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What is Fixed Deposit: Meaning, Type, Interest Rate, Benefits - ET Money

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WebA fixed deposit or FD is an investment product offered by banks and Non-Banking Finance Companies (NBFCs). In FDs, you invest for a set amount of time and get a fixed interest … WebKesoram was founded in 1919 under the name of Kesoram Cotton Mills Ltd. From its humble beginnings as a cotton textile mill in Calcutta, Kesoram expanded into the production of rayon. Its first rayon plant was built in 1959, with a production capacity of 4,635 metric tons of rayon yarn per year. The spirit of entrepreneurship did not end there. WebA Fixed Deposit account (FD) is a financial instrument offered by banks, which allows you to save your money for a fixed period of time to generate higher interest compared to a conventional savings account. In many western countries, FD is also known as term deposit or time deposit. katherine elizabeth macdonald md