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4 Top Banks Offering Flexi Recurring Deposit Schemes


Flexi Recurring Deposit offers flexibility to invest within minimum and maximum limit during the tenure of the Recurring deposit.

While, in regular recurring deposit the amount will be fixed till the maturity of RD.

Individuals with irregular income such as proprietors of small businesses or professionals can consider investing in Flexi RD. Interest rates and tenure on Flexi Recurring deposit will vary with the bank and the rates will be same as applicable for recurring deposits.

4 Top Banks Offering Flexi Recurring Deposit Schemes

Here are 4 best flexi recurring deposits to consider.

1) SBI Flexi Deposit Scheme

The minimum deposit amount is Rs 5,000/- and deposits can be made anytime during a month and any number of times. However, the maximum deposit amount should not exceed Rs 50,000/- in a financial year.

Higher amounts in multiples of Rs. 500/- may be deposited with a minimum of Rs. 500/- at any one instance. The minimum period of deposit is 5 years and the maximum is 7 years. The deposit can be made from saving, current, or OD account to open Flexi deposit account.

2) ICICI- iWish-Flexible RD

iWish is a unique deposit which allows you to create goals to save for specific wishes and share them with friends and family on Facebook. The minimum tenure is 6 months and the maximum tenure is 10 years. The minimum deposit amount is Rs 500 and the maximum deposit Rs 49,999. iWish is available only to existing Savings Account holders of ICICI Bank

3) Punjab National Bank- PNB Swecha Jama Yojna

Individuals can open an account, singly or jointly, by a minor of the age of 10 years and above in his name or through his guardian.

A depositor can choose a monthly installment with a minimum of Rs 100 or above in its multiples. However, the subsequent monthly installment will not exceed ten times of such core amount without any ceiling on maximum amount.


Deposit accepted for any period from 6 months to 120 months and interest is paid at term deposit rates on half yearly basis.

4) Bank of India- Star Flexi Recurring Deposit

It is a unique Recurring Deposit scheme which offers flexibility to the customer to choose core installment and to also choose monthly Flexi installments in multiples of the core installment. The minimum tenure is 12 months & Maximum 10 years.

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