History quiz

In computer language what is the full form of FD?

The full form of FD in computer language is Fixed Deposit. It refers to a type of savings account offered by banks and financial institutions where a lump sum of money is deposited for a fixed tenure at a predetermined interest rate. The interest rate for fixed deposits is typically higher compared to regular savings accounts, and the funds cannot be withdrawn before the maturity date without incurring penalties. Fixed deposits are considered a low-risk investment option and are often used for financial planning and wealth accumulation.