SyndFlexi Current Account

“SyndFlexi Current Account” combines the liquidity of Current Account with the earning capacity of Term Deposits. The account is available at CBS Branches and provides for Sweep-out Sweep-in Facility. Amounts in excess of the prescribed threshold amount of Rs. 1.00 lakh is automatically swept out to Term Deposit and funds from the Term Deposit is Swept in to the Flexi Current Account as and when there is a shortfall in the balance in the account. The essential features are as under:

Monthly Minimum Average Balance Rs. 1,00,000/-

Minimum Amounts of Sweep-out /in Rs. 25000/- and multiples thereof

Periodicity of Sweep out to TD Daily

Periodicity of Sweep-in As and when funds are required in the Account.

Tenure of the Term Deposit Between 15 to 45 days as the customer may specify (one time option)

Payment of interestAt card rate for the period the amount has remained in TD. No interest will be paid for amounts withdrawn before the completion of 15 days

Penalty for premature withdrawal Nil

Nomination Facility Available

TDS As applicable

Other concessions

Cash withdrawal by self upto Rs. 20000/- and remittance by self/ authorized agent upto Rs. 25000/- per day free

For further details please contact the nearest branch