Explain the following concept: Fixed Deposits

Question

Explain the following concept: Fixed Deposits

Explain the following concept:

Fixed Deposits

Monjur Alahi

5 views

2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

Fixed Deposits are the deposits received for a fixed period. The rate of interest is high for fixed deposits. The longer the period of deposit, the higher is the rate of interest.

5 views Answered 2023-02-05 15:29