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Planning to open fixed deposit account? Here are 4 things to consider before investing

Updated : August 29, 2020 01:36 PM IST

Fixed deposits (FDs), also known as term deposits, are one of the best options for people looking for an assured income as they are risk-free.
In FDs, a lump sum amount is locked-in for a specific period. Investors can choose tenure usually in the range of 7 days to 10 years.
FDs are offered by commercial banks, small finance banks as well as non-banking financial companies (NBFCs).
Planning to open fixed deposit account? Here are 4 things to consider before investing

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