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What are the salient features of flexi FD account?
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What is flexi deposit account?
All flexi-fixed deposits have a major feature that combines the advantages of all three accounts, viz. savings and current accounts and fixed deposits, which is the "Auto-sweep feature (sweep-in)". Under this feature, the excess balance of a stipulated amount is transferred to a fixed deposit (FD) account automatically for a default term of one ...
Dec 20, 2023 · Some of the salient features of the flexi FD account are as follows – Affordable deposit amounts: The deposit amount required to open a flexi fixed deposit account is affordable. Some banks allow you to open an account with as little as Rs.1,000, while some banks might require higher amounts.
Mar 15, 2024 · Here is a list of some of the salient features and benefits that depositors can avail of by opening a flexi fixed deposit account. Minimum Deposit Requirement – A flexi fixed deposit scheme comes along with a minimum deposit limit.
May 13, 2024 · Flexi fixed deposits offer several advantages over traditional fixed deposits. Let's take a closer look: Liquidity with High Returns: Flexi FDs provide the Flexibility to withdraw funds as and when required, making them an ideal choice for emergency funds or short-term savings goals.
Flexi Fixed Deposit offers numerous benefits when investing with ICICI Bank. Learn how Flexi FD provides flexibility, higher returns, and convenient fund management.
Mar 22, 2024 · A Flexi FD, also called a Flexible Fixed Deposit, combines a fixed deposit and a demand deposit. It provides the benefits of three accounts: a fixed deposit, a current account, and a savings account. You can get through Flexi FD both the high returns of a fixed deposit and the liquidity of current and savings accounts.
Oct 26, 2021 · What are the features of Flexi Fixed Deposit? 1. Flexible Deposit Tenure: A Flexi Fixed Deposit offers the advantage of flexible tenure. So, you can choose the deposit tenure as per your financial objectives by staying invested as long as you want or can select tenure for a short duration.