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PNB PRUDENT SWEEP FOR INDIVIDUALS

Eligibility

Only individuals

Features

Initial Deposit : Rs. 500/-

  

Minimum Quarterly Average Balance : Rs. 5000/- for Rural/Semi-Urban & Rs.10000/- for Urban/Metro areas.

  

Incidental Charges: Rs.150/- per quarter for not maintaining stipulated QAB for Rural/Semi-Urban areas and Rs.300/- for Urban/Metro areas.

  

SWEEP IN AND OUT:

  

Sweep in/out shall take place after the cut off balance of Rs.1.00 lac and in multiples of Rs.10,000/-. Sweep out will be on 5th, 15th and 25th of every month (If there is holiday on these days, sweep out will be on the next working day from saving account.).

  

Tenor:

  

7 days to one year at the option of the customer

  

The funds will be swept in i.e. cancellation of Fixed Deposit, in case of need on Last In First Out Basis (LIFO).

  

For other details, please visit any of our branch.

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