BANKING AFFAIRS

Detailed explanation-1: -Features. Minimum amount of transfer to MOD Rs. 10, 000/-in multiples of Rs 1, 000/-at one instance. 25 free cheque leaves per annum. Further cheques will be issued with charges based on Quarterly Average balance maintained by the customer.

Detailed explanation-2: -What is Sweep-In Facility? A sweep-in facility ensures that whenever funds in your Savings Account are running low for a purchase or transaction, the bank will transfer the deficit amount from your Fixed Deposit to your Savings Account without affecting your interest rate in your Fixed Deposit.

Detailed explanation-3: -For ‘auto sweep’ facility, the Minimum Threshold Balance & Minimum Resultant Balance should be Rs 35, 000/-and Rs. 25, 000/-respectively. inimum Sweep amount of Rs. 10, 000/-in multiples of Rs.1000/-.

Detailed explanation-4: -You must maintain a minimum balance of $2, 500, or 50% of your account, whichever is less, in the Savings Plus core investment funds.

Detailed explanation-5: -Auto transfer of funds exceeding Rs. 50000 to Short Deposit with a minimum of Rs. 10, 000/-for 181 days. Reverse Sweep in multiple of Rs.10, 000/-will be triggered as and when the available balance in Savings Account falls below threshold of Rs. 50, 000/-.