Institution: Bangladesh Bank Exam: Officer (General) -Ansar VDP Unnayan | BD House Building Finance Corporation 28.09.2018 ||
Topic: International General Knowledge, Subject: International GK (আন্তজার্তিক বিষয়াবলী)

Best Answer Explained in Below-:

A bank's fixed deposit is commonly referred to as a "Term Deposit." This terminology underscores the nature of the investment: it involves depositing a lump sum of money with a financial institution for a predetermined period, known as the "term." During this period, the funds typically earn a fixed rate of interest that is generally higher than that of a regular savings account.

In contrast, other options like "Savings bank deposit" denote accounts that allow for regular deposits and withdrawals, but with a variable interest rate. "Demand deposit" refers to funds that can be withdrawn at any time without prior notice, like those in checking accounts. Lastly, "Current deposit" is typically used for accounts held by businesses, designed for frequent transactions without the restrictions of a fixed deposit.

Thus, the term "Term Deposit" specifically characterizes the fixed nature and maturity aspect of the investment, making it the correct choice in this context.