Fixed deposits are highly
sought-after investment plans among the depositors and the investors these
days. As their attractive fixed deposit rates provide better returns and safety of funds. Savings account facilitates
withdrawal of money any time with no maturity period. Rather, a fixed deposit
does not entertain untimely maturity of money. Thus, whosoever wants to grow
his money and keep it safe should opt for fixed deposits as investment option.
Some of its benefits are - Amount
deposited in fixed deposits remain safe and are secured for a long time till
its maturity; and the investors get to earn a significant return on these
attractive fixed deposit rates.
Summary: Introducing lucrative and attractive fixed deposit rates by the banks and other financial and monetary
institutions has proven advantageous for the depositors and investors so far,
thus making them benefit from their investments and deposits.
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