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1. A Technology friendly product with Auto-sweep & Auto- Reverse sweep facility
2. Minimum balance to be maintained in Savings Bank (AB Freedom SB account) is Rs.5,000/-
3. Any amount in excess of minimum balance is transferred to Term Deposit Account in multiples of Rs.1,000/- units under Auto Sweep Facility (Minimum No. of Units for such transfer fixed is five i.e., Rs.5,000/-)
4. The account holder earns interest at domestic term deposit rates for units converted to Terms
Deposit. Periodical interest payment will be allowed on quarterly basis
5. AB Freedom Flexi Fixed Deposit for 15 days to 12 months
6. AB Freedom Flexi Re-investment Deposit for 6 months to 12 months in multiples of quarters
7. Complete Liquidity- the deposit get broken in the multiples of Rs.1000/- on LIFO (Last in First Out) basis, while the remaining deposits continue to earn full interest
8. No documentation is required for cancellation of deposit units
9. No penalty for premature withdrawal of deposit units under Auto reverse facility
10. No deposit loans are allowed against Term Deposit units
11. No Deposit Certificate is issued
12. Account statement of Savings Bank and Term Deposit transactions will be issued
13. ATM / Debit Card is available
14. Nomination facility is available
15. Terms and Conditions apply
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