But banks now have a flexible RD alternative that allows an individual to deposit additional amounts as and when available. The flexi RD has all the benefits of recurring deposits and, at the same time, provides additional convenience and flexibility. "They offer the same returns as regular RDs, but give you the flexibility of augmenting your investment whenever you have the funds. To highlight the benefits of flexible RDs, Shetty gives an example. Opening the flexi RD is similar to the regular RD.

Source: Mint May 02, 2021 12:22 UTC