A savings deposit is a secure financial account where individuals can store and accumulate funds while earning interest. Typically offered by banks, it provides a safe haven for money, allowing depositors to build a financial cushion, plan for future expenses, and earn modest returns on their savings.
The current deposit refers to a service without any deposit term limitations that cash deposits and withdraws can be made at Bank counters, Bank self-service equipment’s with Bank card,passbook or reserved password during Bank business hours.
A fixed deposit is a secure investment option where a sum of money is deposited in a bank or financial institution for a predetermined period at a fixed interest rate. It offers stability and guaranteed returns, making it an ideal choice for risk-averse investors seeking capital preservation and modest growth.
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