Here is the list of Indian banks offering facility.
Please note that list is only indicative, there may be other banks offering similar deposit schemes. Please check with your respective bank and also for various terms and conditions before going for such schemes:
- Allahabad Bank - Flexi-fix Deposit
- Axis Bank - Encash 24
- Bank of India - BOI Savings Plus Scheme
- Bank of Maharashtra - Mixie Deposit Scheme
- Corporation Bank - Money Flex
- HDFC Bank - Super Saver Facility
- IDBI Bank - Sweep-in Savings Account
- Oriental Bank of Commerce - Flexi Fixed Deposit Scheme
- State Bank of India - Multi Option Deposit Scheme
- Union Bank - Union Flexi Deposit
- United Bank of India - United Bonanza Savings Scheme
Although I've not heard of any penalties being charged on customers for pre-mature withdrawal of money from such schemes, please check wit your respective banks about costs and charges involved. Indian Banking system is going through a dynamic phase and things might change.
Flexi Deposits / Auto Sweep Fixed Deposits Bank List
These Flexi Deposits / Auto Sweep Fixed Deposits / Sweep in Sweep Out Schemes are good for people who have extra money in their bank accounts lying for short or long periods, but aren't sure if they will use it in near of mid or long term future. Signing up for such Flexi Deposits / Auto Sweep Fixed Deposits will offer them extra interest and it is advisable for all classes of account holders.Flexi Deposits / Auto Sweep Fixed Deposits
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