Investkraft: Your Guide to Fixed Deposits � What are they and How to Invest?
Investkraft13 Jul, 2023Finance
Fixed deposits, also known as term deposits, are a popular financial instrument that offers a secure and reliable way to grow your savings. As an investor seeking stable returns, understanding fixed deposits and how to invest in them is essential. Fixed deposits are financial instruments offered by banks and other financial institutions. When you invest in a fixed deposit, you deposit a certain amount of money for a specific period, known as the term or tenure. During this period, your money earns a fixed interest rate, which is typically higher than regular savings accounts.
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