Flexi Fixed Deposit | How it works, Features, Benefits and Taxation | Complete Guide Malayalam 

How to get higher interest from your saving account?
What is a Flexi Deposit or Flexi Account or a Flexi Fixed Deposit?
A Flexi fixed deposit, as the name suggests is a fixed deposit that offers flexibility and convenience to customers. It is a fixed deposit linked to a savings account to provide customers with the benefit of high-interest rates offered by Fixed Deposits plus liquidity offered by saving accounts.
In this video, we will explain the features, benefits, and taxation of flexi fixed deposits. We will also discuss how flexi fixed deposits work and how to choose the best one for your needs. Watch this video to get complete information about the Flexi fixed deposit.
Additional Tax information: A person can submit 15G/H form to banks for waiving TDS up to 2.5 lakhs interest income per Financial Year.
Special Thanks to my friend Sibi(An Employee of South Indian Bank) for providing the additional details about this scheme.
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©️ Pishukkan Episode 59
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