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Is a 1-Year Fixed Deposit Right for You? Essential Considerations
- Location: India
1 year fixed deposit (FD) is a great starting point for first-time investors seeking stable returns with minimal risk. It provides guaranteed interest, making it a secure option compared to market-linked instruments. With a short tenure, your funds remain accessible sooner, offering liquidity for immediate needs. Interest rates for 1-year FDs are competitive, and some banks or institutions may offer special rates.
Useful information
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