: If you are investing in fix deposit in any banks at the rate of some interest.you will get a lumsum amount ie principle amount +rate of intrest .
fixed deposit works as same as term deposit for example: If you are investing in fix deposit in any banks at the rate of some interest.you will get a lumsum amount ie principle amount +rate of intrest .