For balances up to Rs. 20,000, you will earn the prevailing Savings Account interest rate. For balances above Rs. 20,000, a Flexi Fixed Deposit (FFD) will get automatically created in multiples of Rs. 500 and
the rate applicable would be of the prevailing 1 year Fixed Deposit Rate. If the balance in your account is Rs. 21400, you will earn the prevailing savings account interest of 3.5 % on balance of Rs. 20,400
and Rs. 1,000 will be automatically transferred to a flexi deposit for 1 year where you earn the prevailing 1 year FD rate. Flexi Fixed Deposits offer certain benefits over normal fixed deposits, primarily
due to the flexibility and liquidity they offer. In a normal fixed deposit, individuals generally deposit a certain sum of money for a particular period of time, with this amount earning fixed interest.
Withdrawing this amount before maturity is generally not permitted, which can be a problem in emergencies. Flexi Fixed Deposits overcome this problem by allowing account holders to withdraw / access money
any time anywhere .