Flexi and sweep in fixed deposit facilities can provide an easy way to get better returns on your deposits in a savings bank account. However, if the facilities are not used effectively, you may not get the desired return. In other words, if you make withdrawals frequently from your savings account which is linked with flexi and sweep in fixed deposit facilities, you will lose out on interest. Further, this will also complicate the calculation of the returns, making it difficult to compute how much interest you have actually managed to earn during the year.
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