Whats better? FD or flexible FD?

Question

I've been asked my bank whether i would like to keep money to book as flexible FD, which i can get interest rate @ 9.5% p.a., (I m having saving a/c. which gets me 3% normally). one can withdraw money at any time and that too with 0 balance. Pl. advise

Answer 1

If you are putting your money in saving account than it will be reduced even getting interest on it. Wherever you put your your money keep in mind the inflation rate which must remain less than your return. So if you want to hold your money for five or six month in bank in FD than you should go for equity base Mutual Funds they will give you 15% to 20% comfortably.

Answer 2

IN TODAYS SCENERIO IT'LL BE  better u invest in flexible FD

Answer 3

EQUITY LINKED DEBENTURE for current situation, birla sun life has given the best returns