This comes with a minimum and maximum deposit amount of Rs 5,000 and Rs 50,000, respectively, in a financial year, while the minimum installment amount is set at Rs 500. One can also choose the number of monthly installments, within the annual sum defined. SBI Flexi Deposit Scheme: Depositors can decide to vary his/her installment amount, instead of a single fixed installment every month as in regular FDs. Find out what SBI, HDFC and ICICI Bank have to offer.
Names of these flexible fixed deposits differ from bank to bank. How to use credit cards wisely in financial emergencies