PNB SF Prudent Sweep Deposit Scheme – Individuals

Features

  • Initial Deposit/Minimum Quarterly Average Balance Required : Rs.25000/-
  • Charges For Not Maintaining Quarterly Average Balance : Rs. 400/- Per Quarter
  • Incidental Charges: Rs.150/- per quarter for not maintaining stipulated QAB for Rural/Semi-Urban areas and Rs.300/- for Urban/Metro areas.

SWEEP IN AND OUT

  • Sweep In and Out shall take place in Savings Accounts after the cut off level of Rs.50,000/- i.e., having a balance of over Rs.50,000/- with a minimum Sweep-out/ Sweep-In of Rs.5,000/- and thereafter in multiples of Rs.5,000/- to/from Fixed Deposit.
  • FDR’s under this scheme can be issued for minimum period of 46 days and for maximum period of 179 days.
  • The customer will get the prevailing fixed deposit card interest rates applicable on respective buckets on the amount of Flexi Fixed Deposits provided it had remained under FD portion for a minimum period.
  • Sweep out will be on daily basis.

Tenor:

  • 46 days to 179 days
  • The funds will be swept in i.e. cancellation of Fixed Deposit, in case of need on Last In First Out Basis (LIFO).

Various Free Facilities:

  • 2 remittances & collection of cheques (any) upto Rs 25000/- in a month
  • 100 cheque leaves in a F.Y.
  • Internet banking services (IBS,50% concession on annual maintenance charges for demat services for first year only
  • ATM card facility (AMC payble) etc.