General Features
- A Fixed Deposit maintained in units of “Rs. 1,000/-” and linked to SB accounts.
- Flexi is broken automatically on a Last In-First Out basis. This mechanism is popularly known as “Sweep in” facility.
- The breakage from deposit will be treated as a part-closure of the flexi deposit. i.e. system would calculate the interest for the amount and period for which the broken amount remained with the bank based on the premature closure interest rate.
- Flexi breaking only happens at EOD so that any intraday debit can also be adjusted with any intraday credits.
- “ Interest adjustment due to sweep in happen only at branch day end and customer is liable to remit the interest adjustment shortage amount, if any, when required. ”
- Interest is paid out every quarter.
- “ Loan facility cannot be availed from Flexi Deposits. ”
- Pre closure penalty is applicable.
- “ Lien cannot be marked in flexi deposits. ”
- TDS is applicable on interest.
How to open an account
If you already have a SB account with our bank
- Download the application form(from the link provided below)
- Filled application forms with SB account numbers mentioned in the column for introduction is required and no other documnets are required
If you do not have SB account with our bank
- Download the application form(from the link provided below)
- Fill in the details and sign the form
- Proper Introduction (you may contact nearest branch for more details)
- You may bring the filled up form, two passport-size photographs and other relevant documents (as instructed by the Branch Manager) to our branch.
- You may register for the value-added services by filling up the respective forms
You may contact our nearest branch for more details.