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What is term Deposit and Term Loan

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(Querist)
16 February 2025 what is term deposits and Terms Loans.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
17 February 2025 In Term Deposits, the sum of money is kept for a fixed maturity and the depositor is not allowed to withdraw this sum till the end of the maturity period.
A term loan is a loan where a specific amount of money is repaid in fixed installments over a set period of time.
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