The same, if not withdrawn can be swept back again into SDR/DBD for a period of the customer's choice.
Only if you are unsure of your money lying in bank and when you might need it, you should be using Auto-Sweep facility.
He enables Auto-Sweep facility on his savings bank account and defines the threshold limit of Rs 30,000.
Rate of Interest on the SB portion would be as applicable to php5 and mysql bible pdf the regular SB deposits, while the Rate of Interest on the SDR/DBD portion will depend on the tenure for which each deposit is placed, and at the ruling Interest Rate as on the.
ATMs-.25,000/-(per day merchant Establishments-.50,000/-(per day issue of DD drawn on base Bank/banks branch by cheque/transfer.At any point in time, if you need money more than is lying in your bank account, the money lying in the Fixed Deposits is Reversed-sweeped into your savings account and you can withdraw the amount you wish.51/- per instrument up to 3 leaves.It aims at maximizing the earnings for the customer, without jeopardizing liquidity.A lot of people have much more than 1 lac in their accounts, not just 1 lac.Urban/ Metro/SU.204/- per quarter, rural -.102/- per quarter, aTM transaction at own bank.What is Auto-Sweep Account?Privileged Account, minimum AQB (Average Quarterly Balance rs 0, interest Rate.However on the other hand if he wants to withdraw Rs 50,000.
Some banks are also known to give simple interest on the Auto-sweep Fixed Deposits and not compound interest as in case of normal fixed deposits.
Services Features Services Features Overdraft Facility No Reward Points No Internet Banking Yes Free Phone Banking No Mobile Banking No SMS Alerts No Eligibility Criteria Eligibility Criteria Min Age 18 Yrs.
Cheque return charges-cheque drawn on us (for technical reason, other than link/system/power failure) -.
For remittances by cash deposit, cash handling charges will be extra.10/- per draft, whichever is higher.In the SDR portion, monies can be invested for any period from 15 days to 179 days, as per the customer's choice.Monthly Statement of Current Account/CC Account- NIL Pass Book.102/- with latest balance, additional.102/- per 40 entries, for previous entries.Any amount in excess.25,000/- in the SB portion will be auto swept out into the SDR or DBD portion in multiples.5,000/- on daily basis.Auto Sweep is a facility which provides, the combined benefits of a Savings Bank account and.Comments: Did you know about Auto sweep account earlier?Dont over do it, while Auto-sweep is a wonderful dell latitude d800 drivers and utilities cd thing for salaried class people who want to maintain liquidity, as well as want to earn more interest on their unused money, one should not over.Do you think it will be helpful for you and do you plan to enable it?Balance inquiry at Other banks, balance Inquiry at ATMs of Other Banks (In India) Mastercard/cirrus-Rs 12, aTM cash withdrawl limit.