This article offers a brief summary of the key aspects of the South Indian Bank’s Flexi Smart Deposit schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
South Indian Bank – Flexi Smart Deposit Features:
- Earn interest with a Fixed Deposit connected to your CD Smart account.
- Maintain Fixed Deposits in increments of Rs. 10,000, with a minimum deposit of Rs. 50,000 and a maximum of Rs. 1 crore.
- You have the flexibility to link any new Flexi Deposit to your CD Smart Account.
- Your Fixed Deposit is automatically broken in a Last In-First Out manner, and when your CD balance drops below Rs. 25,000, a minimum number of units are transferred to your CD account.
- Interest payouts occur quarterly, and TDS is applicable.
How to invest?
Click here to invest in the South Indian Bank’s Flexi Smart Deposit schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.