Multiple choice

An account which provides a combination of savings bank and investment deposits (FD and reinvestment deposits) is known as

  1. Optional Deposits;

  2. Floating Deposits;

  3. Flexi Deposits

  4. Continuing Deposits

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Flexi deposits are hybrid accounts that link a savings account to a fixed deposit. They provide the liquidity of a savings account while offering the higher interest rates associated with fixed deposits.