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 into term deposit after a threshold limit of Rs. 5,000
- The customer would be free to change the threshold limit at any time without any restriction, subject to a minimum of Rs. 5,000
- All term deposit (created by sweep out transactions) will be opened for minimum period of 15 days and a maximum of 1 year (Deposit to be made in multiples of days)
- ATM / Debit Card membership / Annual fee - Free for 1st year
Individuals either jointly or single, Clubs, Associations, Trusts, Hospitals, Schools and Colleges who are eligible to open savings bank accounts.
Minimum Quarterly Average Balance
For VISA FD Scheme
- Minimum period of 15 days and a maximum of 1 year.
For VISA MKD Scheme
- Minimum period of 12 months and a maximum 120 Months.