BANK FIXED DEPOSITS

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Bank Fixed Deposits

Bank Fixed Deposits offer a secure investment avenue where individuals deposit a certain sum of money for a fixed tenure at a predetermined interest rate. With guaranteed returns and protection under government deposit insurance schemes, they provide stability and capital preservation. Investors can choose from various tenure options and interest payment frequencies to align with their financial goals. While offering a fixed interest rate throughout the deposit period, premature withdrawals may incur penalties, and interest earned is subject to taxation as per the investor's income slab.