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image  UNION FLEXI SAVINGS DEPOSIT

FEATURES

This deposit scheme has integrated features of the Savings Deposit and Fixed Deposit, namely liquidity with higher interest returns on surplus funds. The details of the scheme are as under:
 
Union Flexi Savings Deposit Scheme (SBNFD)
Parameters Features
Name of Scheme Union Flexi Savings Deposit
Eligibility Individuals, Non-Govt. Bodies/Organizations/Agencies who are eligible to open Savings Bank account. (except Corporates& Govt. agencies/corporations)
Minimum Balance in SB Rs.50,000/=
Sweep Out amount Rs.10,000/= and in multiples of Rs.10,000/- up to Rs. 1.00 Crore per day per customer
Periodicity of Sweep out Daily
Sweep in amount Rs.5,000/= and in multiples of Rs.5,000/=
Period of Term Deposit 46 days to 1 year
Free Benefits
  1. 5 cheque books of 20 leaves each per FY.
  2. No NEFT/RTGS charges.
  3. No Minimum Balance Charges.   
 
Rate of Interest
As applicable to Savings Bank Deposit and Fixed Deposit in force from time to time. Interest will be paid on a quarterly basis on the Fixed Deposit and credited into Savings Flexi deposit account

OTHER FEATURES

FORMS AND DOCUMENTS


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