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 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).
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.