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.

With South Indian Bank, you can open the SIB Flexi Deposit seamlessly without much hassle.

If you are an existing SIB customer with a Savings Account or Current Account with us, follow the below simple steps.

Download the application form Click Here
Filled application forms with SB/CA account numbers mentioned in the column for introduction is required and no other documents are required.

In case you do not have a Savings Account or Current account with our bank, still you can easily open a deposit with us by following the below steps.
Download the application form Click Here

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 documents like Passport/Ration card/Aadhaar card/Voter's card/PAN card as proof of address to our branch.
You may register for the value-added services by filling up the respective forms.

South Indian Bank offers attractive rate of interest for Flexi Deposit.

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Interest Rates	Check Interest Rates

Check out the FD calculator to know how your investment will grow over a period with us.

Frequently Asked Questions

To get answers to the frequently asked queries

Flexi linked to the operative account is broken automatically on a Last In-First Out basis thus meeting the immediate fund requirements of the customer and will get contracted rate of interest for the rest of the amount in deposit.

There is no limit on number of partial withdrawals from Flexi Deposit. Pre closure penalty is applicable.

A Flexi Deposit can be opened with a minimum value of Rs 1000/-.

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