Short-term Fixed Deposits: Definition, Key Features, and Int

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Short-term Fixed Deposits: Definition, Key Features, and Interest Rates

Short-term fixed deposits are financial products with durations from 7 days to 1 year, offering higher interest rates than savings accounts. They provide guaranteed returns, easy liquidity, and flexible tenures. Interest rates typically range from 3% to 7%, depending on the bank and deposit period, making them ideal for short-term investments.

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