Get premium membership and access revision papers with marking schemes, video lessons and live classes.

Processing. Please wait.

Advantages of fixed deposits account

Answer Text:
Advantages of fixed deposits account.
-account earns more deposit than savings account and can be negotiated.
-the deposit in fixed account can be used as security for loan.
-no bank charges are levied to account holders.
-it brings deposit to account holder as it encourages savings culture.