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Earn Higher Interest in SB and Earn Interest in Current Account

Earn Higher Interest without losing liquidity

Flexi Fixed Deposits (Sweep In & Out Facility)

Flexi Fixed Deposit facility or Sweep facility in Savings or Current Account allows you to earn Higher Interest in your Savings account and Interest in Current Account without loosing your liquidity.

  • Benefits
  • Features
  • Eligibility Criteria
  • Documents Required
  • Interest rates & charges
  • Most Important Terms and Conditions (MITC)

Flexi Fixed Deposits (Sweep In & Out Facility) : Benefits

  • Earn Higher Interest without losing liquidity.
  • Balance above a certain threshold will be moved out to separate FFD account which will fetch Rate of Interest as per normal TD rates. For latest Rate of Interest, please visit url:- Fixed Deposits Callable & Non-Callable upto ₹10.00 Crores
  • FFD facility is allowed in Select Savings and Current Schemes only. Please contact your branch or check on the scheme page on website for your Scheme features regarding the FFD facility.
  • Parameter of FFD is pre-defined for each Scheme. Please visit you Scheme page for knowing the FFD parameters of your Account Scheme.
  • FFD facility can be revoked anytime by submitting the written request in Base Branch.
  • The FFD request letter (Activation or Deactivation) should be signed as per Signing Mandate of the Account. Requisite forms for the same can be downloaded from revised-customer-request-form-10-18.pdf  
    PDF 1,339 KB
  • Funds in Savings as well as FFD are always available to you for use same as Saving or Current Account.

Flexi Fixed Deposits (Sweep In & Out Facility) : Features

  • Flexi Fixed Deposit facility allows you to earn Higher Interest in your Savings account and Interest in Current Account without losing your liquidity.
  • Selective schemes of Savings and Current Accounts have optional facility (activated on customer/s written demand) of Auto Sweep where balances above a certain threshold.
  • Flexi Fixed Deposits in multiples of a predefined sweep out amount (Threshold amount, sweep out amount, Sweep in Amount, and deposit period are scheme specific).
  • Whenever the balance in a savings/current account falls short below (stipulated balance requirement) to clear any debits in the operative account, the FFD can be broken in the Last in First Out (LIFO) principle (in multiples of sweep out amounts specific to scheme) as per the set process of the Bank.
  • FFD creation happens every Monday.
  • FFD break happens as and when Funds required in operative Account.
  • FFD facility is allowed in Select Savings and Current Schemes only. Please contact your branch or check on the scheme page on website for your Scheme features regarding the FFD facility.
  • Parameter of FFD is pre-defined for each Scheme. Please visit you Scheme page for knowing the FFD parameters of your Account Scheme.
  • FFD facility can be revoked anytime by submitting the written request in Base Branch.
  • Funds in Savings as well as FFD are always available to you for use same as Saving or Current Account.
  • Scheme Change in Savings or Current Account will disrupt your FFD creation, please contact and discuss the impact of the scheme conversion.
  • Mere Conversion of Scheme from Non-FFD scheme to FFD scheme will not start the FFD, Separate instructions are needed for starting FFD facility in the Account.
  • Similarly, Mere Conversion of Scheme from FFD scheme to Non-FFD scheme will lead to premature / closure of all existing FFDs, please contact and discuss the impact of the scheme conversion.
  • TDS will be applicable as per Income Tax norms in Flexi Fixed Deposits as well.
  • FFD Schemes 
    PDF 393 KB

Flexi Fixed Deposits (Sweep In & Out Facility) : Eligibility Criteria

  • Selective schemes of Savings and Current Accounts have optional facility (activated on customer/s written demand)

Flexi Fixed Deposits (Sweep In & Out Facility) : Documents Required

  • Please submit written request for activating the Flexi Fixed Deposits facility in your saving or current account scheme (available in Selected Scheme only)
  • The FFD request letter (Activation or Deactivation) should be signed as per Signing Mandate of the Account. Requisite forms for the same can be downloaded from revised-customer-request-form-10-18.pdf  
    PDF 1,339 KB

Flexi Fixed Deposits (Sweep In & Out Facility) : Interest rates & charges

Flexi Fixed Deposits (Sweep In & Out Facility) : Most Important Terms and Conditions (MITC)

  • Selective schemes of Savings and Current Accounts have optional facility (activated on customer/s written demand) of Auto Sweep where balances above a certain threshold.
  • Flexi Fixed Deposits in multiples of a predefined sweep out amount (Threshold amount, sweep out amount, Sweep in Amount, and deposit period are scheme specific).
  • Whenever the balance in a savings/current account falls short below (stipulated balance requirement) to clear any debits in the operative account, the FFD can be broken in the Last in First Out (LIFO) principle (in multiples of sweep out amounts specific to scheme) as per the set process of the Bank.
  • FFD creation happens every Monday.
  • FFD break happens as and when Funds required in operative Account.
  • FFD facility is allowed in Select Savings and Current Schemes only. Please contact your branch or check on the scheme page on website for your Scheme features regarding the FFD facility.
  • Parameter of FFD is pre-defined for each Scheme. Please visit you Scheme page for knowing the FFD parameters of your Account Scheme.
  • FFD facility can be revoked anytime by submitting the written request in Base Branch.
  • The FFD request letter (Activation or Deactivation) should be signed as per Signing Mandate of the Account. Requisite form can be downloaded from revised-customer-request-form-10-18.pdf  
    PDF 1,339 KB
  • Funds in Savings as well as FFD are always available to you for use same as Saving or Current Account.
  • Scheme Change in Savings or Current Account will disrupt your FFD creation, please contact and discuss the impact of the scheme conversion.
  • Mere Conversion of Scheme from Non-FFD scheme to FFD scheme will not start the FFD, Separate instructions are needed for starting FFD facility in the Account.
  • Similarly, Mere Conversion of Scheme from FFD scheme to Non-FFD scheme will lead to premature / closure of all existing FFDs, please contact and discuss the impact of the scheme conversion.
  • TDS will be applicable as per Income Tax norms in Flexi Fixed Deposits as well.

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