Flexi Fixed Deposit Indian Bank

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What is an Indian Bank Flexi Fixed Deposit?

Flexi Deposit Indian Bank allows automatic transfer of surplus funds into a fixed deposit when your account balance exceeds a set threshold. The excess amount is swept into an FD in multiples of ₹10,000 every Sunday. A reverse sweep pulls funds back to ensure liquidity if the balance falls below the threshold. This way, the Flexi Fixed Deposit is designed for HNIs and Corporate Executives who want better returns without compromising on easy fund access and liquidity.

Indian Bank Flexi Fixed Deposit Interest Rates

Indian Bank Flexi Deposit Interest Rates generally align with standard FD interest rates. These Indian Bank FD interest rates for general and senior citizens are as follows:

For Deposits Less than ₹3 Crores

*Indian Bank FD interest rates w.e.f. June 9, 2025

Key Features of Indian Bank Flexi Fixed Deposits

Here are some key features of the Flexi Deposit Indian Bank:

• Insurance Benefits: Offers ₹1 lakh life insurance for students aged 15 to 45 years and personal accident insurance for IB students aged 12 to 70 years.
• Free Remittances: Enjoy two free monthly remittance transactions, each up to ₹25,000, saving on service charges and transfer costs.
• Transaction Charges: No additional charges apply for intercity or intracity banking transactions, ensuring seamless money movement across all branches.
• ATM/Debit Card: One-year free ATM/Debit card usage starting from the first transaction, offering convenient access without extra card maintenance costs.

How to Open an Indian Bank Flexi Fixed Deposit?

You can open a Flexi Deposit at Indian Bank through online banking or by visiting the nearest branch. Existing customers can conveniently book the deposit via the internet or mobile banking. New customers need to open a savings account first and then link their Flexi Deposit to it.

1. Online FD Account Opening

   You can book an Indian Bank FD online if you are an existing customer with NetBanking or the IndOASIS app.

   • NetBanking or IndOASIS app: Log in to your Indian Bank NetBanking with your credentials or open the IndOASIS app.
   • Go to ‘Fixed Deposit’: Tap on 'Term Deposit/Fixed Deposit' and then select 'Open FD'.
   • Select FD Amount: Select your account and enter the amount (starting from ₹1,000).
   • Select FD Type: Choose a deposit type from the available options, such as a cumulative (reinvestment) or non-cumulative (interest payout) FD.
   • Maturity Instructions: Select options for auto‑renewal, interest payout frequency, or payout at maturity.
   • Review & Confirm: Check all details, accept the terms & conditions, and submit.
   • FD Receipt: Generate and print the term deposit receipt (e‑TDR) instantly.

2. Offline FD Account Opening

   If you prefer the offline process, you can visit your nearest Indian Bank branch to book a fixed deposit with the flexi facility.

   • Visit Indian Bank Branch: Visit an Indian Bank branch with your PAN/Aadhaar and cheque/cash.
   • Indian Bank FD Form: Fill out the Term Deposit form at the Indian Bank branch.
   • Submit Documents: Submit the required KYC proofs if you are a new customer.
   • Fund Transfer/Deposit: Deposit the FD amount (minimum ₹1,000) digitally, through cheque, or cash.
   • Tenure & Interest Options: Choose the tenure (7 days to 10 years) and interest payout frequency.
   • Get the FD Receipt: Indian Bank will issue a Term Deposit Receipt (TDR) as confirmation.

Difference Between Flexi Fixed Deposits and Regular Fixed Deposits

Here’s a quick comparison table to help you understand the difference between a regular FD and the Flexi Fixed Deposit at Indian Bank:

Key Takeaways

Indian Bank Flexi Fixed Deposit offers interest rates similar to fixed deposits, along with the liquidity of a savings account. It automatically transfers surplus funds from your account into FDs and pulls them back when needed, using a sweep-in and reverse-sweep mechanism. Flexi deposits offer a smart balance of growth and liquidity, making them a practical option for earning higher returns than a regular FD. This ensures your money earns regular FD interest rates without sacrificing access to funds.