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Eligibility & Documentation |
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Only Resident Individuals and Hindu United Families are eligible for a Sweep-In Account
Sweep-In can be also offered on
Fixed Deposit linked to a Current Account.
Fees
Sweep-In with Savings Account
If you maintain a Fixed Deposit of Rs. 50,000/- or more, no service charges are applicable on the Savings Account. However, if the Fixed Deposit amount is below Rs. 50,000/-, then the following service charges will be applicable on the savings account:
* The minimum average quarterly balance maintained must be Rs. 5,000/-. If your minimum average quarterly balance is less than Rs. 5,000/- a service charge of Rs 750/- will be levied per quarter.
Sweep-In with Current Account
In case of Current Accounts, the average balance applicable to the Current Account chosen by you, needs to be maintained irrespective of the value of the fixed deposit. Service charges applicable would be as per the Current Account selected by you.
If the Fixed Deposit is held for less than 15 days, your interest for the amount transferred is forfeited.
As per the Finance Bill, 2007, all fees & charges mentioned
in the Tarriffs, Charges or Fees Brochures will attract Service Tax @12% &
Education Cess @3% of the service tax amount effective 11th May, 2007. The
same will appear as separate debits in the statements.
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Just fill the Online Application Form and our representative will get in touch with you shortly.
Other Ways to apply :
*Conditions Apply
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