Allahabad Bank offers at least 9 Fixed Deposit schemes with different rates of interest to attract investments from different types of depositors, who look for handsome returns upon maturity.
Fixed deposits are a safe and remunerative investment option for risk-averse investors. They are characterized by low liquidity but near-guaranteed returns that are not dependent on market movements. Fixed deposit schemes give people the opportunity to park their money for a set time to earn interest based on a fixed rate once the time period expires.
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