The full form of SSD in banking is Savings and Deposit Scheme.
This scheme is offered by various banks and financial institutions to encourage individuals to save money and earn interest on their deposits.
The SSD typically involves a fixed deposit period, during which the deposited amount remains locked in.
At the end of the term, the depositor receives the principal amount along with accumulated interest.
This scheme is a popular choice for individuals seeking a safe and secure way to grow their savings.
