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How Does A Fixed Deposit Work?

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Anonymous answered
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
achoasei vera gnwaheisah Profile
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Anonymous answered
Hi team
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 .

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