Flexi Fixed Deposit items offer liquidity fit as a fiddle of Savings/Current store reserves and higher profits as are accessible for altered store stores. In addition, there is likewise a component of adaptability as the contributor can meet assets prerequisite without losing the enthusiasm, since exchange of assets to Savings/Current record is made accessible as an in-assembled plan at whatever point required by the investor. In nutshell, the plan empowers an investor to get returns on his/her assets as an altered store yet in the meantime holding the character of liquidity which is accessible in Savings Banks/Current Account.

Qualification:

The Scheme is made accessible at all CBS branches and client will need to satisfy taking after conditions for its availment:

a) Customer will need to open an agent Account (Savings or Current) under the Scheme (Flexi Fixed Deposit), if not keeping up one as of now. The Account Opening Form (AOF) should keep on being the same as required for SB/CA. While getting Account Opening Form, the kind of record will be set apart as "FLEXI FIXED" on the AOF itself. The client should not be required to experience customs of getting issued separate settled store receipts, at whatever point the assets are exchanged from the Savings bank/Current record under the Auto Sweep.

b) notwithstanding the Account Opening Form, a Letter of Undertaking (Annexure II) and affirmation for Rules and Regulations (Annexure III) for doing the solicitation for the altered part of Amount and its Periodicity will be gotten from the client (Proformae encased).

c) Resident Indian clients might be qualified to open records under the plan gave they keep up such record in Savings Bank/Current Account under particular classification as point by point in Annexure I.

d) Flexi Fixed Deposit accounts might be opened either independently or mutually.

e) To profit Flexi Fixed Deposit items, Staff, Ex-staff, Pensioners and Senior Citizens will need to keep up records under this plan. Be that as it may, concession in least adjust prerequisite and punishment subsequently for not keeping up least adjust won't be accessible to these classifications.

Least Amount of Deposit:

In the event of new records, the underlying store, according to the particular classification under which the record is proposed to be opened, might be the pre-imperative. In the event of non-upkeep of least Average Quarterly Balance (according to Annexure I), punishment as determined against every class of Savings/Current record might be demanded in the record.

Period of Deposit:

A store under the plan might be acknowledged according to underneath outline

S.No
Plan
Proposed Flexi Period
People
Non Individuals

1
Current Account Premium Gold
(CA-109)
45 days to 1 year
Default period 45 days
46 days to 90 days
Default period 46 days
91 days to 179 days
Default period 91 days

2
Sparing Smart Save (SB-211)
91 days to 59 Months
Default period 91 days
91 days to 179 days
Default period 91 days