In today's time, saving your money and helping it grow is one of the best financial decisions you can make, as these will give you long term benefits, it doesn't matter whether you are a senior citizen or part of the general public.

Although, senior citizens mostly trust fixed deposits (FD) as it gives them security in their old age and now, the general public is also stepping towards it. A fixed deposit can be a great option for everyone. It not only keeps your money safe but also gives you guaranteed returns in the form of interest after a certain period.

So, if you are someone looking to save your money while also earning a good return , an FD can be a smart choice. In this article, will take a simple example to understand how banks like State Bank of India (SBI), Bank of Baroda (BoB)

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