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Types of Fixed Deposit Accounts in India: A Comprehensive Overview
- Location: India
Fixed deposits (FDs) come in different types, such as Standard FDs for guaranteed returns, Tax-Saving FDs offering deductions under Section 80C, and Senior Citizen FDs with higher rates for retirees. Cumulative FDs compound interest, while Non-Cumulative FDs pay interest regularly, making them ideal for steady income. Choose based on your financial goals.
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