Why is fixed deposit account not a normal account?

A fixed deposit account is not considered a normal account because it requires the account holder to deposit a specific sum of money for a predetermined period, during which withdrawals are typically not allowed without penalties. Unlike regular savings or checking accounts that offer flexibility for deposits and withdrawals, fixed deposit accounts provide higher interest rates in exchange for the commitment to keep the funds locked in for the agreed term. This structure makes them more suited for individuals looking for guaranteed returns rather than everyday banking needs.