ELIGIBLE institutions permitted for opening Saving Fund Accounts
Minimum Quarterly Average Balance: 1,000,00
SWEEP IN AND OUT:
Sweep in/out shall take place after the cut off balance of Rs.5.00 lacs and in multiples of Rs.1.00 lac. Sweep out will be on weekly basis.
7 days to 91 days
The funds will be swept in i.e. cancellation of Fixed Deposit, in case of need on Last In First Out Basis (LIFO).
Various Free Facilities:
RTGS/NEFT charges to be waived off instead of 50% discount
Concession in cash deposit charges: Upto Rs. 5.00 lakh – Free; beyond that charges will be applicable as in Saving Accounts.
Upto 2 remittances with the maximum amount of Rs.25,000/- (For both remittances) in a month 100 cheque leaves in a F.Y.
Internet banking services (IBS),
Free Collection of Outstation Cheques- Upto the maximum amount of Rs.25,000/- in a month.
For other details, please visit any of our branch.