#1
March 18th, 2017, 12:56 PM
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SBI Sweep Transfer
Can you tell me in detail about the Auto-Sweep Facility offered by SBI (State Bank of India) under Premium Savings Account for its customers?
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#2
March 18th, 2017, 01:28 PM
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Re: SBI Sweep Transfer
Premium Savings Account offered by SBI (State Bank of India) provides an enhance version of Savings Bank account consisting of the concessions and add-ons. Eligibility As applicable to Regular Savings Bank Account Auto-Sweep Facility Auto-sweep facility will be operative at intervals as defined by its customers. Term Deposits (TD)/ Special Term Deposits (STD) are created under the MOD scheme, in units of Rs.1,000/-, subject to a minimum amount of Rs. 10000/. Auto sweep will be after retaining Rs 25000/- in the account. Unitised break-up available for withdrawing the deposits conveniently TD/STD is opened for a period of 1 year to 5 years. Other Facilities Available Cheque-books are available where Mobile No. of the account holder is recorded. 20 Multicity cheque leaves free in the first instance thereafter Rs. 2/- is charged for each subsequent leaf for Savings Bank account having QAB as on previous quarter end Rs. 25000/- and above. 20 Multicity cheque leaves free in the first instance thereafter Rs. 3/- is charged for each subsequent leaf for Savings Bank account having QAB as on previous quarter end below Rs. 25000/-. Emergency Cheque request (10 leaves set): Rs 3/- per leaf. ATM-cum-Debit Gold cards (Master/ Visa) will be issued, free of cost. Internet Banking/Mobile Banking facility Most Important Terms & Conditions Auto-sweep facility is operative at intervals as defined by the customer. Tenure for MOD Component: 1 year to 5 years, in round months. Payments in excess of available balance in the Savings bank Account can be made by breaking MODs. Conversion of existing SB/ Savings Plus accounts will be permissible. |