The fixed deposit scheme is one where you need to deposit money for a fixed period of time for a interest rate.

dynamic

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low

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zero

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fixed

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Solution

The correct option is D fixed
In a fixed deposit scheme, a customer is allowed to deposit money in the bank for a fixed period of time and for a fixed interest rate. If customers break the fixed deposit before the due date, they get a lower interest amount and also pay a penalty for the premature withdrawal.

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