Fixed Deposit

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Fixed Deposit

• Welcome to our presentation on fixed deposits!
  Today, we'll be discussing about fixed deposits.
  Fixed deposits are an important part of any
  financial portfolio, and we're excited to share
  more about them with you.
• Fixed deposits, also known as term deposits, are
  a type of bank account where you deposit a sum of
  money for a set period of time, usually ranging
  from one month to several years. During this
  time, the bank pays you a fixed interest rate,
  which is typically higher than the interest rates
  offered on savings accounts. Fixed deposits are a
  low-risk investment option that can help you earn
  more on your savings.

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What is Fixed Deposit?

• A fixed deposit is a type of bank account where
  you deposit a sum of money for a fixed period of
  time, usually ranging from one month to 10 years.
  

• At the end of the term, you receive your initial
  deposit plus the accrued interest

• Unlike other types of bank accounts, such as
  checking or savings accounts, fixed deposits have
  a fixed term and interest rate. This means that
  you cannot withdraw the money before the term
  ends without incurring penalties, and the
  interest rate remains constant throughout the term

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Features of Fixed Deposits

• Safe Risk Free
• Attractive Interest Rates
• Flexible Amounts
• Senior citizen benefits
• Flexible Tenure
• Flexible Interest Withdrawal
• Overdraft Facility

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Eligibility Criteria to open FD

• Indian Resident
• Hindu Undivided Family
• Sole Proprietorship Firm
• Trust account
• Limited Companies

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Conclusion

• In conclusion, fixed deposits offer a secure and
  reliable way to grow your savings. With
  guaranteed returns and higher interest rates than
  other types of bank accounts, fixed deposits are
  an excellent choice for those looking to maximize
  their earnings.
• However, it's important to consider the potential
  risks and drawbacks, such as penalties for early
  withdrawal and inflation risk. By carefully
  selecting the right term length and diversifying
  your investments, you can mitigate these risks
  and enjoy the benefits of fixed deposits.. You
  can definitely check out the Fixed Deposit
  provided by Unity Bank

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Thank you for your time ??