Flexi Fixed Deposit CSB Bank

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What is CSB Bank Flexi Fixed Deposit?

CSB Bank Flexi Fixed Deposit links your savings account with a fixed deposit. It auto-transfers surplus funds into the Flexi Fixed Deposit to earn higher returns. You can set a threshold limit on your own. When the balance falls below the set limit, the required amount is withdrawn from the flexi fixed deposit through a reverse sweep, ensuring money remains accessible whenever needed.

CSB Bank Flexi Deposit Interest Rates

Flexi Deposit interest rates are based on the CSB Bank FD rates. Here are the latest CSB Bank flexi deposit interest rates for general and senior citizens:

For Deposits Less than ₹3 Crores

*The benefit of the additional interest rate is not applicable for term deposits opened under the staff category for these deposit tenures

** CSB Bank FD interest rates w.e.f. May 3, 2025

Key Features of CSB Bank Flexi Deposit

Here are the key features that make Flexi Deposit CSB Bank a popular choice:

• Partial Withdrawal: Only the needed portion of the FD is withdrawn, while the rest continues earning interest.
• Liquidity + Returns: You earn higher interest rates than a savings account while accessing your funds when needed.
• Customisable Threshold & Tenure: You can set the sweep-in limit and choose the deposit duration.
• Digital Convenience: You can open and manage the Flexi Deposit through net banking or the CSB Bank mobile app.

How to Open a CSB Bank Flexi Deposit?

CSB Bank's Flexi Fixed Deposit offers a unique advantage by linking to your savings account. This lets you earn higher interest on your surplus funds while keeping them liquid and easily accessible.

1. Online FD Account Opening

   You can book a CSB Bank Flexi Fixed Deposit online. Existing customers can do so from their savings account after registering for internet or mobile banking. New customers must first open a CSB Bank savings account.

   • NetBanking or Mobile App: Log in to CSB Bank Internet Banking or the CSB Mobile+ app.
   • Go to ‘Fixed Deposit’: Navigate to the 'Deposits' section and select 'Open Fixed Deposit'.
   • Select FD Type: Choose the Flexi Fixed Deposit option.
   • Select FD Amount: Enter the deposit amount and tenure, and select the savings account to be linked.
   • Maturity Instructions: Set your sweep-in and sweep-out instructions, along with any other maturity preferences.
   • Review & Confirm: Review all details, accept the terms & conditions, and submit.
   • FD Receipt: The term deposit receipt will be generated and can be viewed or downloaded.

2. Offline FD Account Opening

   If you find the offline process more convenient, just visit your nearest CSB Bank branch to book an FD.

   • Visit CSB Bank Branch: Visit a CSB Bank branch with your savings account details and funds.
   • FD Form: Request and fill out the Fixed Deposit application form at the branch, specifying that you want a Flexi Fixed Deposit.
   • Submit Documents: Submit required KYC proofs, such as your PAN card and Aadhaar, especially if you are a new customer.
   • Fund Transfer/Deposit: Deposit the FD amount via cheque or cash.
   • Tenure & Interest Options: Choose your preferred tenure and interest payout frequency with the bank representative.
   • Get the FD Receipt: The bank will issue a Term Deposit Receipt (TDR) as confirmation.

Difference Between Flexi Fixed Deposits and Regular Fixed Deposits

Here’s a quick comparison of the key features between CSB Bank’s Regular Fixed Deposits and Flexi Fixed Deposits:

Key Takeaways

Flexi Fixed Deposits offered by CSB Bank link your savings account to a fixed deposit, automatically transferring surplus funds to earn FD interest rates. These are an effective way to grow your money, offering higher returns than regular fixed deposits. When funds are needed, the required amount is swept out to your savings account, ensuring easy access. The remaining balance in the fixed deposit continues to earn interest, helping your money grow while staying accessible.