A Monthly Flexi Deposit is a flexible savings scheme where you can deposit varying amounts every month instead of a fixed amount, while still earning interest similar to recurring deposits.
💰 Monthly Flexi Deposit
A Monthly Flexi Deposit is a modern savings option offered by banks that combines the discipline of a recurring deposit with the flexibility of a savings account. Unlike a regular RD, this scheme allows depositors to invest different amounts each month, based on their income or convenience.
Key features of Monthly Flexi Deposit include:
Flexible monthly deposit amount (no fixed commitment)
Attractive interest rates comparable to RD/FD
Easy top-up and partial withdrawal options
Automatic transfer from savings account
Suitable for self-employed and variable-income earners
Interest is usually calculated on a daily or monthly balance and credited periodically. Monthly Flexi Deposits are ideal for individuals who want to save regularly but do not have a fixed monthly income, such as freelancers or business owners.
This scheme helps build savings steadily while maintaining liquidity and convenience 💼📊.
