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How does Flexi Deposit work?
A flexi-fixed deposit is a special kind of deposit scheme offered by banks. In flexi- fixed deposit, the depositor is required to manually add money to their deposit account. The depositor opting for a flexi FD gets the benefit of both the liquidity of savings accounts and the high returns of fixed deposits.
What is Flexi saving account?
A flexi fixed deposit, as the name suggests is a fixed deposit which offers flexibility and convenience to customers. It is a combination of a fixed deposit and a recurring/savings account, ensuring customers get the benefit of high interest rates offered by Fixed Deposits, plus liquidity offered by saving accounts.
What is Axis Bank Flexi?
Encash 24 Flexi Deposit from Axis Bank is a dual benefit fixed deposit (FD) account that provides the account holder the advantages of holding a savings account as well as that of an FD account. This will allow the customer to withdraw money from the term deposits account in case of a cash crunch.
What is flexi deposit in bank?
A Flexi-Fixed deposit is a special kind of deposit offered by banks in India and other countries. It is a combination of a demand deposit and a fixed deposit. The depositor is able to enjoy both the liquidity of savings and current accounts and the high returns of fixed deposits.
What is axis flexi deposit?
What does flexi amount mean?
“Flexi Percentage” means the maximum percentage that you can. withdraw from your Account at any time without an early withdrawal. penalty.
What is axis flexi?
What is flexi deposit in Ubi?
Savings Flexi Deposit Scheme (SBNFD)
| Eligibility | Individuals, Non-Government bodies/Organisations/Agencies who are eligible to open savings bank accounts. |
|---|---|
| Periodicity of Sweep out | Daily |
| Sweep in amount | Rs.5,000/ and in multiples of Rs 5,000/- |
| Period of Term Deposit | 46 days to 1 year |
| Type of Debit card | Platinum card |
What is Axis Bank Flexi deposit?
What is the encash 24 flexi deposit scheme?
The Encash 24 Flexi Deposit scheme offers you the liquidity of a savings account and the high returns of a Fixed Deposit. Keeping in view, Axis Bank’s aim of customer’s ease of access, you can now create and manage your deposit accounts online. Watch your money grow with Axis Bank Deposits.
What are the special offers of Axis Bank?
Get the best out of your wealth with Axis Bank’s special offers on Fixed and Recurring Deposits that come with competitive rates of interest. Avail added benefits and tax savings on your money with the Tax Saver Fixed Deposit. The Encash 24 Flexi Deposit scheme offers you the liquidity of a savings account and the high returns of a Fixed Deposit.
What is auto fixed deposit in Axis Bank?
Axis Bank’s Auto Fixed Deposit links the existing Savings Account to the Fixed Deposit. This facilitates automatic transfer of money in multiples of Rs. 5,000 to a Fixed Deposit when the balance in the Savings Account crosses Rs. 25,000.
How to check if a cheque is issued to a non-Axis customer?
If the cheque was issued in favour of an Axis Bank Customer, you could see the name of beneficiary in place of BRN-CLG-CHQ. In this case, the beneficiary was a non-axis customer.
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