Flexi Cash have very low risk

QUESTION:

In terms of risk and reward, how does FlexiCash compared with deposit placed with a credit cooperative?

When will the Flexi-Cash promotion ends? Does Income Centre open on Saturday to accept such transactions?


REPLY

Flexi Cash is invested in the money market. Most of the money are lent to banks, so they are quite safe. Some of the money is invested in short term bonds, which are well rated. The risk of loss is very low.

As the money market is invested in short term instruments, there is also very neglible risk of loss due to a sharp increase in interest rate (which may happen to long dated bonds).

The promotion should be available for a few weeks. So, you do not need to hurry.

Income Center is open on Saturday morning.