Fixed Deposits (FDs) are a type of fixed-income investment offered by banks and financial institutions. In an
FD, we deposit a lumpsum of money for a specific period, and in return, the bank provides a fixed interest rate for
that period. The interest rate and the maturity date are predetermined. We get a secure and predictable way to grow our savings.
Recurring Deposit: A Recurring Deposit (RD) is a type of term deposit where we deposit a fixed amount of
money regularly, usually monthly, for a predetermined period. It is a popular savings tool that helps individuals
develop the habit of saving while earning interest on their deposits.
Let us Observe (Page 132)
Look at the following pictures. Can you locate them in this textbook and write their name in the space given below?
Answer:
Drone
Cloth Hand Fan
Lotus
Butterfly
Bangles
Aeroplane
Spectacles
Lantern
Sunflower
Crutches
Cock
Gilli
Starfish
Spinning top
Compass
Laddu