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  #2  
June 7th, 2016, 02:47 PM
Super Moderator
 
Join Date: Mar 2013
Re: SBBJ Current Account Charges

Hello, here I am providing you the details of the charges of the SBBJ current account as under:

POWER JYOTI CURRENT ACCOUNT FOR FEE COLLECTION
Penalty for non-maintenance of QAB (per quarter) - 2000.00

Features and Benefits:
Minimum quarterly average balance (QAB) of 1,00,000.00.
Different types of fees (up to 10 times) can be collected through a single challan.
It has a provision to capture 17 digit alphanumeric number as the reference no.
Transaction other than fee collection is not permitted in non-home branches.
Corporate Internet banking facility - Free.
Chequebook facility not available. The Institution can transfer the required balance through authorization / sweep.
Cash handling charges - Waived.

Current Account
Current Accounts can be opened by individuals, sole proprietorship/partnership firms, private and public limited companies, HUFs/specified associations, societies, trusts, clubs, executors, administrators and liquidators, Govt. Departments, Universities, Banks etc.

Minimum balance as stipulated from time to time will be required to be maintained.

No interest is paid on credit balances kept in current account.

Service charges are levied for

Ledger folio used

Cheque books issued

Non-maintenance of minimum balance

Return of cheques, etc.

For opening special types of current accounts like for Executors, Administrators, Trustees, liquidators etc., the Branch Manager may be contacted who will help in opening these types of accounts.


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