Like I'm 5™

Lesson60 seconds

What is Fixed Deposit?

A bank deposit that locks money for a tenure at a stated .

Step 1 of 9

Simple Definition

A fixed deposit places funds with a bank for a fixed term at an agreed , with premature-exit penalties possible.

Explanation level

Tap a persona to hear the same idea in a totally different voice.

Try “Like I'm 5™” for a picture-book version - not the grown-up wording above.

Notebook

Your notes

Notes save automatically on this device

Knowledge graph

Fixed Deposit
Done Here Next