From which type of deposits, money can be withdrawn only after the maturity date?

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KollegeApply · Accepted Answer

Fixed deposit account Explanation: Fixed Deposits (or time deposits) are those deposits which can be withdrawn only after the expiry of a certain fixed period. Money is deposited for a fixed period of time, which generally ranges between 7 days and 10 years. These deposits carry the highest rate of interest. The longer the period, the higher will be the rate of interest.

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