![]() ![]() ![]() High value product for Firms, Companies, Institutions, HUF, Individuals with high net worth. Beyond 30 days’ standard charges will be applicable. If closed within 30 days 500+GST, except in case of death. In other Bank ATMs limit as applicable for Platinum CardsĪs applicable to regular savings accountsįree at once, if lost/duplicate passbook standard charges will be applicable Rs.50000/- monthly average balance to be maintainedįree Platinum Debit Card for 1 st year & standard AMC charges will be applicable thereof. Individuals, Joint Accounts, Guardian on behalf of minors Service charge of Rs.100/- per month will be levied whenever the monthly average balance in the premium SB account goes below Rs.25,000/. When the Fixed Deposit matures at the end of 180 days, it will automatically renew the principle for next 180 days term, simultaneously crediting the interest to the Savings Bank account of the Customer. The Deposit swept back into SB, if it has remained in FD for more than 15 days, shall earn interest as per the prevailing rates.Įven while breaking the Fixed Deposit, only the most recently converted fixed deposit will be broken first to minimize the interest loss to the customer. No penalty will be levied for premature closure of FD account for bringing the balance in SB account to minimum level. In the event of shortfall in the relative SB account due to drawl of fund, then the fixed deposit will be swept back into SB account in required number of units on the basis of ‘LAST IN FIRST OUT (LIFO)’. Balance available in SB account over and above Rs.25,000/- on any day will be automatically swept-out into fixed deposit of 180 days term in units of Rs.1,000/- each. Minimum balance of Rs.25,000/- shall be maintained in the SB account. ![]()
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