In SBI's Flexi Deposit Scheme premature withdrawal is allowed.
SBI or State Bank of India, the country's largest lender, offers the option of opening a flexi deposit account under its personal banking portfolio.
SBI's flexi deposit scheme is similar to recurring deposit (RD).
However, in case of a flexi deposit, instead of a single fixed instalment every month, one can decide to vary his/her instalment amount and even the number of monthly instalments, within the annual sum defined, according to the bank's official website-sbi.co.in.
All resident individual customers including minors are eligible for this scheme.