How SBI's Flexi Deposit Scheme Works: Rate Of Return, Withdrawal And Other Key Details ndtv.com

SBI or State Bank of India offers a special type of account similar to a recurring deposit (RD). In SBI's Flexi Deposit account, instead of a fixed instalment every month, an investor can decide to change the amount of instalment every month, and even the number of monthly instalments, according to SBI's corporate website, sbi.co.in. The alteration – or flexibility – in the amount and number of instalments, however, is determined by the annual sum defined.