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Image  Savings Flexi Deposit Scheme (SBNFP)


Designed for Government Department bodies / high value customers to earn additional interest income on surplus fund in Saving Deposit.


Eligibility

Individuals and institutions including Government Department bodies who are eligible to open savings bank accounts.

Minimum balance in SB

Rs 10,00,000/-

Sweep Out amount

Minimum of Rs.5,00,000 and in multiples of Rs.5,00,000

Periodicity of Sweep out

Weekly

Sweep out limit

Max sweep out amount Rs.9.90 Crores per week
Maximum amount in flexi fixed deposit Rs.100 Crores per customer.

Sweep in amount

Rs.5,00,000/ and in multiples of Rs 5,00,000/-

Period of Term Deposit

46 days to 90 days

Personalized Cheque Leaves

Unlimited FREE

RTGS, NEFT & DD

Unlimited FREE

Cash Deposit Charges

No Cash Deposit Charges upto Rs.50.00 lakhs per month(Base/Non- Base Branch)

Penalty for non-maintenance of min balance

NIL

Account closure -within 14 days or after 12 months

Nil

Account closure -Between 15 days to 12 months

As per applicable charges.