A Flexi-Fixed deposit is a special kind of deposit offered by banks in India. It is a combination of a demand deposit and a fixed deposit. The depositor is able to enjoy both the liquidity of savings and current accounts and the high returns of fixed deposits.
A Flexi-Fixed deposit has two features that effectively combine the benefits of savings and current accounts and fixed deposits:
Many banks do not allow customers to take out loans against amounts in the FD component of Flexi Fixed deposits. [2] [3]
A Flexi-Fixed deposit is a special kind of deposit offered by banks in India. It is a combination of a demand deposit and a fixed deposit. The depositor is able to enjoy both the liquidity of savings and current accounts and the high returns of fixed deposits.
A Flexi-Fixed deposit has two features that effectively combine the benefits of savings and current accounts and fixed deposits:
Many banks do not allow customers to take out loans against amounts in the FD component of Flexi Fixed deposits. [2] [3]