A Fixed Deposit (FD) is a financial instrument provided by bank which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It is known as fixed deposit is that the money cannot be withdrawn from the FD as compared to arecurring depositor ademand depositbefore maturity. We may offer additional services to FD holders such as loans against FD certificates at competitive interest rates. It's important to note that banks may offer lesser interest rates under uncertain economic conditions. These investments are safer than Post Office Schemes as they are covered by the Deposit Insurance and Credit Guarantee Corporation(DICGC). However, DICGC guarantees amount up to 500000 per depositor per bank.
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