Dena Savifix Account as the name denotes acts primarily as a savings account and doubles up as fixed deposit A/c.
What Happens is the money deposited in the Account, the moment the balance crosses Rs 25,000/- The exceeding amount in multiples of Rs. 5000/- is automatically converted to Fixed Deposit earning higher interest. Conversely, if funds in your savings account are insufficient for withdrawal or to honour a cheque, the requisite amount will be automatically transferred from the fixed deposit account in units of Rs. 5,000/-
The convenience of a savings account with better interest rates .
As the name denotes enjoy the freedom of a savings account with the earnings of a fixed deposit account