What are the features of fixed deposit?

1.	What are the features of fixed deposit?
Answer» Features of fixed deposit : Fixed deposits are ideal for depositing money for a specific period of time. The interest is high. Interest rate is calculated on the basis of the time period for which the money is deposited. Deposits could be withdrawn after maturity. If the money is withdrawn only after the completion of the specific period of time, then the specified interest rate will be provided. If the amount is withdrawn before the maturity of deposits, then the interest rate will be lower.

Answer»

Features of fixed deposit :

Fixed deposits are ideal for depositing money for a specific period of time. The interest is high. Interest rate is calculated on the basis of the time period for which the money is deposited. Deposits could be withdrawn after maturity. If the money is withdrawn only after the completion of the specific period of time, then the specified interest rate will be provided. If the amount is withdrawn before the maturity of deposits, then the interest rate will be lower.

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