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I want to know about the Flexi Fixed Deposit features.

With effect from July 1, 2005, the auto-sweep (Quantum Optima) facility in the Savings Account has been withdrawn. Instead, the Linked Fixed Deposit (LFD) or money multiplier deposit has been introduced, which will be created on specific request from the customer.

Features of LFD:

Minimum balance in the Savings Account should be ₹15,000 to generate LFD request.
LFD requests will be made in multiples of ₹5,000 only.
You may have more than one LFD linked to the same account.
Specific request has to be given for each LFD creation.
The LFDs will be under the same Customer ID.

LFDs linked to the account will be enabled for automatic reverse sweep of an amount to equate the balance to ₹10,000 when the balance in the Savings Account falls below ₹10,000.

LFDs will be broken in LIFO (Last In First Out) basis for reverse sweep.