Money Max Deposits

• FFDCA - For current account customers

• FFDSA - For savings account non-senior citizen customers

• FFDSC - For savings account senior citizen customers

• FFSSC - For savings account Super senior citizen customers

For New to Bank customers, post account opening branch to collect Customer Undertaking signed as per the MOP. Kindly refer the Customer Undertaking form in Quick Links section.

The Fixed Deposit will be booked with default tenure of 181 Days.

FD will be created at the end of the day (EOD basis) if the balance in the Current/Savings Account exceeds the set threshold limit.

FD will be prematurely broken basis the balance shortfall in Current/Savings Account. This will ensure maximum possible returns to our customer. In case of multiple FDs, the last FD will be broken first (LIFO: Last in first out).

In case of pre-closure of FD(full/partial), the interest will be calculated at the rate applicable for the period for which Term Deposit has actually remained with the bank and not the contractual rate.

Sweep In – In Multiples of INR 1,000

Sweep Out – Minimum FD Amount INR 5,000, thereafter in Multiples of INR 5,000. (A single FD of fund available above CASA threshold will be created)

Current/Savings Sweep out threshold limit is 2 times of MAB/QAB or INR 50,000 (whichever is higher).

Yes, Senior citizen can avail applicable interest rate benefit on FD booking through Money Max Facility.

Money Max facility can be provided to both savings and current account customers. Customer needs to ensure Pan Number is updated to the respective Current/Savings account.