FFD IDBI Bank

want to you mean by Flexi -Fixed Deposit at IDBI Bank, can you here let me know about this account facility ?

[Arvind Kumar]

IDBI Bank is an Indian government-owned financial service company, headquartered in Mumbai, India

As you asking I am telling Flexi -Fixed Deposit (FFD) -also known as Sweep in Saving Term Deposit. This term deposit provides facility to link the term deposit to a saving account. Whenever the balance in a savings account fall short to clear any debits in the operative account, the FFD can be broken as per the set process of the Bank. This Term Deposit can be either Simple Fixed Deposit or Cumulative Term Deposit.

Bank profile:

Type Government-owned bank

Traded as BSE: 500116

NSE: IDBI

Industry Banking, Financial services

Predecessor IDBI

Founded 1 July 1964, 52 years ago

Headquarters Mumbai India

Key people Mahesh Kumar Jain(Managing Director & CEO)

Products consumer banking, corporate banking, finance and insurance,
investment banking, mortgage loans, private banking, private equity, wealth
management, Agriculture Loan

Revenue 28,043.10 crore (US$4.4 billion) (2016)

Operating income 5,370 crore (US$840 million) (2016)

Net income -3,664.80 crore (US$−570 million) (2016)

Total assets 374,372.12 crore (US$58 billion) (2016)

Number of employees 17,570 (March 2016)

Capital ratio 11.76% (2016)