What is a Flexi FD? Understanding Flexible Fixed Deposits

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A Flexi FD, or flexible fixed deposit, is an innovative savings option combining the benefits of a fixed deposit with the liquidity of a savings account. This hybrid investment solution is ideal for those seeking stability with accessibility. Here's everything you need to know about Flexi FD:

  1. Seamless Liquidity: Unlike traditional FDs, a Flexi FD allows partial withdrawals without breaking the entire deposit. The remaining balance continues earning interest at the original rate, ensuring you maintain returns while accessing funds during emergencies.
  2. Linked Savings Account: A Flexi FD is typically linked to your savings or current account. This linkage enables automatic transfer of surplus funds from your account to the FD, maximizing returns without manual intervention.
  3. Attractive Interest Rates: While offering liquidity, Flexi FDs still provide competitive interest rates. They balance the benefits of higher returns associated with fixed deposits and the flexibility of a savings account.
  4. Ideal for Variable Income: If you have fluctuating income or surplus funds, a Flexi FD helps you park your money efficiently. It ensures better utilization of idle funds while maintaining easy access to your savings.
  5. Customizable Options: NBFCs offer various customization options for Flexi FDs, such as auto-renewal, choice of tenures, and partial withdrawal features, making them suitable for diverse financial needs.

Bajaj Finserv App: Simplify Fixed Deposit Management

Manage your fixed deposits seamlessly with the Bajaj Finserv App. Open a new FD account, calculate returns using the FD calculator, and track your investments in one place. The app offers competitive interest rates and exclusive FD schemes, ensuring smarter savings. Download the Bajaj Finserv App today for a hassle-free fixed deposit experience, and watch your wealth grow securely.

In conclusion, a Flexi FD is an excellent investment option for those seeking liquidity without compromising on returns. It offers a perfect blend of flexibility, convenience, and competitive earnings, making it an ideal choice for modern investors.


Location: India

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