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Also known as a Period Certain Annuity. Fixed Period Annuity is a term used to describe a specific payout option for an Immediate Annuity contract. When an annuity distribution period begins or the annuitization begins, the annuitant can choose distributions over a fixed period of time.
Fixed Deposit. A regular income scheme in which interest can be paid at regular intervals viz. monthly, quarterly, half yearly or yearly at the option of the depositor. An Individual in his/her own name. Individuals in their joint names with suitable repayment instructions. Minor represented by parents / guardian. Clubs, Societies, Associations, Educational Institutions, Trusts, Firms, Partnerships, Joint Stock Companies, Executors, Administrators, HUFs, Govt.