This is a modern two in one savings plus fixed deposit account where your money
gets auto swiped into fixed deposits & yet it is accessible as and when required.
This gives the benefit & convenience of withdrawing money anytime anywhere &
get decent interest on the savings at the same time.
- Combination of Savings Bank Account Plus Term Deposits
- Auto Sweep Facility
- Balance from Savings Bank Account automatically sweeps every monday into term deposit after a threshold limit of Rs. 10,000 and in multiples of Rs. 5,000 and thereof.
- The customer would be free to change the threshold limit at any time without any restriction, subject to a minimum of Rs. 10,000 and in multiples of Rs. 5,000 and thereof.
- All term deposit (created by sweep out transactions) will be opened for minimum period of 15 days and a maximum of 6 months (Deposit to be made in multiples of days)
- ATM / Debit Card Facility
Individuals either jointly or single, Clubs, Associations, Trusts, Hospitals, Schools
and Colleges who are eligible to open savings bank accounts.
Monthly Average Balance (MAB) -
For VISA FD Scheme
- Minimum period of 15 days and a maximum of 6 months.
For VISA MKD Scheme
- Minimum period of 12 months and a maximum 120 Months.