Flexibility of Current Account - Earning of Fixed Deposit:
Automatic transfer of balance from the Current Account in excess of Rs. 2,00,000/- to Fixed Deposit, in multiples of Rs. 25,000/- and Re-transfer of funds from the Fixed Deposit to Current Account in multiples of Rs. 25000/- when there is a need.
Existing/new customers who maintain the monthly average balance of Rs 2 lac & minimum balance of Rs. 5000/- for one full calendar month.
Maximum period of deposit: 90 days
Rate of interest: Card rate will be applicable for units converted to term deposits if the aggregate amount of deposit so converted to Term deposit is less than Rs 1 cr per day. Bulk deposit rate on Term Deposits to be announced by the Treasury Department everyday would be applicable for units converted to Term deposits if the aggregate amount of deposit so converted to Term deposit is Rs 1 cr and above per day.
Monthly Average Balance : Rs. 2 Lac.
Minimum Balance: Rs 5000/-
Free Demand Drafts/ MT/ Pay Orders up to an aggregate amount of Rs. 2 lac per month
Free collection of Outstation cheques up to Rs. 1 Lac per month. Actual postage & out of pocket expenses shall be borne by the account holder. Where we do not have a branch, only our commission will be waived. The account holder has to bear the commission of the agent bank in addition to postage & out of pocket expenses. (The above facility is subject to a maximum of 20 DDs / MTs / Pay Orders/Outstation cheques per month.)
Free Debit card
Free Bill Pay services available (at selected branches)
If the Minimum balance / Monthly average balance is not maintained penalty will be charged.
* Conditions apply