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Fixed Deposits(FDs) are financial instruments where an investor deposits a lump sum of money for a fixed period ranging from a few weeks to a few years and earns a pre-determined rate of interest. One of the factors that influence the rate of interest would be the tenure of the deposit.FDs are normally offered by banks. Fixed deposits are a secured way to save your hard earned money.
Hey thanks for the useful information, even I heard that Fixed Deposits are safest way of investment. There are many banks that offers Fixed Deposits services like HDFC , ICICI and SBI.
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