Flexi Fixed Deposits offer certain benefits over normal fixed deposits, primarily due to the flexibility and liquidity they offer.
In a normal fixed deposit, individuals generally deposit a certain sum of money for a particular period of time, with this amount earning fixed interest.
Withdrawing this amount before maturity is generally not permitted, which can be a problem in emergencies.
Flexi Fixed Deposits overcome this problem by allowing account holders to withdraw / access money any time anywhere.