| Parameters | Variants | ||
|---|---|---|---|
| Standard | Classic | Advantage | |
| Eligibility | Accounts can be opened as per RBI directives for opening Saving Fund Accounts of eligible INSTITUTIONS. | ||
| Minimum Quarterly Average Balance | Rs. 1.00 Lakh | Rs. 5.00 Lakh | Rs.10.00 Lakh |
| Minimum Quarterly Average Balance | Rs. 1.00 Lakh | Rs. 5.00 Lakh | Rs.10.00 Lakh |
| Charges for not maintainingQuarterly Average Balance | NIL | NIL | NIL |
| Minimum Balance for Sweep in and Sweep out facility | Rs.5.00 Lakh | Rs.8.00 Lakh | Rs.10.00 Lakh |
| Sweep-in and Sweep out in multiples of | Rs.1.00 Lakh | Rs.1.00 Lakh | Rs.1.00 Lakh |
| Frequency of Sweep | Every Tuesday. If Tuesday is holiday, then on next working day. | Every Tuesday. If Tuesday is holiday, then on next working day. | Every Tuesday. If Tuesday is holiday, then on next working day. |
| Period of FFD | 7 days to 90 days | 46 days to 180 days | 46 days to 1 year |
| Concession in Cash Deposit Charges | Rs. 1.00 Lakh per day | Rs.2.00 Lakh per day | Rs.3.00 Lakh per day |
| Operational Modality | Debit mandates (clearing/ transfer/ cash) would be executed as underThe balance available upto Rs.5,00,000/- in the account would be utilized. For further debits, withdrawal from FFD in multiple of Rs.1.00 lakh on Last In First Out Basis (LIFO). | Debit mandates (clearing/ transfer/ cash) would be executed as underThe balance available upto Rs.8,00,000/- in the account would be utilized. For further debits, withdrawal from FFD in multiple of Rs.1.00 lakh on Last In First Out Basis (LIFO). | Debit mandates (clearing/ transfer/ cash) would be executed as underThe balance available upto Rs.10,00,000/- in the account would be utilized. For further debits, withdrawal from FFD in multiple of Rs.1.00 lakh on Last In First Out Basis (LIFO). |
| Loan/Overdraft Facility | No Loan / OD against FFD in account. | ||
| Freebies/Concessions | · Upto two drafts with maximum amount Rs.25,000/- each in a calendar month. · No NACH charges · No RTGS/NEFT charges. | · Upto five drafts with maximum amount Rs.50,000/- each in a calendar month. · No NACH charges · No RTGS/NEFT charges. | · Upto ten drafts with maximum amount Rs.1,00,000/- each in a calendar month. · No NACH charges · No RTGS/ NEFT charges. |