FD
Definition : Fixed Deposit
Category : Business Banking
Country/Region : India India
Popularity :

What does FD mean?

Fixed Deposit (FD) is a kind of high-interest-yielding deposit offered by banks in India. FD is a deposit held by a bank or other financial institution for a fixed period of time agreed upon between the bank and the depositor. FD offers higher interest than a regular savings account but imposes conditions on the amount, frequency, and/or period of withdrawals.

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