A fixed deposit or FD is a financial instrument provided by banks. it provides investors with a higher rate of interest than a regular savings account. The basic criteria for a fixed deposit is that the money cannot be withdrawn from the FD. It we compared to a recurring deposit or a demand deposit before maturity. A flexi fixed deposit is a special and important kind of deposit scheme. Which is offered by banks in India and many countries in the world. it is a combination of demand deposit and a fixed deposit.
- Interest income monthly, quarterly or annually.
- Loan against deposits.
- Tenure ranges between six months to 10 years.
- Guaranteed Returns