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.