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PNB SF Prudent Sweep for the accounts of institutions

Eligibility

ELIGIBLE institutions permitted for opening Saving Fund Accounts

Features

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.

Tenor:

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.

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