![What is the difference between a time deposit and a fixed deposit? Fixed Deposit](https://todaybusinessposts.com/wp-content/uploads/2024/04/reasons-why-you-need-to-have-a-fixed-deposit-600x400.webp)
What is the difference between a time deposit and a fixed deposit?
Fixed Deposits (FDs) and Time Deposits are two standard options for individuals seeking to grow their savings. An FD is a financial product offered by banks and financial institutions. It involves depositing a specific sum of money for a predetermined period, during which the bank pays a fixed rate of interest. On the other hand,…