Short-Term FD vs Flexi Deposits- Which is the Best?

Most of the people prefer to choose fixed deposits over other investment options such as mutual funds, stocks, bonds, real-estate, golds, etc., because these are all dependent upon the market conditions and market fluctuations, but FDs remain secure and safe for the entire tenor. It keeps your invested money safe and also offer you assured higher returns.

Short-term FDs:

• In a short-term FD, your money gets locked for certain time period and your get interest gains. Know how to invest in a short term fd.
• The investment tenor is short. 
• The tenor can be availed between 7 days to 2 years.
• The minimum limit of FD can be very high in some lenders, for example up to Rs. 10 K.
• Short-term FDs are also safe and give assured ROI.
• These short-term FDs provide almost double the interest if you compare to the bank savings account.
• You may need to pay some taxes on your interest-based income on short term FDs.
• Short-term FD scheme can be used for any purposes. 
• Withdrawal of the short-term FDs includes a cost. 

Along with short-term FD if it required you may also go to choose long-term FD. It is always advisable to read in depth before choosing and investing in any of the schemes. Here’s a detailed view on long-term fd vs short term fd which can make it easy to choose the right one as on your requirement.

Flexi deposits:

It is more or less similar to regular deposits, but Flexi deposit offers flexible features and benefits, as it can be customized as per your preferences, goals that you want to fulfill in the future.
To know the other features and benefits of Flexi deposit and to make the right decision, read: http://www.articles.gappoo.com/Articles-of-2018/what-better-investment-scheme-short-term-fd-or-long-term-fd