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A Fixed Deposit (FD) is a secure investment option provided by banks and financial institutions. While investing in a fixed deposit, you deposit a lump sum amount for a fixed period at a predetermined interest rate. Unlike savings accounts, most FDs may not allow premature withdrawals without penalties.<br>Click here to know more: https://www.powerup.money/blog/wealth-concepts/fixed-deposits-explained-types-benefits-and-being-savvy-with-your-investments
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