Any resident individual singly or jointly , including a minor through his guardian can open the account. The customer must have one operative Saving Bank / Current Account which is to be linked with Flexi Deposit

1] Minimum balance in Flexi Deposit A/C: Saving Bank A/C holder may open Flexi Deposit A/C with Rs. 10,000/- and Current Account holder may open Flexi Deposit A/C with Rs. 20,000/- as minimum initial deposit , future deposits in the account will be in multiples of Rs. 5,000/-
2] In case of Saving Bank A/C minimum balance will be Rs.10,000/- whereas in case of Current Deposit A/C minimum balance of Rs.25,000/- shall have to be maintained. The account in multiples of Rs.5,000/- above the prescribe minimum balance in respective account shall be transferred to Flexi Deposit A/c before completion of Day end activity.
Penalty for not maintaining minimum balance : Penalty at the rate of Rs.100/- per quarter shall be leived in case minimum quarterly average balance is not maintained in the connected saving Bank/Current Deposit A/C.This penalty shall be in addition to the amount of penalty to be levied in various types of accounts for not maintaining stipulated minimum balance.
Note:No change in penalty on non-maintenance of minimum balance of Rs.5,000/- in FFD linked Saving Bank A/c

The Flexi Deposit account can be opened for 15 days to 91 days (in days)as per the standing instructions of the customer.

The Flexi Deposit account is a term deposit and the rate applicable on term deposit as per rules will be paid. Senior Citizens will also get additional benefit as per rules.

The facility of nomination is also available in the Flexi Fixed Deposit Scheme.

1] FACILITY OF REVERSE SWEEP: The scheme has inbuilt option of reverse sweep also that means when a cheque / withdrawal is presented for payment in linked Saving Bank/Current Account,number of units in multiples of Rs. 1,000/- will be paid before maturity. The premature payment of units will be made on last in first out method.
2]FACILITY OF AUTOMATIC RENEWAL: As per instructions of the customer the deposit matured can be renewed automatically on the due date.