Flexi Fixed Deposits

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.

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