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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
Cash Deposit Charges
No Cash Deposit Charges up to 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.