A fixed deposit or FD is a financial instrument provided by banks. it provides investors with a higher rate of interest than a regular savings account. The basic criteria for a fixed deposit is that the money cannot be withdrawn from the FD . it we compared to a recurring deposit or a demand deposit before maturity. A flexi fixed deposit is a special and important kind of deposit scheme. Which is offered by banks in india and many countries in the world.it is a combination of demand deposit and a fixed deposit.
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